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1 million homeowners emerge from underwater in 3Q

Nearly a million U.S. homeowners came up from underwater on their home loans in the third quarter, finally owing less than their homes are worth. The nation’s overall negative home equity rate fell to 13.4 percent of homeowners with a mortgage, down a full percentage point from the second quarter and from 16.9 percent a

Florida’s Hardest Hit Fund program blistered in report

Of the 18 states participating in the Treasury Department’s Hardest Hit Fund, Florida has the lowest rate of approving homeowners for assistance, one of the highest rates of denying assistance and an overall “slowness” in processing thousands of applications. Five years into the program, only 22,400 Floridians had been helped as of March — just

10 States Suffering the Most from Underwater Mortgages

Years of rising home prices have been a life preserver to homeowners struggling with underwater mortgages. Millions of Americans no longer owe more on a home than it is worth, allowing them to more easily sell their homes or feel better about their finances. However, millions of homeowners across the nation still find themselves upside


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

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

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,

Jackson County debt-ridden homeowners have an option

By Greg Stiles Mail Tribune   Jackson County single-family residence values have recovered substantially since plunging when the real estate bubble burst. Nonetheless, Zillow Real Estate Research reports that as many as 19 percent of local homeowners remained underwater — owing more than their house’s value — at the end of 2014. In some quarters

Keep Your Home benefits extended

Keep Your Home California, the state-management program offering aid to homeowners dealing with the threat of foreclosure, has opened the principal reduction program to more borrowers and increased benefits for another program. Now, homeowners struggling with an unaffordable mortgage payment — greater than 38 percent of their gross household income — and who have experienced some other
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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