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Bublick, Miami-Dade, Broward, and Palm Beach, Florida, Attorney at Law, Practice Limited to Bankruptcy Law, Member of the Florida Bar since 1983 [read post]
Moringielo has published an article, "Mortgage Modification, Equitable Subordination, and the Honest but Unfortunate Creditor" Jordan E. [read post]
Foreclosure crisis and abandoned homes contributes to Miami being rated 9th worst place to live in the USA, behind El Centro, California, Cleveland, Detroit, and Las Vegas Jordan E. [read post]
Bublick, Miami-Dade, Broward, and Palm Beach, Florida, Attorney at Law, Practice Limited to Bankruptcy Law, Member of the Florida Bar since 1983 [read post]
It is also reported that Wells Fargo has increasingly used principal reductions with option ARM mortgages, which it primarily acquired from Wachovia in 2008.Jordan E. [read post]
Once reemployed, the borrower would be evaluated for a modification under the federal government's Home Affordable Modification Program (HAMP).Jordan E. [read post]
This is in addition to the approximately 2,300 other lenders who service GSE loans (owned or guaranteed by Fannie Mae or Freddie Mac).The report relates the following steps made in the permanent mortgage modifications (by "waterfall steps") : 1. interest rate reduction (100% of mortgages), 2. term extension (43.2% of mortgages), and 3. principal forbearance (26.6% of mortgages).Jordan E. [read post]
The HAMP program began in March, 2009.Bank of America reportedly has more than 200,000 customers in HAMP trial modifications and started more than 34,000 new trial modification in December, 2009.Jordan E. [read post]
Bublick, Miami-Dade, Broward, and Palm Beach, Florida, Attorney at Law, Practice Limited to Bankruptcy Law, Member of the Florida Bar since 1983 [read post]
Today the House Financial Services Committee held a hearing on "The Private Sector and Government Response to the Mortgage Foreclosure Crisis".Jordan E. [read post]