Tag Archives: loan modification
BofA settlement: What’s in it for you?
Bank of America reached a $17 billion agreement with federal regulators over faulty mortgages. What’s in it for you? Continue reading
Borrowers get $2.5B from Citi
About $2.5 billion of Citi’s $7 billion settlement will go to consumers Continue reading
Loan mods with no paperwork
Will hassle-free loan modifications finally help some borrowers? Continue reading
Why banks prefer their own loan mods
Only a fraction of the loan modifications completed in 2012 were through the government’s HAMP Continue reading
Were big banks ‘stealing homes’?
Forget for the time being all the Three Stooges document-fumbling surrounding the housing collapse. Set aside the obvious malfeasance of robosigning and rocket dockets.
The question on the table now is, were America’s largest mortgage lenders stealing … Continue reading
Were big banks ’stealing homes’?
Forget for the time being all the Three Stooges document-fumbling surrounding the housing collapse. Set aside the obvious malfeasance of robosigning and rocket dockets.
The question on the table now is, were America’s largest mortgage lenders stealing … Continue reading
A bank against foreclosures
Banks can work with borrowers, help them avoid foreclosure and remain profitable.
That’s a lesson large lenders should learn from Webster Financial Corp., a regional bank based in Waterbury, Conn. The bank, which services $8 billion in mortgages and ho… Continue reading
HAMP NPV website debuts
Two federal government agencies have unveiled a website that allows homeowners who are struggling with their mortgage payments to run their own net present value (NPV) tests.
These calculations, which use dozens of inputs to compute the NPV of a house … Continue reading
Computer approves loan mods
First, there was “robosigning.” Now, there is IntelliMods.
The name might sound like science fiction, but, in fact, IntelliMods is a new Web-based computer application that purports to help loan servicers decide whether to approve borrowers’ requests f… Continue reading
Congressmen aim to kill HAMP
The debate over the success or failure of the federal government’s Home Affordable Mortgage Program, or HAMP, entered a new phase two weeks ago, when Rep. Jim Jordan, R-Ohio, introduced a bill that would all but eliminate the entire program.
The bill, … Continue reading