They’re still here – companies wanting to take advantage of people looking to modify their mortgage and/or may be facing foreclosure.  While speaking to my friend in the mortgage industry last week, I realized that we haven’t addressed this topic in a while.  And it’s an important topic.
WHAT IT IS
Companies that advertise “Stop Foreclosure Now”, [...]

We wrote about the affects of loan modifications and credit scores on May 18th; you can read the full article here.  As the government programs continue to progress and more consumers try to use them, additional information and some results are coming forth.
On July 17, 2009, Alexis Leondis with Bloomberg.com wrote an article about a [...]

The lending industry has been through huge changes and continues to evolve.  It seems that the media gets a headline and promotes mortgage news even before the guidelines are put into place.  It can be confusing and overwhelming.   
To shed some light on current lending guidelines and the $8000 tax credit, we spoke with Kathryn Welch, [...]

What will a loan modification do to credit scores?  As one of the latest trends in the housing and mortgage industry continues to unfold, we are fielding many questions about it. 
WHAT IS A LOAN MODIFICATION? According to HUD (Housing and Urban Development) a Loan Modification is a permanent change in one or more of the [...]

   We are seeing an increase in the number of people with questions about foreclosures, short sales, and loan modifications.  This is a complex issue, and a very personal one for those facing the possibility of losing their home. 
There are credit consequences to a foreclosure; however, this article is about the growing number of [...]

   Each week brings news on the nation’s housing market, foreclosure statistics and lending info.  The White House recently announced a new website for homeowners to find out if they are eligible to qualify for a loan modification or refinancing.  To use the refinance portion, the mortgage must be owned by Fannie Mae or Freddie [...]