How to Get a Free Copy of My Credit Report Fair and Accurate Credit Transactions Act (FACTA ) was a law passed by the US Congress in 2004. This act allows consumers to request and obtain a free credit report …
Private Mortgage Insurers leading the way in housing recovery One of the earliest indicators of the housing meltdown which began in 2007 was that issuers of Private Mortgage Insurance (PMI) began to contract their underwriting guidelines for issuing PMI …
Private Mortgage Insurance helps lead the way in the Housing Recovery Read more »
One possible enhancement to HARP known as HARP 3.0 is pushing forward the eligibility date from Ma31, 2009 to 2010. Some experts suggest that there are between 27 and 43 billion dollars’ worth of unpaid principal loan balances that could benefit from such a move.
… the economy, particularly the housing sector, continues to be a drag on the US economy. As a result, investors who once gladly would make a loan secured against a manufactured home, now won’t even consider it. Because of this, many otherwise very well qualified homeowners and would be home buyers have found that access to credit has been shut off.
Financially savvy homeowners are taking advantage of today’s low rates to not only reduce their interest rate, but to also shorten the length of time remaining to pay off their home.
Loss up to $10,000 can be processed at your local SunTrust branch. Losses in excess of $10,000 require special handling.
Several months ago I wrote a post titled “Bank of America Accepted Short Sale – but they say you still owe”. If you read the post, then you know that my post was prompted not only by my own personal …
Bank of America cares about its customers…No really, they do. Read more »
Today the federal government announced new rules that may allow homeowners who are struggling borrowers to refinance their mortgages at today’s ultra-low rates by reducing monthly payments for some homeowners. The goal is that the monthly savings could provide a …
Important Changes to Home Affordable Refinance Program (HARP) Read more »
Obama: “Subprime lending immoral, not illegal” http://ow.ly/6PE2P Today the president took a question from a reporter who asked him why his administration had failed to file suit or enforcement action against corporate leaders for the 2008 financial crisis that ultimately led to numerous bank, insurance, …
The complaint was filed on behalf of homeowners who pursued mortgage loan modifications with SunTrust and alleges that Defendants violated consumer protection laws and breached contracts and other duties by, among other things:Taking advantage of mortgagors’ defaults;Promising modification and forbearance, soliciting modification applications, and representing that certain written materials are part of the modification process; …