By Susan V. Gregory Homeowners facing financial hardship may qualify for help on their second mortgages with the federal loan modification plan enacted by President Obama. The very aggressive loan workout program is aimed at reducing mortgage payments so that borrowers can avoid foreclosure and stay in their homes. This plan is extended to include [...]
by dane After falling for the last 2 months 30 year mortgage rates jumped up this week. The 30 year mortgage went from 5.10 to 5.25. This is the highest we have seen December 11, 2008. The 15 year mortgage moved up as well from 4.80 to 4.92. Below are rates for the last few [...]
With Detailed Program Requirements, Servicers Can Now Begin `Making Home Affordable’ Loan Modifications Extensive Borrower Outreach Efforts Underway Washington, DC The Obama Administration today announced new U.S. Department of the Treasury guidelines to enable servicers to begin modifications of eligible mortgages under the Administration’s Homeowner Affordability and Stability Plan announced by President Barack Obama just [...]
By Stephen Sandecki A plaintiff in a lawsuit can go through one of the hardest financial times ever in their life; this is especially true with injury or accident lawsuits. During the time of the lawsuit the plaintiff is usually unable to work due to injuries related to injury or the accident. This removes part [...]
Who are the people that are defaulting on their mortgages? which companies (industries) are involved in this? Additionally does this go on in some regions more than in others? what effects does it have on the economy and our daily lives? what can be done to prevent further morgage defaults and fix the tumbling economy? [...]