Making Home Affordable : Loan Modification Key

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Best practices on how to continue loss mitigation needs

Besides the start of a new year, Jan.1, 2017, will also mark the first time since 2009 that the government’s Home Affordable Modification Program and Home Affordable Refinance Program will not exist.   Falling under the government’s Making Home Affordable program, HAMP and HARP were created as solutions after the housing crisis to keep struggling

EIGHT LOAN MODS APPROVED INCLUDING NATIONSTAR – $194,265.00 FORGIVEN

Click the pictures to MAGNIFY our results  ►► View the original newsletter in your browser Loan Modification Key™ Stands Apart NATIONSTAR $194,265.00 PRINCIPAL FORGIVENESS AUGUST 2015 OCWEN $49,667.85 PRINCIPAL FORGIVENESS JUNE 2015 PENNYMAC $206,000.00 PRINCIPAL FORGIVENESS AUGUST 2015 WELLS FARGO HAMP $660.51 MONTHLY SAVINGS – AUGUST 2015   SELECT PORTFOLIO $788.02 MONTHLY SAVINGS – JULY 2015 US BANK HAMP

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

Here’s What to Do If Your Mortgage Is Underwater

“If you feel like you’re drowning, financially speaking, you’re not alone. Millions of Americans are “underwater” on their mortgages, with negative equity. It’s a bad position to be in, but you may be able to improve your situation. Let’s talk numbers first. According to data from CoreLogic, as of the end of 2014, homeowners of about

Loss of income does not mean loss of home

“DESPAIR SETS IN” “When Sarah lost her unemployment income in January 2014, she thought all was lost in terms of her ability to continue to make payments on her mortgage. Her concern deepened when after missing only two payments, her mortgage company returned a regular monthly payment she sent in. In returning her payment the

Nearly Two Million Homeowners Offered Mortgage Solutions in 2014

“More than 489,000 permanent home loan modifications were offered to homeowners last year, according to HOPE NOW’s 2014 loan modification data released today. HOPE NOW is a voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers, and non-profit counselors. The data showed more than 1.88 million homeowners received loan modifications, short sales, deeds in lieu,

Redefaults Continue to Plague HAMP

The Home Affordable Modification Program continues to disappoint. As of Dec. 31, one in three struggling homeowners who received a loan modification through HAMP ultimately redefaulted on those loans, a new report has found. Meanwhile, the program that was supposed to help some 4 million families avoid foreclosure has helped only a fraction of that

How To Fight Foreclosure And Save Your Home

“Are you behind on your mortgage payments or worried about getting behind? Perhaps your work hours have been reduced or maybe you’ve been laid off. For whatever reason, you may have already missed a mortgage payment or perhaps several. When economic problems occur and we know we won’t have enough money to pay our house

Wells Fargo Accused of Death by Foreclosure

“A woman has sued Wells Fargo Bank, accusing it of causing her mother’s death when it foreclosed on her Fresno, California, condominium.   Marsha Kilgore stopped working in 2005 after being treated for breast cancer. After making mortgage payments on her condo for 16 years, she refinanced with a “pick-a-payment” loan through World Savings. In
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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