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 [...]
Entries Tagged as '"mortgage modification"'
FDIC Seizes Downey Savings and Loan, PFF Bank and Trust, Community Bank of Loganville, Ga
November 21st, 2008 · No Comments
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 [...]
Tags: "mortgage modification" · Mortgage Scams
Fannie Mae and Freddie Mac Halt Foreclosures through Jan 9, 2009.
November 20th, 2008 · No Comments
Mortgage giants Fannie Mae and Freddie Mac have directed their network of servicers to halt all foreclosure and eviction proceedings between Nov. 26 2008 and Jan. 9, 2009, meant to give a recently announced rescue plan time to work.
The Streamlined Modification Program, set to launch Dec. 15, enables delinquent borrowers to get a modified mortgage [...]
Tags: "mortgage modification" · Foreclosure Information · Government Bailout
