loan modifications

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Latest blogosphere posts tagged “loan modifications”

  • Loan Modifications Are Not Happening


    OHOMEN171Authority Authority: 134
    Bank Of Americas Foreclosure Rescue Failure: Only 1 Out Of 1,600 Borrowers Have Received Permanent Modifications digg stumble reddit del.ico.us Huffington Post | Marcus Baram First Posted: 12-11-09 01:09 PM | Updated: 12-11-09 02:45 PM WHATS YOUR REACTION? ...
    4 days ago
  • White House loan modification plan falls flat


    Iowa IndependentAuthority Authority: 617
    It was last December when Julio Angulo ignored the bitter cold and sat on a rusted patio chair in the front yard of his foreclosed home in suburban Manassas, Va. He sighed, resting his hand on his knee. He stared despondently at the sky. His lender had foreclosed on his house in July. He had just been evicted. ...
    5 days ago
  • HAMP Questions


    Calculated RiskAuthority Authority: 742
    If there were 143,276 cumulative HAMP trial modifications in June - and the maximum length of a trial was extended to five months - how come there were only 31,382 permanent mods and 30,650 disqualified modifications by the end of November? What happened to the other 82,244 modifications? Have they been extended? ...
    5 days ago
  • HAMP: 31,382 Permanent Mods


    Calculated RiskAuthority Authority: 742
    Update: Treasury link now working, graphic added. From Diana Olick at CNBC: First Look: Inside The $75 Billion Plan to Save Housing Of the 759,058 modifications started, 697,026 are still in the three month trial phase. ... Treasury reports that 31,382 trial modifications are now permanent. ... 30,650 ...
    5 days ago
  • White House Loan Modification Plan Falls Flat


    The Washington IndependentAuthority Authority: 748
    Julio Angulo was evicted from his Virginia home last December. (American News Project) It was last December when Julio Angulo ignored the bitter cold and sat on a rusted patio chair in the front yard of his foreclosed home in suburban Manassas, Va. He sighed, resting his hand on his knee. He stared despondently at ...
    5 days ago
  • Mortgage Loan Modifications & Foreclosure Reversals


    Self PublishingAuthority Authority: 150
    Foreclosure is not the final word! http://1stchoicefinancial.webs.com/ You can reverse it, get your house back, and have a modified repayment schedule. Our primary products are residential mortgages & loan modifications, which helps families better afford their homes. If it’s before your eviction hearing, we ...
    6 days ago
  • Why Loan Modifications Are Like ‘Jurassic Park’


    WSJ.com: DevelopmentsAuthority Authority: 646
    It might be possible to bring dinosaurs back to life, but does that make it a good idea? Similarly, says Dr. Sanders, a professor of real estate finance at George Mason University, it might be possible to slash interest rates on millions of loans, but that doesn’t mean we should.
    6 days ago
  • Another sign that modifications aren’t working…..


    tvanderwell on SmartHippo.comAuthority Authority: 139
    Let’s take a look at these statistics: 29 out of every 100 modified loans didn’t make the required payments on time. Only 14% of the modifications that Chase has done have resulted in a “permanent status.” Only 2% of the modifications done through the government’s highly touted Home Affordable ...
    6 days ago
  • Top 10 real estate posts of the day for 12/9/2009


    Hassle Free Phoenix Area Home SearchAuthority Authority: 131
    1) Congress Screams Bloody Murder About HAMP Program – Lani to answer your question it is ironic not noble. I just did a quick search and couldn’t find it, wish I could find the video of him leading the effort to make home ownership “more affordable to more Americans.” 2) Roost.com Expands Into Eleven New ...
    6 days ago
  • Another sign that modifications aren’t working…..


    Straight Talk About Mortgages and Real EstateAuthority Authority: 434
    Let’s take a look at these statistics: 29 out of every 100 modified loans didn’t make the required payments on time. Only 14% of the modifications that Chase has done have resulted in a “permanent status.” Only 2% of the modifications done through the government’s highly touted Home Affordable ...
    6 days ago
  • Real Homes of Genius: Pasadena Home Back to 1996 Price Levels? The Pasadena Housing Market Food Chain – 4 Homes from Low Price to High Price all in Distress. Foreclosures and Short Sales in Prime City. Almost 4 out of 10 Homes in California Underwater


    Dr. Housing Bubble BlogAuthority Authority: 526
    There was an interesting study out of Arizona showing that many underwater homeowners don’t walk away from their mortgage because of moral reasons.  Well they have yet to get a taste of the Alt-A and option ARM problems that will hit California in the next few years.  Another study showed that many in California ...
    1 week ago
  • JPMorgan: 200,000 HAMP Mods Offered, Only 2% Permanent


    Calculated RiskAuthority Authority: 742
    The following information is from the JPMorgan Chase presentation today at the Goldman Sachs Financial Services Conference. Click on graph for larger image in new window. The first slide (page 18 in the presentation) shows the progress of the various modification programs at JPM Chase. Only 2% of all ...
    1 week ago
  • Obama foreclosure prevention plan paper jam


    Foreclosure.com BlogAuthority Authority: 419
    Bank of America and JP Morgan Chase executives — two of the largest money-lending institutions in the United States — today revealed during a Congressional hearing that incomplete paperwork is a major reason that their progress has been delayed on the loan modifications front. Record-setting foreclosure ...
    1 week ago
  • Mortgage relief update on loan modifications progress … or lack thereof (Video)


    Foreclosure.com BlogAuthority Authority: 419
    1 week ago
  • Modifications are Failing…. (More on the Acronym Soup)


    BloodhoundBlogAuthority Authority: 500
    There’s a couple of interesting and yet disturbing points to this report from CNBC: over 2/3rds of the people who are currently in the trial period of loan modifications are not going to qualify for the permanent modifications.   Why?   A couple of likely possibilities:  1) They are too far upside down and ...
    1 week ago
  • Treasury: "Thousands of Borrowers" have received Permanent Modifications


    Calculated RiskAuthority Authority: 742
    From Bloomberg: Most Targeted for Mortgage Relief Don’t Qualify, Official Says A majority of the 3.2 million borrowers targeted by the U.S. Treasury Department for mortgage relief under the administration’s foreclosure prevention program are unlikely to qualify, an agency official said. ... Although we know ...
    1 week ago
  • 7 Factors – East Bay Real Estate 2010


    San Ramon Danville CA Real Estate BlogAuthority Authority: 121
    Critical Factors Influencing East Bay Real Estate in 2010Rising Interest RatesHigh End Price CorrectionSplit Market ContinuesFHA Rule ChangesHigh Levels of ForeclosuresNew Breed of InvestorTax Credit & Loan Modifications FailAccording to most of the pundits and professionals involved in real estate in ...
    1 week ago
  • Washington turns up heat on banks to bring down mortgage payments


    WalletPop BlogAuthority Authority: 695
    Filed under: Banks , Real Estate , Mortgages Theyve been summoned. The big banks and mortgage lenders that hold the key to loan modifications have been summoned to Washington for what is supposed to be some heavy duty arm twisting to get them to put pedal to the metal and bring down mortgage payments at a much ...
    1 week ago
  • A Failed Foreclosure Program


    OHOMEN171Authority Authority: 134
    Anatomy Of A Failed Foreclosure Program digg stumble reddit del.ico.us First Posted: 12- 7-09 06:09 PM | Updated: 12- 7-09 08:57 PM WHATS YOUR REACTION? Inspiring Greedy Typical Scary Outrageous Amazing Innovative Infuriating Read More: Barack ...
    1 week ago
  • Top 10 real estate posts of the day for 12/8/2009


    Hassle Free Phoenix Area Home SearchAuthority Authority: 131
    1) Crozet Tweetup – 10 December – Really? A local Tweetup as a top 10 real estate post of the day? No, not really. This post alone is probably not worthy, but I am putting this here to show real estate agents what a real local niche blog should be. I have close to 300 blogs in my RSS reader that I go through ...
    1 week ago

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