loan modification companies latest news


A Wells Fargo Loan Modification Victim Speaks Out In Protest - Examiner.com


A Wells Fargo Loan Modification Victim Speaks Out In Protest
Examiner.com
Among the glaring irregularities that have been uncovered is the fact that on her loan application, the mortgage company at the time, Arrow Mortgage, claimed that the family had $2.5 million in liquid assets, when in reality they had $26000 before they ...

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Sallie Mae will credit $50 fee to suspend loan payments - Washington Post


Sallie Mae will credit $50 fee to suspend loan payments
Washington Post
Sallie Mae isn't cancelling the $50 fee, but said it will now apply the money toward the borrower's loan balance if on-time payments are resumed for six months in a row. The change came after an online petition asking the company to drop the fee ...

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Better Business Bureau:Superbowl tickets - Victoria Advocate


Better Business Bureau:Superbowl tickets
Victoria Advocate
Disreputable loan modification companies often prey on those already down on their luck. Some companies, like National Auditing, offer forensic audits, which the Federal Trade Commission has warned does not help lower payments.


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Coakley urges Fannie, Freddie to do more on foreclosures - Boston Globe


Boston Globe

Coakley urges Fannie, Freddie to do more on foreclosures
Boston Globe
“Fannie and Freddie's inability to achieve loan modifications generally, and unwillingness to engage in principal write-downs specifically, is so troubling,'' Coakley wrote in the letter released today. She added that the two mortgage companies, ...
Attorney General Martha Coakley tells Fannie Mae and Freddie Mac to reduce ...Boston.com
Treasury Investigates Freddie Mac InvestmentNew York Times
Why Fannie and Freddie are Hesitating to Help HomeownersProPublica
Democracy Now -Wall Street Journal (blog) -eNews Park Forest
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HAMP Loan Program Expands, Too Little Too Late - Huffington Post


Chicago Tribune

HAMP Loan Program Expands, Too Little Too Late
Huffington Post
Under new guidelines for the Home Affordable Modification Program, more borrowers will be eligible. The government will also encourage mortgage companies to forgive chunks of the debt borrowers owe, according to a statement Friday by the Treasury ...
Home-Aid Program ExpandedWall Street Journal
White House expands foreclosure prevention programMarketWatch

all 173 news articles »

More about HAMP Loan Program Expands, Too Little Too Late - Huffington Post
Address the mortgage issue - Mail Tribune


Address the mortgage issue
Mail Tribune
Lenders often sell their home loans soon after they're signed, retaining only their role as mortgage servicing companies. The lenders' disincentive to proceed with foreclosures has been weakened, sometimes to the point at which there's more money to be ...

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Geithner: Systemically Risky Firms to Be Named - Bloomberg


Bloomberg

Geithner: Systemically Risky Firms to Be Named
Bloomberg
27, the administration announced a revision of the Home Affordable Modification Program, or HAMP, that relaxes the rules on a federal loan-modification program and triples its incentives to banks by paying Fannie Mae and Freddie Mac to forgive debt on ...

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Obama Plans Assistance for Rentals, Mortgage Refinancing - BusinessWeek


Obama Plans Assistance for Rentals, Mortgage Refinancing
BusinessWeek
Borrowers, even those who owe more than their homes are worth, would be able to refinance into loans guaranteed by the Federal Housing Administration. To pay for the program, Obama will ask Congress for a tax on financial companies with more than $50 ...

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Companies Promise Mortgage Help, Deliver Nothing - Tucson Citizen


Companies Promise Mortgage Help, Deliver Nothing
Tucson Citizen
The FTC has issued multiple warnings about loan modification and forensic audit scams. BBB registered approximately 1400 complaints against loan modification companies in 2011. Though Kroske needed a loan modification, which changes the initial terms ...


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Geithner Says Systemically Risky Firms to Be Named in 2012 - Bloomberg


Geithner Says Systemically Risky Firms to Be Named in 2012
Bloomberg
27, the administration announced a revision of the Home Affordable Modification Program, or HAMP, that relaxes the rules on a federal loan-modification program and triples its incentives to banks by paying Fannie Mae and Freddie Mac to forgive debt on ...

and more »

More about Geithner Says Systemically Risky Firms to Be Named in 2012 - Bloomberg