Loan Modification

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...

New Study on Mortgage Modifications
By Alan White I have just posted a paper on SSRN reporting on loan-level mortgage modification data from subprime mortgage servicer monthly reports. The gist is that voluntary mortgage modifications are not reducing principal debt, and are in fact increasing...

Hope Now Says Mortgage Modifications on the Rise
This year through October, mortgage servicers have provided 2.65 million modifications and repayment plans to homeowners, according to Hope Now. There have been 650,000 trial modifications implemented through the government’s program, but only about 1,700 permanent modifications as of early September, the latest figures made public...

Lies, Damned Lies and Statistics on Mortgage Modifications
It seems that every time you turn on the radio or television in Southwest Florida, all you hear is a new advertisement from a mortgage modification company and how many modifications are getting done and how good the banks are doing at saving homes...

New Proposal for Mortgage Modifications
Ed Morrison and two colleagues at Columbia b-school--Christopher Mayer and Tomasz Piskorski--have proposed a novel approach to facilitating mortgage modifications....

What Is Happening With Mortgage Modifications
The short answer to my question:  What Is Happening With Mortgage Modifications? NOT ENOUGH! Again and again, I keep saying, judicial mortgage modification, which was up in the House again last week, and lost, is the best solution the government can provide How are the government encouraged mortgage modifications going?  Are mortgage modifications working?  What effect is the [...

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

Home Mortgages
What to look for

National City Mortgage
$4.6 million payout resolves mortgage suit.

SunTrust Mortgage Faces Class Action over Alleged HAMP Breach of Contract
SunTrust Mortgage Faces Class Action over Mortgage Restructuring

Undetected Sewage Spill
Prichard Water Works and Sewer Board spends $17 million on upgrades and testing.

Technician Whistleblower
Jury orders DuPont Chambers Works to pay $1.224 million settlement to employee.

Seattle Mortgage Co Faces California Class Action
Seattle Mortgage Co Faces California Class Action

Bank of America Faces Class Action over Mortgage Foreclosure Practices
Bank of America Faces Class Action over Mortgage Foreclosure Practices