Obama Loan Modification : Loan Modification Key

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Florida’s foreclosure prevention program shifts tactics

“Florida’s $1 billion foreclosure prevention program, which has historically helped homeowners fight off bank repossessions with mortgage assistance, might start pitching in for first-time homebuyers’ down payments. The proposal would earmark $50 million for down payments from the federal Hardest Hit Fund, which was created with taxpayer money, a publication reported. The program has until

Is now the time to refinance your mortgage?

“Interest rates on home loans are historically low. That means now is the time to dig out your mortgage loan paperwork and consider whether refinancing is right for you. Five years ago, the government started injecting trillions of dollars into the U.S. economy. Conventional wisdom suggested that rising interest rates were soon to follow. Some

Report: Michiganders missing out on loan modification program

“WASHINGTON – Tens of thousands of Michigan homeowners are potentially missing out on the Obama administration’s flagship foreclosure prevention program, according to a government report released last week. Michigan homeowners have used the program to lower their monthly payments at far lower rates than would be expected given the state’s foreclosure rate, according to the

Mortgage Foreclosures Force Thousands Out of Their Homes

“THOUSANDS of Victorian properties are being seized despite record low interest rates. ” “Foreclosure actions by major banks and lenders to repossess homes, units, businesses and land resulted in 7830 people losing an asset in the past five financial years. Experts warn the figures indicate people are taking on unsustainable debt and could face losing their

Why refinance when you can modify?

“With interest rates being lowered a tad and with the relaxation of Fannie Mae and Freddie Mac’s lending guidelines, there’s been a recent advertising push by loan brokers about this being a great time to consider refinancing your home mortgage. For some folks who are simply looking for a deal better than the one they
IMPORTANT: The text in this website and product(s) sold on this website do not substitute for legal advice. Nor does the text substitute for real estate, financial, tax, bankruptcy or other professional advice. Loan Modification Key® and its owner(s) cannot and do not guarantee results from any lender or servicer. Loan Modification Key® and its owner(s) do not represent any loan modification program or governmental program. Loan Modification Key® and its owner(s) do not represent any government agency. The text herein represents information, opinion and expertise gathered in the last several years' experience in the mortgage industry. Loan Modification Key® is a non-profit 501 (c)(3) tax-exempt organization.
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