Archive for the Category ‘Loan Modifications’
Lawyers’ Committee Files Fifth California Lawsuit Against Loan Modification … – RealEstateRama (press release) Lawyers' Committee Files Fifth California Lawsuit Against Loan Modification …RealEstateRama (press release)WASHINGTON, D.C. – May 22, 2013 – (RealEstateRama) – The Lawyers' Committee for Civil Rights Under Law (Lawyers' Committee)has filed a lawsuit in Los Angeles County, California against a network [...]
Loan modification and the failure to mitigate damages – Lexology (registration) Loan modification and the failure to mitigate damagesLexology (registration)Freddie Mac has announced the immediate implementation of its Streamlined Modification program, a no-document modification program offered to severely delinquent borrowers. The implementation of the program, originally set to begin July 1, came six …New program [...]
Prohibiting simultaneous foreclosure during loan modifications – Twin Cities Daily Planet Prohibiting simultaneous foreclosure during loan modificationsTwin Cities Daily PlanetEarlier this session, several homeowners told lawmakers how their mortgage lenders began to foreclose on their homes while processing a loan modification at the same time. Under a bill awaiting the governor's action, that practice of [...]
New Jersey consumers learn more about mortgage loan modifications – EIN News (press release) New Jersey consumers learn more about mortgage loan modificationsEIN News (press release)A loan modification can be done if the borrower and the company holding the loan can agree to permanently alter certain terms of the mortgage contract in order to make [...]
Moody’s: Loan modification program to be executed by ABC Capital in Mexican … – Moodys.com (press release) (registration) Moody's: Loan modification program to be executed by ABC Capital in Mexican …Moodys.com (press release) (registration)Mexico, May 16, 2013 — Moody's de México S.A. de C.V. (Moody's) announced today that the loan modification program to be implemented [...]
AG threatens to sue Wells Fargo, Bank of America – SILive.com Newsday AG threatens to sue Wells Fargo, Bank of AmericaSILive.comTheir mortgage-holder, the Bank of America, began foreclosure proceedings against them in February of last year as Ms. Olortiga sought a loan modification allowed by law, said her lawyer, Joseph Sant of the St. George-based [...]
HAMP 4 Homeowners Launches Providing Insights Into Modification for … – SBWire (press release) HAMP 4 Homeowners Launches Providing Insights Into Modification for …SBWire (press release)For those with mortgages and loans that are out of control, a HAMP modification may be possible. This ensures that the repayment terms on loans of up to $ 729,750 [...]
New Streamline Loan Modification Program Available Immediately for Struggling … – LoanSafe Mortgageorb New Streamline Loan Modification Program Available Immediately for Struggling …LoanSafe(LoanSafe.org) – Freddie Mac has just announced that they will be implementing the new “Streamline Modification” program immediately for borrowers struggling to afford their mortgage. This program provides a temporary no-document modification …Streamlined [...]
AG hits Wells Fargo , B of A for mortgage practices – Albany Times Union (blog) Albany Times Union (blog) AG hits Wells Fargo , B of A for mortgage practicesAlbany Times Union (blog)The Servicing Standards include: a prohibition against dual tracking (the practice of negotiating a loan modification with a borrower while simultaneously pursuing [...]
Loan Modification Fees Spark Legal Showdown – Patch.com Loan Modification Fees Spark Legal ShowdownPatch.comHe was jerked around by bank officials when seeking a loan modification, and his wife nearly had a nervous breakdown, he said. After trying three times on his own to get a modification through the bank, Gimple sought help from several loan [...]
