Mortgage Modification effect on FICO Credit Score
Most media reports are of negative effects on credit scores. This is assuredly because of the delinquent loans being modified and the trial modifications that are being rescinded.
This Mortgage Modification quote changes everything
Now we read that the US Treasury Dept says 235,000 modifications by Nov will mee their tatget. That’s 13% of the 4 million total they refer to. Without a US national attorney, you don’t have a chance.
Short Sale bargains harder to find
The sugar-plum dream of finding a house at an incredible discount is increasingly harder to find as the banks dig in their heels on discounting their distressed real estate.
Comment on Jean Chatsky Mortgage Modification – Monday, Aug 10, 2009
Jean Chatsky gets most of it right most of the time; as much as any reporter out there. The fine points are here.
Mortgage-backed securities to blame for lack of mortgages being modified
After two weeks of the media recounting the dismal failure of the federal stimulus plan in mortgage modification, here is a huge part of the explanation
Finally, another Media Post Describes it Excellently!
Comments and a link to: “Lawsuits Claiming Abuse Mount for Gov’t Mortgage Partners” by propublica.org This article is one of the very best in a long time. If you think your lender is on your side, think very hard, again!
Comments on Phil Mulkins of the Tulsa World “FTC plans to regulate ‘debt relief’ firms”
The FTC regulates non-attorney-driven credit reduction and negotiation services. Since almost all credit lenders are national companies, it follows to hire a US national attorney – monitored and supervised by the USDoJ
Need for a Forensic Loan Audit Illustrated
The need for US national attorney mortgage modification is becoming increasingly more apparent every day. Less known is the necessity for a forensic loan audit. This story makes it crystal clear.
News Hour With Jim Lehrer, Pt 2
After a week of the media boo-hoo-ing the abject failure of the Making Home Affordable plan so far, I got excited about the obvious flaws in the reporting. Here’s part two of my rant. Do the math, folks!
Lenders participating in Making Home Affordable Plan
The news was full of reports on the dismal approval rate of lenders and servicers in the HAMP plan. Note that your lender may be different from your servicer.
