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 [...]
Entries Tagged as '"mortgage modification"'
Loan Servicers Get Proactive to Prevent Foreclosures
November 29th, 2008 · No Comments
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 [...]
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 [...]
