The number of California properties entering the foreclosure process declined again during fourth quarter 2009 as loan modification plans increased. There are mixed signals for 2010: It’s unclear how much of the drop in loan defaults is due to shifting market conditions, and how much is the result of changing home foreclosure policies among mortgage lenders and [...]
Kelly Media Group recently announced a promotion for loan modification companies seeking direct mail services. The company said they would include free outbound dialing and voice broadcasting to companies that committ to a direct mail campaign with Kelly Media Group. KMG offers multiple advertising solutions to brand your company in the mortgage, loss mitigation, real estate [...]
Borrowers who receive a mortgage loan modification that reduce loan balances and not simply interest rates are far less likely to re-default on their loans, according to a new study from the Federal Reserve Bank of New York. Mortgage refinancing activity has surged in recent months, but not many applicants qualify for a refinance loan. [...]
