Are you winning the fight but losing the battle?
Tag: loan modification
Bad Debt: Is Your Home More of a Burden Than it’s Worth?
How to Get Out of Bad Debt Last week we established that it is a good time for people to be making real estate investments. This week I would like to take a look at those who are already in the market; and like so many people made the mistake of buying during the boom.
Many Will Benefit from the New Mortgage Modification Programs
The Obama administration’s announcement late last month that it will revamp its foreclosure prevention efforts by adding loan write-downs to banks’ tool-kits has generated considerable optimism that more loan modifications will stick. But a handful of analysts are tempering that optimism by pointing out that many of these programs face some of the same obstacles […]
More Changes to Modification Programs
On June 1st we expect more changes to the modifications programs…
Supply of Foreclosed Homes
Last year not as many foreclosed homes were part of the banks inventories due to the extraneous process of loan modification that was keeping homeowners in their homes longer.
Fannie Mae and Freddie Mac
As long as the government is in control of Fannie Mae and Freddie Mac, they will not be able to introduce any new loan products. Fannie and Freddie were working on new loan products that would have to pass through the federal regulator of the company. On Tuesday the federal regulator had denied introduction of […]