How to qualify for a loan modification...

While the Obama Making Home Affordable plan is trying to help homeowners not all will qualify under the guidelines of this plan.  Here are a few items that may delay or prohibit you from getting a modification on your mortgage: • You have lost your job • You owe more than 5% above what your house...

Fannie Mae & Freddie Mac Loan Modif...

Federal Housing Finance Agency released the latest Foreclosure Prevention Report detailing actions taken by Fannie Mae and Freddie Mac to prevent unnecessary foreclosures and keep people in their homes. The report includes loan modification data under FHFA’s Streamlined Modification Program, which...

Home Affordable Program expands for unde...

loan processor Recent changes to the Home Affordable program has been announced.  Homeowners who now owe up to 125% of the value of their home can now benefit from the plan. The original cap was 105% so this change should help more Americans benefit. Who Is Eligible For the Extended Benefits? Many borrowers...