Loan Modification News

Realtor: Banks have no incentive to avoid foreclosure
Yuma Sun
BY DARREN DARONCO - SUN STAFF WRITER In 2009, President Barack Obama unveiled a loan modification program designed to help struggling homeowners restructure their mortgages and keep their homes. But after nearly three years and billions of dollars ...

Homes, Not Tents, For Occupy Bernal: Feisty San Francisco Neighborhood Fights ...
Huffington Post
In contrast to Wells Fargo's bailout success, German applied twice for a loan modification under the Home Affordable Mortgage Program (HAMP) mandated by the US Treasury as a response to the home mortgage loan crisis. Wachovia/Wells Fargo denied the ...

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Homes, Not Tents, For Occupy Bernal: Feisty San Francisco Neighborhood Fights ...
Huffington Post (blog)
In contrast to Wells Fargo's bailout success, German applied twice for a loan modification under the Home Affordable Mortgage Program (HAMP) mandated by the US Treasury as a response to the home mortgage loan crisis. Wachovia/Wells Fargo denied the ...

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Loan Modification Short Sale and Foreclosure Tax Consequences
Sacramento Bee
3, 2012 -- /PRNewswire/ -- Indicating most homeowners awaiting loan modification approval and contemplating short sale or foreclosure are not aware of all consequences with regard to their decision, San Diego short sale realtor Joy Bender has launched ...

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California's Solo Mortgage Probe Complicated by 2008 Deal
BusinessWeek
The agreement requires the bank to meet a quota of loan modifications, the person said. Bank of America may be overstating its compliance by taking credit for modifications on loans even though it later sought foreclosure against those homeowners when ...

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Fox News
Attorney General Martha Coakley tells Fannie Mae and Freddie Mac to reduce ...
Boston.com
“Fannie Mae and Freddie Mac should be a leader in the arena of loan modification best practices, not an obstruction,” Coakley wrote in the letter dated Feb. 2, adding that the companies “should change course to serve both their own interests and those ...
Coakley urges Fannie, Freddie to do more on foreclosuresBoston Globe
Newest mortgage modification program dumb as ever: no cool acronym eitherRenewAmerica
Taxpayer-Funded Freddie Mac Caught Betting Billions …Democracy Now
Huffington Post -Center For American Progress -Wall Street Journal (blog)
all 413 news articles »

A Face Of The Latino Foreclosure Crisis (VIDEO)
Huffington Post (blog)
Cristina and her husband applied for a loan modification through President Obama's program. They didn't qualify. Obama's new plan is to give "every responsible homeowner the chance to save about $3000 a year on their mortgage, by refinancing at ...

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Press TV
How "Occupy Our Homes" Can Win
Huffington Post (blog)
"It's hard to take five people doing loan modifications and bring them together in one fight because their situations are so different. There are all these different types of horror stories with loan modification. Instead of making demands on the banks ...
A homeowner who fought foreclosure and wonKansas City Star
Activists Protest at Bank of America BranchLoanSafe

all 23 news articles »

California's 2008 BofA Deal May Force Signing of National Mortgage Accord
Bloomberg
Loan Modifications The agreement requires the bank to meet a quota of loan modifications, the person said. Bank of America may be overstating its compliance by taking credit for modifications on loans even though it later sought foreclosure against ...

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Loan Modification Short Sale and Foreclosure Tax Consequences
MarketWatch (press release)
3, 2012 /PRNewswire via COMTEX/ -- Indicating most homeowners awaiting loan modification approval and contemplating short sale or foreclosure are not aware of all consequences with regard to their decision, San Diego short sale realtor Joy Bender has ...

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Loan Modification Short Sale and Foreclosure Tax Consequences
eReleases (press release)
3, 2012 — Indicating most homeowners awaiting loan modification approval and contemplating short sale or foreclosure are not aware of all consequences with regard to their decision, San Diego short sale realtor Joy Bender has launched a campaign to ...

Change.org
Sallie Mae will credit $50 fee to suspend payments on student loans
HeraldNet
Sallie Mae says that only 4 percent of its loans are in forbearance and that the vast majority of those borrowers eventually begin repaying their loans. The company also notes that it encourages borrowers to first consider a modified payment plan, ...
Sallie Mae will credit $50 fee to suspend paymentsCBS News

all 191 news articles »

Feds Expand Mortgage Loan Modification Eligibility Under HARP
DigitalJournal.com (press release)
Due to the economic struggles of the past few years, a variety of loan modification strategies have emerged to keep people in their homes despite financial challenges. For families or individuals whose mortgage obligations significantly exceed the ...

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Newest mortgage modification program dumb as ever: no cool acronym either
RenewAmerica
This latest loan modification program, yet to be approved by the House, and.... I guess yet to get a clever acronym, as I do not believe I have heard it yet, just purports to write down every Fannie and Freddie mortgage. But not the others, huh?

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abc7news.com
NACA event holds hope for homeowners
abc7news.com
One thousand homeowners standing in line over night, 5000 waiting in the bleachers for their turn to sit in front of their banker and ask for a loan modification. "If it wasn't for NACA we would be out on the streets right now," Moses Kafusi said.

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California's Solo Mortgage Probe May Be Hamstrung by 2008 Deal
BusinessWeek
The agreement requires the bank to meet a quota of loan modifications, the person said. Bank of America may be overstating its compliance by taking credit for modifications on loans even though it later sought foreclosure against those homeowners when ...

and more »

Change.org
Sallie Mae will credit $50 fee to suspend loan payments
Washington Post
Sallie Mae says that only 4 percent of its loans are in forbearance and that the vast majority of those borrowers eventually begin repaying their loans. The company also notes that it encourages borrowers to first consider a modified payment plan, ...
Sallie Mae will credit $50 fee to suspend paymentsCBS News

all 193 news articles »

PR Web
Home loan workshop offered by Wells Fargo
Modesto Bee
Walk-ins are welcome, but it is strongly recommended that participants register at www.wfhmevents.com/ leadingthewayhome by Monday. About 100 Wells Fargo specialists will be available to assist consumers. Options include Wells Fargo's loan-modification ...
Wells Fargo Bank Commits up to $250000 for ClearPoint Credit Counseling ...PR Web (press release)

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Center For American Progress
Rewarding Homeowners for Good Behavior
Center For American Progress
Many borrowers are trying in good faith to keep up with their payments but are too underwater to afford their loan even at today's interest rates. That's where HAMP modifications come in. In reforming HAMP the administration was wise to focus on ...
Fannie Mae See's Big Boost in Loan Modifications in DecemberLoanRateUpdate (press release)
Taxpayer-Funded Freddie Mac Caught Betting Billions …Democracy Now
Marine Fights Freddie Mac to Save His HomeHuffington Post
Smartmoney.com (blog) -New York Times -ABC News (blog)
all 365 news articles »

Press TV
A homeowner who fought foreclosure and won
Kansas City Star
The ordeal isn't over yet. The eviction was stopped and Bank of America canceled the foreclosure because of the possibility that the loan would be modified to make it more affordable. But Mena continues to negotiate with the bank over loan terms.
Activists protest at Bank of America branchDetroit Free Press
How "Occupy Our Homes" Can Wintruthout

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