New program that will make it easier and faster for the most at-risk homeowners to modify their mortgages and stay in their homes. The “Streamlined Modification Plan,” or SMP, which is an expansion of what many lenders are already doing, will be implemented by December 15, 2008. The streamlined process will apply to at-risk borrowers who are 90 days or more late on their existing mortgages and whose loans are owned by Freddie Mac, FNMA or participating balance sheet lenders/servicers.
Posts Tagged ‘california’
Rodney’s Story is Changing Lives – OneCaboodle
Watch Rodney Brenneman tell his story and learn how OneCaboodle is helping families facing foreclosure.
Possible Second Wave of Foreclosures
There is a lot of talk among buyers about a possible second wave of foreclosures coming due to the number of adjustable rate mortgage resets that will come due in the next year. The following is an insightful article by Peter Hong of the Los Angeles Times on why that may not trigger a flood of foreclosures.
Our Foreclosure Mess Real Tales Of Foreclsoure
Our Mortgage Mess – Real People Abused By The Banks Stop Foreclosure today by reading these real plea’s of help from foreclosure victims. After you start reading and see the the requests for help coming in, it will become quite clear that the banks are playing tricks just to steal your home away
Avoiding Mortgage Prepayment Penalties by Partial Payment
I enjoy your blog very much and figured you would be a good person to ask this prepayment penalty question to.
IndyMac’s woes are a reflection of the financial industry’s persistent troubles
IndyMac’s woes are a reflection of the financial industry’s persistent troubles from the mortgage meltdown and the resulting credit crisis. Big Wall Street firms continue to record billions of dollars in losses on mortgage-related debt
Trumka: Showdown in Chicago
Campaign for America’s Future I’m going to Chicago next week for the American Bankers Association meeting. Oddly, I haven’t been invited to the Roaring ’20’s dance party I hear they’re having. Why wouldn’t they celebrate the era of wild money and hot times (which slid into the Great Depression)?
Sante and Kenny Kimes Story
When we think of grifters or con artists, what usually comes to mind is the romanticized version depicted in films like “The Sting,” or, more recently, “Catch Me If You Can.” Hollywood often paints a picture of the con artist as a modern-day hero. He swindles the rich and greedy, people who on some level we believe deserve to be swindled.
Maxine Waters takes on the Loan Modification Lenders for her constituents
Posted By: admin| 2009.10.24 911-Foreclosure brings you the latest news regarding loan modifications.