Loan Modification

Kurt Eggert Paper: What Prevents Loan Modifications
Kurt Eggert has written What Prevents Loan Modifications? 18 Housing Policy Debate No. 2. Here's the abstract: This comment describes the barriers to preventive servicing for securitized residential loans and assesses the importance of loan modifications, given the recent increases...

Why Mortgage Modifications may be better then Refinancing
Homeowners who can’t afford their mortgage payments can get a better deal from their lender. Loan modifications or mortgage modifications are designed to keep the homeowner in their homes though changing the terms of their existing mortgages to something more affordable for the homeowner...

Loan Modifications and PSA contract limits
One of the obstacles to preventing foreclosures through loan modifications has been the restrictions in securitization contracts. The pooling and servicing agreements ("PSAs") that create securitization trusts usually limit the servicer's authority to rewrite mortgage terms on behalf of the...

Impediments To Voluntary Loan Modifications
Contained in a recent report(1) issued by the Center For Responsible Lending (CRL) is a list of existing barriers that impede the effectiveness of voluntary mortgage loan modifications between loan servicers and financially strapped homeowners seeking relief from unaffordable house payments: Mortgage securitization: When servicing securitized loans, servicers are bound by the terms of contracts

FDIC Proposes Its Own Loan Mod Plan
Proving that Federal Deposit Insurance Corp. really has been at odds with Treasury over how to best perform loan modifications, the FDIC announced Friday its own proposed plan to encourage a “systematic and sustainable process” of loan modifications by offering incentives to servicers...

More On Forensic Loan Audits In Connection With Loan Modifications
A recent story in the San Francisco Chronicle contained the following excerpt describing how one company involved in the loan modification process operates:Nasim Pakmanesh, production manager at Help-U-Mod in Walnut Creek, said his company's business model is to provide "forensic loan audits" for $1,500, then to refer clients to affiliated attorneys who charge about $1,000 to pursue a loan

Truth In Lending Act
Consumer Loans and Consumer Credit Protection Act

The Mortgage Forgiveness Debt Relief Act
Phantom Income Relief on Debt Cancellation

Whats a Home Loan Modification?
How to Qualify for a Home Loan Modification

Hurricane Claims
State Farm Fire and Casualty Co. reaches settlement deal with Mississippi Attorney General Jim Hood.

State Street Corporation 401(k) / ERISA Stock Fraud
State Street Corporation 401(k) / ERISA Stock Fraud

State Street Corporation 401(k) / ERISA Stock Fraud
State Street Corporation 401(k) / ERISA Stock Fraud

State Street Corporation
NYSE:STT

Wells Fargo Faces Loan Discrimination Class Action
Wells Fargo Faces Loan Discrimination Class Action

Aurora Loan Faces Class Action over Mortgage Review Services
Aurora Loan Faces Class Action over Mortgage Review Services