Archive for loan mods
Bank of America Freddie Mac and Fannie Mae Denials for Modification Sent Out In Error due to ‘System’ Mistake
Letters have been going out erroneously to borrowers with Bank of America letterhead stating the following: Bank of America, N.A. 5401 N Beach St TX2-977-01-34 Forth Worth, TX 76137 borrower… Read more
Principal Reductions and Loan Modification without Hardship Requirements
Mr. DeMarco, who is the head of the FHFA and is a Republican, sees such a large moral danger in people cheating by going late on their mortgage to get a principal reduction and applying for a loan… Read more
Free HARP 2.0 Class: Your Questions Answered
So, Here’s what we did…We asked MortgageCurrentcy fans “What do you want to know about HARP 2.0?” It’s now posted on our website — and it’s FREE! If you have other… Read more
“What Ronald Reagan said about the federal government…” (Mtg. Regs Update)
I’m sure that at some point in your life, you’ve heard the three biggest lies in the world…. “Your check is in the mail.” Or: “I promise I’ll respect you in the morning.” And as… Read more
Promoting Housing Recovery: Parts I and II
Previously, I have posted articles regarding housing and foreclosure issues. The purpose was to begin a dialogue on the steps to be taken to alleviate the foreclosure crisis, and to promote housing… Read more
Resolving The Foreclosure Crisis
Previously, I posted an article which discussed stresses upon the housing market, current and future, and how the stresses were going to interplay with the housing recovery. Items were discussed in… Read more
Loan Modification & the Comprehensive Homeowner Financial Recovery Program – The New Paradigm
In Feb 2010, I authored an article for ML-Implode titled “HAMP=Foreclosure” that was well received. The article dealt with the effectiveness of HAMP, and revealed issues with HAMP that would… Read more
HAMP = Foreclosure
Over the last year, I have been watching the HAMP modification program with great interest. I have wanted to believe that the Federal Government would actually put into place a loan modification… Read more
