Fighting foreclosure - Washington Post

February 28th, 2010 by admin

Fighting foreclosure
Washington Post
To address the twin threats of lender resistance and borrower incapacity, the program offered cash to participating mortgage lenders but targeted only …
Unemployed Distressed Boston Homeowners Might Use Forbearance in Near FutureThe Quincy Cove
Treasury defends loan program blasted by RepublicansReuters
HAMP Critics: What is the True Foreclosure Rescue Rate?eCreditDaily.com
DailyFinance -Worcester Telegram -Huffington Post (blog)
all 19 news articles »

Topics: Loans Mortgage Borrowers | Add comment

Help others find this article at:

Freddie to snub exotic home loans - Financial Times

February 28th, 2010 by admin

Boston Globe

Freddie to snub exotic home loans
Financial Times
… the Federal Housing Authority, which provides loans to lower-income borrowers, account for about 90 per cent of the US mortgage market. …
Freddie Mac Abandons Ship on Interest-Only LoansWall Street Journal (blog)
Fannie Posts $72 Billion Loss for '09Wall Street Journal
Fannie Mae Asks US Treasury for $15 Billion More in AidThe Epoch Times
Before It’s News -The Money Times -NewsBusters (blog)
all 753 news articles »

Topics: Loans Mortgage Borrowers | Add comment

Help others find this article at:

Lawmakers question Obama loan help effort - Washington Post

February 26th, 2010 by admin

Lawmakers question Obama loan help effort
Washington Post
The program is designed to lower borrowers' monthly payments by reducing mortgage rates to as low as 2 percent for five years and extending loan terms to as …

and more »

Topics: Loans Mortgage Borrowers | Add comment

Help others find this article at:

FDIC to test principal reduction for underwater borrowers - Washington Post

February 26th, 2010 by admin

FDIC to test principal reduction for underwater borrowers
Washington Post
"Whether homeowners have equity in their home is a key predictor of whether they will default on their mortgage or redefault on a loan modification," said …
FDIC to test underwater mortgage rescueUPI.com

all 7 news articles »

Topics: Loans Mortgage Borrowers | Add comment

Help others find this article at:

Mortgage insurance rules tighten; borrowers go FHA - Spokane Journal of Business

February 26th, 2010 by admin

eCreditDaily.com

Mortgage insurance rules tighten; borrowers go FHA
Spokane Journal of Business
With lending criteria and mortgage-insurance premium rules tighter now for conventional loans, home buyers increasingly are turning to …
30-year mortgage rates rise above 5%Los Angeles Times
US mortgage rates rise above 5 pct again-Freddie MacReuters
How to Choose a FHA Mortgage RefinanceBatchBuzz (satire)
Los Angeles Times (blog) -Washington Examiner -Pressitt
all 310 news articles »

Topics: Loans Mortgage Borrowers | Add comment

Help others find this article at:

US Weighs Requiring Lenders to Consider Changes Before Foreclosures - New York Times

February 26th, 2010 by admin

ABC News

US Weighs Requiring Lenders to Consider Changes Before Foreclosures
New York Times
The Mortgage Bankers Association announced this week their own plan for reducing foreclosures: Lenders and loan servicers would reduce unemployed borrowers' …
Obama Considers Foreclosure BanDSNews.com
Government Considers More Restrictions on Bank ForeclosuresABC News
Obama May Prohibit Home-Loan Foreclosures Without HAMP ReviewBusinessWeek
HULIQ -Subprime Blogger (blog) -Red, White, and Blue Press (blog)
all 149 news articles »

Topics: Loans Mortgage Borrowers | Add comment

Help others find this article at:

SunTrust Mortgage Streamlines Mortgage Default Management with Varolii - MarketWatch (press release)

February 24th, 2010 by admin

SunTrust Mortgage Streamlines Mortgage Default Management with Varolii
MarketWatch (press release)
SunTrust's dedicated Loan Resolution Team works with borrowers to complete the necessary workout documentation and keep the process moving forward. …
Varolii Signs Mortgage FirmNorthwest innovation

all 9 news articles »

Topics: Loans Mortgage Borrowers | Add comment

Help others find this article at:

Number of homeowners ‘underwater’ grows - The Virginian-Pilot

February 24th, 2010 by admin

Fresno Business Journal

Number of homeowners 'underwater' grows
The Virginian-Pilot
That's nearly one in four local mortgage borrowers – 22 percent – who are “underwater” on the loans, according to First American CoreLogic, which is based …
20% of Colorado mortgages 'upside-down'Denver Business Journal
A Deluge of Homeowners UnderwaterZacks.com
Nearly One in Four Borrowers Underwater on MortgageWall Street Journal (blog)
Before It’s News -Housing Wire -MarketWatch
all 43 news articles »

Topics: Loans Mortgage Borrowers | Add comment

Help others find this article at:

Boston Mortgage Lenders Not Honoring HAMP - HULIQ

February 24th, 2010 by admin

San Francisco Chronicle (blog)

Boston Mortgage Lenders Not Honoring HAMP
HULIQ
This includes a trial period where the borrower is required to make three successive payments on their mortgage under a temporarily modified loan agreement. …
Focusing on foreclosuresLos Angeles Times
U.S. Weighs Changes to Mortgage-Relief ProgramWall Street Journal
Loss Mitigation is the objective for Citi Mortgage in Loan ModificationOpEdNews
Boston Globe -BigNews.biz (press release) -International Business Times
all 65 news articles »

Topics: Loans Mortgage Borrowers | Add comment

Help others find this article at:

Jumbo mortgage market is beginning to thaw - Los Angeles Times

February 24th, 2010 by admin

Los Angeles Times

Jumbo mortgage market is beginning to thaw
Los Angeles Times
Of course, adjustable, stated-income and piggyback loans were big contributors to the mortgage meltdown. But such provisions are less risky if a borrower …

and more »

Topics: Loans Mortgage Borrowers | Add comment

Help others find this article at: