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14 Feb 2012, 8:22 am
Despite the fact that the government is touting the extension of the Home Affordable Mortgage Program (HAMP), the move is likely to have little effect in terms of slowing Miami foreclosures or helping struggling homeowners. [read post]
Many families are headed by single women who do not have an option not to return to work, and most two-parent families cannot afford to give up a dual income. [read post]
20 May 2009, 3:44 pm
In response to the mortgage crisis, the Obama administration introduced the Making Home Affordable program, which provides free mortgage counseling to consumers who are worried about losing their homes. [read post]
9 Oct 2008, 12:32 am
Homeowners who qualify may be able to refinance their currently unaffordable variable rate mortgages into affordable 30-year fixed rate mortgages insured by the Federal Housing Administration (FHA), provided their lenders agree to accept the terms of this new program. [read post]
20 Feb 2009, 11:04 am
(For instance, if your home is worth $300,000, you can't qualify if you owe more than $315,000.)If you have a second mortgage, the mortgage holder voluntarily agrees to continue to play second fiddle (which may be a hard sell). [read post]
5 May 2009, 8:00 am by John Corcoran
AB 260 (currently pending in the Assembly) would create a fiduciary duty between mortgage brokers and their clients, meaning possible legal consequences if borrowers are given loans that they can't afford. [read post]
5 May 2009, 8:00 am by John Corcoran
AB 260 (currently pending in the Assembly) would create a fiduciary duty between mortgage brokers and their clients, meaning possible legal consequences if borrowers are given loans that they can't afford. [read post]
4 Mar 2019, 3:56 pm by Alison Epperson
Housing and Urban Development (HUD) Secretary Ben Carson announced a significant expansion of a Federal Housing Administration (FHA) pilot program that streamlines FHA mortgage insurance applications for affordable housing developments that have equity from the sale of Low-Income Housing Tax Credit (LIHTC) Program, the nation’s primary source of affordable housing production. [read post]
31 Mar 2009, 6:22 am
Addressing the growing wave of loan modification services that promise but don’t deliver assistance to  homeowners burdened by mortgage payments they can no longer afford,   the California Attorney General promised in hearings held in Southern California to aggressively target these companies especially those advertising on television. [read post]
22 Dec 2021, 11:34 am by John L. Culhane, Jr. and Anthony C. Kaye
In addition to taking steps to ensure compliance with federal law, landlords/property management companies and mortgage servicers should also check with counsel regarding state law protections for servicemembers that can be greater than the protections afforded under federal law. [read post]
23 May 2011, 7:30 am by Nicole Kellner-Swick
  Second Mortgages are not covered under this Directive. [read post]
4 Oct 2007, 12:19 pm
ASIC has obtained orders in the Federal Court of Australia against Canberra-based mortgage broker, Tonadale Pty Ltd (trading as ACT Mortgages) following allegations of unconscionable, misleading and deceptive conduct in relation to the arrangement of low-documentation (low-doc) loans. [read post]
2 Sep 2009, 2:54 pm by Bruce Redman
Effective July 5, 2009, Michigan’s foreclosure by advertisement statute was amended to afford greater relief to homeowners. [read post]
6 Aug 2008, 12:00 pm
 Selling property and dividing proceeds was a good option for couples where neither could afford to stay in the house alone. [read post]
17 Nov 2010, 11:00 am by Craig Robins
  Related posts:Bankruptcy Issues Involving HAMP (Home Affordable Modification Program) — Part One  Written by Craig D. [read post]
12 Jan 2010, 2:24 pm by John Watts & M. Stan Herring
Paulson Jr. declared that “any homeowner who can afford his mortgage payment but chooses to walk away from an underwater property is simply a speculator — and one who is not honoring his obligation. [read post]
25 Apr 2010, 12:55 am
The current number of permanent loan changes through the government's Home Affordable Modification Program (HAMP) seems to agree with Swonk's rationale. [read post]
Meanwhile, you can look for a modification program to totally restructure your home loan to something you can afford. [read post]
22 Sep 2022, 10:06 am by Leonard L. Gordon and Joshua Nace
Specifically, the agencies allege that the defendants represented to consumers that, in exchange for up-front payments, they would negotiate with consumers’ mortgage companies to lower interest rates and/or principal amounts to make mortgage payments more affordable. [read post]