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Entries Tagged as '"mortgage modification"'

Loan Servicers Get Proactive to Prevent Foreclosures

November 29th, 2008 · No Comments

Now, with the economy in full retreat and the jobless rate rising, borrowers and lenders in areas with previously marginal foreclosure rates are bracing for the worst.
As a result, the banking industry has taken pre-emptive measures to help borrowers. The best example is an initiative, announced this month, to help those who took out loans [...]

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Tags: "mortgage modification" · Avoiding Foreclosure

FDIC Seizes Downey Savings and Loan, PFF Bank and Trust, Community Bank of Loganville, Ga

November 21st, 2008 · No Comments

Breaking news from WashPost: Federal regulators seized three banks tonight, including Downey Savings and Loan Association, a large California mortgage lender, expanding what is by far the most expensive crop of bank failures in modern American history and indicating that the pace of failures is increasing.
The Federal Deposit Insurance Corp., which took control of the [...]

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Tags: "mortgage modification" · Foreclosure Information · Government Bailout

Should an Attorney Negotiate my Mortgage Modification?

November 21st, 2008 · No Comments

This was a recent Question asked to MarketWatch: What do you think of hiring a law firm to negotiate a loan modification? They charge $3,995 and say they have a 95% success rate. Do you think this is better than trying to do it on your own since so many people have so much trouble?
The [...]

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Tags: "mortgage modification" · Mortgage Scams