Borrower-Negotiated Loan Mod Disaster...

Below is a post taken from ml-implode that details some of the perils of a borrower trying to negotiate their own loan modification. Posted on September 3rd, 2008 www.ml-implode.com I am infuriated.  You will not believe this story.  This sure looks as though Countrywide/BofA has conspired to...

Loan Modification section added to Check...

In response to customer requests we have added a new section to the Document Checklist to help your loan modification clients and keep track of outstanding tasks and required documents.   If you go to the bottom of the checklist you will see the new Loan Modification section shown below. We have...

Loan modifications would have kept homeo...

By Moe Bedard on September 29th, 2008 Little more than a week ago, Massachusetts Attorney General Martha Coakley was in Washington, D.C., testifying before the U.S. House Financial Services Committee about the state’s prosecution of auction-rate securities fraud. However, more interesting...

US mortgage modifications leveled off in...

By Moe Bedard on October 2nd, 2008 NEW YORK, Oct 2 (Reuters) – U.S. mortgage servicing companies permanently eased terms on about 79,000 home loans in August, slightly less than in July, suggesting the practice aimed at preventing foreclosure may be leveling off, according to data published...