Record low interest rates on home loans are finally getting the attention of new home buyers who may have been on the sidelines in recent years waiting for signs of the housing recovery. Earlier this week, FICO released a new report showing the affects of credit line reductions. The credit score study measured the credit [...]
The NAACP, contending that several major mortgage lenders forced African Americans into bad mortgages that sparked a foreclosure crisis, filed a class-action suit last week in a Los Angeles court. Among the culprits, says the nation’s largest and oldest civil rights organization, are Wells Fargo and HSBC, which steered Blacks into bad credit mortgage loans, even in cases when [...]
Housing industry researchers say the U.S. Treasury Department’s $75 billion “Making Home Affordable” plan likely will help a host of borrowers wounded by rising unemployment rates, high levels of credit card debt and diminished property values nationally.
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John Berlau on Obama’s Mortgage Rescue Plan
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Homeowners who aren’t behind on house payments, but who have suffered financial hardship [...]
Home Loan Relief with Federal Loan Modification Programs
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The Loan Modification Outlet provides mortgage relief with loss mitigation opportunities with negotiated loan workouts that will lower the interest rate on your existing home mortgage. Let LMO help you negotiate an affordable mortgage payment with companies like Bank of America, Countrywide, Citi Bank, Chase, WAMU and Wells Fargo. We [...]
