Archive for Loan Modifications
California Loan Defaults Decrease
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 [...]
Mortgage Refinancing Activity Rising as Loan Modifications Redefault
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. [...]
Loan Modification TV Advertising
Loan modification leads remain one of the hottest in lead products in the lead generation industry! Kelly Media provides an exclusive direct response TV advertising program that will generate the leads from homeowners ready to contract your services.
Kelly Media Lead Generation Offers:
o Motivated customers who are interested in modifying their mortgages
o These homeowners are generated [...]
Foreclosure and the Effects of Mortgage Modifications
A new study shows why mortgage modifications are more difficult than the Government has led you to believe. Obama administration entered office earlier this year, touting a foreclosure rescue program with federally backed mortgage relief. Even so, none of these loan mod programs has quite lived up to the President’s promise.
Video on Mortgage Modification [...]
Fannie Mae Reports Spike in Delinquent Home Loans
Fannie Mae reported a significant increase in the percentage of home mortgages with delinquent mortgage payments. The government-backed home loan investor said in a monthly summary released Monday that 3.42% of the 1-family home loans it owns or guarantees were 90 days or more delinquent in April, up from 3.15% a month before. Fannie’s main rival, Freddie [...]
Lead Planet Matches Lending Tree with Live Transfers
The Lead Planet recently announced enhanced lead generation for loan modification, FHA leads and debt settlement with their live transfer technology that provided click to call leads online and press one leads from strategic voice broadcasting solutions. Recently the Lending Tree also announced several new mortgage lending tools for participating members of their Mortgage Lender Exchange. [...]
Loan Modification Leads
What do loss mitigation law firms and former mortgage brokers focusing on foreclosure prevention need?
Loan modification leads – Sales leads are always important to help businesses grow, but when an industry gets hit like the mortgage industry did recently, leads have become more important than ever.
Loan modification leads are available from companies like [...]
VA Loan Modifications
In a recent article on Military Home Loan Financing, we saw the underscore that many Vets do not qualify for VA refinancing and that loan modification options may be the best alternative for affordable home financing. Many VA borrowers run into road-blocks for VA streamline and qualifying for traditional home refinancing products.
Borrowers who paid [...]
FHA Considers Regulatory Changes with Mortgage Relief Homeowners
The Obama administration is working on regulatory changes to enable FHA to offer loan modifications to homeowners faced with “more than just temporary” losses in income, a senior U.S. housing official testified Tuesday to a U.S. House panel. The Department of Housing and Urban Development is also requesting authority to allow the FHA to [...]
California Loan Modifications
Former mortgage executive Bryan Dornan discusses the foreclosure crisis and the growing demand for California loan modifications with residents getting access to low rate mortgage relief from attorney backed loss mitigation firms.
Watch Loan Modification Buzz Video Profiling California Housing Concerns
Loan Modification Buzz talks with home financing experts, Jason Cardiff and Jeff Morris on loan [...]
Loan Modification Programs, Mortgage Lenders Negotiate
The Loan Modification Buzz offers the innovative loan modification videos and the latest mortgage news for loan modifications to bad credit borrowers. Save money with historic low interest rates that make mortgage relief more appealing.
Watch the Loan Modification Programs Video for Lender Negotiating
Loan Modification Buzz sits down with mortgage legend, Jeff Morris to get [...]
Loan Modification Interview with Mortgage Legend
Loan Modification Buzz sits down with mortgage legend, Jeff Morris to get up to speed on mortgage loan modification guidelines from the most popular lenders like, BofA Chase, Citi Mortgage, Countrywide, Wachovia, WAMU and Wells Fargo. Former mortgage brokers, Bryan Dornan and Jeff Morris talk about the timelines for loan modifications and what to expect [...]
Mortgage Loan Modifications Now Tax-Free for Many Homeowners
Homeowners whose mortgage debt was partly or entirely forgiven during 2007 may be able to claim special tax relief by filling out newly-revised Form 982 and attaching it to their 2007 federal income tax return, according to the Internal Revenue Service.
Normally, debt forgiveness results in taxable income. But under the Mortgage Forgiveness Debt Relief Act [...]
18% of Home Loans Underwater with Negative Equity
Analyzing public deeds of trust filed in county court houses and comparing home prices to its own automated valuation models, First American CoreLogic found that 18% of all residential properties with an outstanding mortgage in the U.S. have negative equity where the home is worth less than underlying loan amount.
“In total, 7.5 million home [...]
Loan Modification Fees
The fact that most families believe loan modification applications cost a lot of money makes them stay away from applying for one because if they are not approved, they end up losing money and in more debt prior to completing the application.
While it’s true that certain home financing companies charge homeowners quite a bit of [...]
Loan Modification Conference Call
Listen to a recent conference call with attorney backed loan modification company executives. Take advantage of these mortgage modification secrets for loan workouts and mortgage relief that can help stop foreclosure and lower your monthly home loan payment.
Homeowners can remain in their house because mortgage lenders don’t want to take your home. That’s why [...]
Schwarzenegger Mortgage Bill Legendary for California Loan Modifications
Mortgage lenders are now required to call California homeowners or visit them in person and explore restructuring mortgages with loan modification options before foreclosing on their homes under legislation signed recently by Governor Arnold Schwarzenegger. The new foreclosure prevention law also doubles the amount of time tenants have to relocate from a foreclosed property to sixty [...]
Jason Cardiff on Loan Modification Tips
Mortgage relief has been around for years, but the recent events in our economy and the FDIC endorsement created a new mortgage product called a loan modification. These mortgage loan modifications have become the best alternative for homeowners who do not qualify to refinance their mortgage.
The little secret, Jason Cardiff the lenders don’t want [...]
Foreclosure Data Suggests that Loan Modifications May Be Softening Default Rates
According to Foreclosure News, a recent reports indicated that over 2.3 million homeowners nationally, have lost their property to foreclosure since the housing bubble bursted a few years ago – and the crisis may have just begun, says home financing analyst Josh Emmons. “Many distressed homeowners are finding mortgage relief with discounted mortgage payments based on [...]
US Mortgage Foreclosure Filings Rise 81% in 2008
Today the annual foreclosure report announced that 2.3 million American homeowners faced mortgage foreclosure proceedings last year, an 81 % increase from 2007, with the worst yet to come as consumers grapple with layoffs, shrinking investment portfolios and falling home prices. Nationwide, more than 860,000 properties were actually taken back by mortgage lender in REO’s that more [...]
