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Loan Modification Key: ‘Underwater’ homeowners still need help

This is a frightening problem. There’s no easy solution. Many think that seven years after the toxic mix of unaffordable mortgages, a collapsing economy and sagging #home prices pummeled the region, the problem’s been solved. But it remains, disproportionately hitting black homeowners in areas like southeast Queens, the study found.   The state #attorney general,

Freddie Mac plans sale of delinquent Ocwen-serviced loans

Freddie Mac plans another large auction next month of deeply delinquent loans. The government-sponsored enterprise (GSE) said Wednesday it plans to sell off loans in a single pool with a remaining balance of $233 million. The loans come from all over the country, and have been serviced by Ocwen Servicing. Bids are due from qualified
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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