News tagged with “loans modifications”. Found:
13 tagged news reports.
Your Search Returned 13 tagged news reports
Ilyce Glink: Why short sales and modifications take so long – and what to do about it
San Antonio :: FL :: USA | 5 days ago
Credibility
This is a short sale, and I understand that multiple lenders are involved...A: I'm sure that someone besides you wants this sale to work out — the seller! The problem is that each lender has to agree to the short sale, and lenders are drowning in non-performing...
Tags: short sales, loans modifications, Ilyce Glink, Treasury Department, San Antonio, Banking, Credit, Short sale, Foreclosure, Short, Mortgage, Finance, Real estate, Business Finance
Banks take back few foreclosures
Menlo Park :: CA :: USA | 13 days ago
Credibility Last month, the three stages of foreclosure activity were at the lowest monthly point since the start of the year, with 5,604 homes in some stage of foreclosure, said a RealtyTrac.com report to be released today. That's a 33.9 percent decrease from September,...
Tags: loans modifications, foreclosures notices, yr oct, Bay Area, owned properties, percent decrease, Daren Blomquist, trustee sales, foreclosures activity, modifications programs, Menlo Park, Foreclosure, Subprime lending, Mortgage, Real property law, Personal finance, Business Finance
More than 2,000 homes in federal mortgage modification program
Washington :: DC :: USA | 15 days ago
Credibility The Wichita Eagle The owners of 2,006 homes in Kansas are currently enrolled in the federal government's Making Home Affordable loan modification program, according to a monthly report issued Tuesday by the government. The number of homes in the program...
Federal Foreclosure Prevention Program Reaches Goal Early
Washington :: DC :: USA | about 1 month ago
Credibility Under the $75 billion government program, lenders are paid to lower borrowers' mortgage payments and the administration has said it will help up to 4 million borrowers before expiring in 2012. "We're very pleased to have reached this goal of half a million...
Tags: Obama Administration, Obama Mortgage Relief Program, loans modifications, mortgage modifications, monthly payments, goals early, foreclosures prevention, trial mortgage, lowering borrowers, month ahead
FTC considering ban on loan modification scams
Chicago :: IL :: USA | 2 months ago
Credibility The head of the Federal Trade Commission said Thursday the agency is considering banning upfront payments to companies that advertise help for borrowers who are in trouble on their home loans. Government officials say scammers seeking to take advantage...
Tags: Federal Trade Commission, loans modifications, upfront fees, attorney general, consider ban, ban ones, Chicago
Banks slow to modify mortgages, Treasury reports
Washington :: DC :: USA | 3 months ago
Credibility Only 9% of eligible home loans have been changed under the Obama program. BofA and Wells Fargo, which participated even less, say the report doesn't reflect modifications made outside the plan...Scott Reckard and Peter Hong August 5, 2009 Loans were...
Tags: Wells Fargo & Co., Bank of America Corp., mortgage payments, wellness fargo, modifying mortgage, struggling homeowner, federal program, list released, Treasury Department, loans modifications
Mortgage aid program helping fraction of borrowers
Washington :: DC :: USA | 3 months ago
Credibility The government's $50 billion program to ease the foreclosure crisis is helping only a tiny fraction of struggling homeowners. As of July, only 9 percent of eligible borrowers had seen their mortgage payments reduced. And a progress report on the plan...
Tags: consumer spending, Treasury Department, obama administration, use consumer, loans modifications, eligible borrowers, Obama, modifications program, offer helping, spending rose
Banks reluctant to modify home loans
Washington :: DC :: USA | 4 months ago
Credibility U.S. mortgage lenders have a narrow window of opportunity to modify loans to help troubled homeowners avoid foreclosure, market analysts said. Lenders are loath to modify loans for borrowers who fall behind but are willing to make adjustments on their...
Tags: mortgage companies, U.S, Treasury Department, Barack Obama, loans modifications
Government cracking down on mortgage scams
Washington :: DC :: USA | 7 months ago
Credibility Federal and state officials say they are cracking down on mortgage modification scams that target the Obama administration's efforts to make home loans more affordable. The Treasury Department says "criminal actors" are seeking to take advantage of the...
Tags: loans modifications, Obama, obama administration, federal government, foreclosures rescue, U.S, scams artists, help modify
Home Loan Defaults High Despite Modifications
Washington :: DC :: USA | 7 months ago
Credibility It finds that a growing number of homeowners are falling behind on their payments and that borrowers with prime mortgages, which traditionally are considered less risky, are a growing part of the problem. "It's higher than we have ever seen it, historically,...
Tags: Federal Housing Administration, FHA, U.S, Senate, Office of Thrift Supervision, loans modifications, thrifts supervision, prime mortgage, Florida, housing market
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