Posted:Nov. 10, 2008
06:51 PM
Loan modifications at first blush seem not only the humane thing to do in the middle of a foreclosure crisis, but also a practical alternative for lenders who’d rather not take back properties dropping in value. Loan modifications are the proverbial “win-win” solution to keeping folks in their homes and viable loans on the [...]
Posted:Sep. 24, 2008
11:26 AM
Servicing Defined
Servicing is the act or “service” of collecting your payments, reporting payment history to credit reporting agencies, and administering you escrow payments of taxes and insurance for a fee the lender pays. Some mortgage companies are exclusively servicing companies handling the mortgages of others. Other mortgage companies enter the servicing business to [...]
Posted:Sep. 03, 2008
03:53 PM
Accredited Home Lenders Holding Co. (NASDAQ: LEND) is the mortgage banker which owns the subsidiary Accredited Mortgage Loan REIT Trust (NYSE: AHH.PrA) to raise capital to buy the formers subprime mortgage originations under the name Accredited Home Lenders.
The company has jumped in and out of subprime retail and wholesale, but is now [...]
Posted:Aug. 27, 2008
03:00 PM
The Hope Now Alliance, pushed down our throats as saviors to foreclosure victims by President Bush, is nothing more than a mortgage industry propagandist making sure we all know the big mortgage players are not at fault and doing all they can to help.
Hope Now Industry Partners
Hope Now numbers of foreclosure victims helped are consistently [...]
Posted:Apr. 09, 2008
05:36 AM
I assume you mean with a loan modification brought on by a rising interest rate or some other reason creating a need to modify the loan and/or the payment.
Sadly mortgage lenders and/or servicers are slow to work with borrowers until they go into default or are at least a few payments behind which it sounds [...]