Project Lifeline, which allows extra time for lenders and borrowers to try to work out more affordable terms, was unveiled today. The program would let qualified homeowners who are at least 90 days late on their mortgage payments pause the foreclosure process for 30 days to figure out a way to modify the mortgage. “Project [...]
Entries Tagged as 'Mortgage Refinancing'
Project Lifeline Unveiled for Homeowners in Foreclosure
February 12th, 2008 · 1 Comment
Tags: Avoiding Foreclosure · Foreclosure Information · Mortgage Legislation · Mortgage Refinancing
Breaking: 6 Lenders to Announce Foreclosure Halt Plans on Tuesday
February 11th, 2008 · No Comments
According to the NY Times Bank of America, Citigroup, Countrywide Financial, JPMorgan Chase, Washington Mutual and Wells Fargo are expected to announce on Tuesday at the Treasury Department that they will offer both prime and subprime borrowers who are more than three months behind a chance to halt foreclosure proceedings for 30 days and work [...]
Tags: Avoiding Foreclosure · Mortgage Refinancing
Countrywide To Expand Its Foreclosure Help Program
February 11th, 2008 · 3 Comments
Countrywide under heavy pressure to help borrowers avoid foreclosure, announced an expanded program to help people with subprime mortgages stay in their homes. The program created by the largest U.S. mortgage lender and the Association of Community Organizations for Reform Now, or ACORN, comes as hundreds of thousands of borrowers nationwide face rising rates on [...]