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A recent case provides some insight into the world of insurance obtained by subprime mortgage companies to back their mortgage backed securities. [read post]
9 Apr 2009, 8:06 am
This is a big problem as there will be no offset for the property value and New York does not appear to afford the same homestead protections as we have here. [read post]
10 Aug 2009, 6:17 am
Loan servicers are go-betweens who process mortgage payments submitted by homeowners on behalf of banks or investors (in securitized mortgages). [read post]
29 Jun 2018, 7:01 pm by Kendal Schoepfer
If you are extremely far behind on your mortgage payments, your Chapter 13 Plan Payments might be too much for you to afford. [read post]
10 Feb 2019, 5:42 am by Ray Garcia
The quandary is that most of us cannot afford to make a lump sum payment on this investment, and so we choose the seemingly more convenient alternative – a mortgage. [read post]
3 Oct 2022, 1:36 pm by David Reiss
This is a sharp drop from the 56.9% of homes sold in the first quarter that were affordable to median-income earners.One option to improve affordability, especially for those who lack good credit: Have mom and dad cosign the mortgage. [read post]
15 Jul 2014, 7:51 am by Taylor Gillan
[JURIST] Citigroup, Inc. on Monday agreed to pay $7 billion to settle a federal inquiry into mortgage-backed securities sold by the bank prior to the country's financial crisis. [read post]
20 Aug 2012, 1:02 am
Making All Homes Affordable, LLC (“MAHA”) and its owner Albert Figueroa, Phoenix, Arizona and La Paz Source, LLC, its owners, Maria Beltran and her husband, Francisco Ramos, Tucson, Arizona and their new operation La Placita Multi Services, LLC owned and operated by Beltran and an individual named Arturo Gomez Leon had lawsuits filed against them for selling mortgage modification services to distressed homeowners. [read post]
Both options can be taken without a new affordability check or affecting their credit score. [read post]
14 Jul 2009, 5:51 pm
To qualify for a Home Affordable Modification (Home Loan Modification) in Saginaw Michigan, you must satisfy the following criteria: You must be the owner/occupant of a one (1) to four (4) unit property; You must have an unpaid principal balance on your mortgage loan that is $729,750 or less for a single family home; Your loan must have originated before January 1, 2009; Your mortgage loan payment, including principal, interest, taxes, and insurance, has to greater than… [read post]
10 Aug 2009, 6:33 am
“A Bowie couple is suing Wells Fargo bank, alleging the bank should have known they could not afford the second mortgage they agreed to for their home. [...] [read post]
12 Oct 2009, 12:47 pm
Figures for lenders with more than 70,000 potentially eligible borrowers: Saxon Mortgage Services 41% CitiMortgage 33% Aurora Loan Services 33% JP Morgan Chase 27% GMAC Mortgage 26% Wells Fargo 20% Bank of America 11% OneWest Bank 5% Wachovia Mortgage 3% Litton Loan Servicing 2% American Home Mortgage Servicing Background on the Making Home Affordable program, including monthly lender data from July and August, is available on the Treasury Department… [read post]
9 Oct 2009, 7:12 am
As Whittier loan modification attorneys, we were disappointed to see a recent article exposing mortgage lender Wachovia as unwilling to even participate in the federal Making Home Affordable Program. [read post]
13 Oct 2009, 6:08 pm by Jonathan Alper
Why, clients asked, would the bank want their vacant property rather than whatever amounts of money the clients can afford to pay. [read post]
13 Oct 2009, 6:08 pm
Why, clients asked, would the bank want their vacant property rather than whatever amounts of money the clients can afford to pay. [read post]
14 Sep 2010, 2:47 pm by Peter N. Freiberg
 This program provides participating banks and mortgage servicers incentives to provide affordable mortgage loan modifications and other alternatives to foreclosure to eligible borrowers who are in danger of losing their homes. [read post]
1 Oct 2015, 7:49 pm by Sabrina I. Pacifici
CFPB – The Know Before You Owe mortgage disclosure rule makes getting a mortgage easier for homebuyers and refinancers. [read post]