Mortgage Foreclosure & Refinance Resource

About a month after Washington Mutual Bank made a multimillion-dollar mortgage loan on a mountain home near Santa Barbara, Calif., a crucial piece of paperwork disappeared. But bank officials were unperturbed. After conducting a “due and diligent search,” an assistant vice president simply drew up an affidavit stating that the paperwork — a promissory note [...]

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JPMorgan Chase & Co. on Friday became the latest major bank to beef up its mortgage modification efforts as the government also considers a plan to help homeowners avoid foreclosure. JPMorgan’s expanded program aims to help avoid foreclosures on an estimated $70 billion in loans, which could help as many as 400,000 customers. The New [...]

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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 [...]

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