Obama and American Hope

Most of us know that foreclosures and mortgage defaults are at all time highs. Litterally one in every four mortgage are underwater and one in every seven mortgages are late or in foreclosure. This is why there is an obvious need for Homeowners to stop foreclosure and lower their monthly mortgage payments so that these Homeowners in financial hardship can make home affordable. The question then becomes how do Homeowners stop foreclosure and make home affordable? The answer to this question can come in a variety of legitimate forms. One of the best ways to make home affordable and to stop foreclosure is to ... Read Full Story

Finding information on loan modification is a need of many American Homeowners. This is a article dedicated to where online information on loan modification can be found. Loan Modification Information and Online Resources HopeNHousing.Org This is a wonderful not for profit orientated website that offers Homeowner help and assistance through information on mortgage modification and other mortgage assistance topics such as the Making Home Affordable program. Here is a list of some of my favorite articles related to loan modification that you can find @ HopeNHousing.Org Loan Modification - This is a great starter article on the subject of restructured mortgage agreements or loan ... Read Full Story

It seems as if a congratulations and a pat on the back is due to the mortgage lending industry, President Obama and his administration, the Making Home Affordable Plan and those involved, and of course the American Homeowner. Why? The Obama Loan Modification program known as the Make Home Affordable Loan Modification and also known as HAMP or Home Affordable Modification Program has met the quantitative goal of 500,000 mortgage modification offers to those homeowners who qualify. The goal was met early this month of October. A good three weeks or so before the Obama Loan Modification Goal Deadline of November First. This is ... Read Full Story

There is a great resource coming soon to the web for Homeowners wha are having mortgage trouble and in need of assistance obtaining a loan modification or other form of mortgage workout. HopeNHousing.Org is working on a do it yourself loan modification and mortgage workout resource that is or will be available online free to all who need it. The DIY Mortgage workout center should be equiped with all the financial worksheets, applications, and tools one needs to obtain a loan modification or mortgage workout. All these tools should be available to the public at no charge. Even lender specific documents will be available! ... Read Full Story

WashingtonMutual was taken over by JP Morgan Chase for $1.9 billion dollars and WAMU customers were assured that their accounts and money will not be affected. If you have problems servicing your WAMU mortgage loan and are facing foreclosure, you can apply for the WashingtonMutual mortgage loan modification right away and switch into a lower fixed rate loan that you can afford with your current income level. JP Morgan is now offering a lot of homeowners their Chase mortgage modification solutions to turn potential bad debts into performing assets. If you are faced with delinquent WAMU mortgage loans, it may be easier than you ... Read Full Story