The FDIC gave the loan modification a nice marketing boost by sending out loan modification offers to 25,000 borrowers with IndyMac mortgages. That landed a lot of headlines and even more homeowners wondering where their good deal is. Fortunately, this is not an original idea or reserved for banks in receivership. It is […]
Entries Tagged as 'Avoiding Foreclosure'
Can’t Refinance your mortgage? Try to a Loan Modification
August 29th, 2008 · No Comments
Tags: Avoiding Foreclosure
Housing Recovery Act Depends on Banks to Refinance Mortgages
August 16th, 2008 · No Comments
First-time homebuyers, veterans, senior citizens and delinquent mortgage holders may benefit from the newly enacted housing bill. How well it will work may depend on regulators and your bank.
The Housing and Economic Recovery Act, intended to stem home foreclosures and spark sales, offers first-time buyers a tax credit of up to $7,500. It also extends […]
Tags: Avoiding Foreclosure · Mortgage Legislation
Bush signs housing bill to provide mortgage relief
July 30th, 2008 · No Comments
President Bush on Wednesday signed a massive housing bill intended to provide mortgage relief for 400,000 struggling homeowners and stabilize financial markets.
Bush signed the bill without any fanfare or signing ceremony, affixing his signature to the measure he once threatened to veto, in the Oval Office in the early morning hours. He was surrounded by […]