Major national lenders have announced they are aggressively reworking mortgage loans to help homeowners remain in their homes. The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac loans, along with the HOPE NOW alliance of lenders, launched a “Streamlined Modification Plan” in December.
IndyMac Federal Bank also announced a systematic and streamlined loan modification program implemented by [...]
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Nation’s Major Banks Offering Loan Modification Packages
Pitfalls to Avoid during the Loan Modification Process
A Loan Modification is a valuable tool in helping homeowners get back on track with their loans and protect their homes from foreclosure, but often even after a loan modification people end up right back where they were, and sometimes even worse. In fact, more than half (55%) of loans modified in the first nine [...]
Posted in Loan Modifications Also tagged foreclosure, home loan, interest rates, Loan Modification, mortgage, mortgages, real estate, San Diego Foreclosure, San Diego real estate Leave a comment