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 ResourcesHopeNHousing.OrgThis 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 ar... Read Full Story

I have heard a few speculative rumors that there is a new plan coming from the government. This plan is suppose to focus on foreclosure alternatives such as  short sale deals and  or a deed in lieu of foreclosure. The only official word I have heard, came from the treasury. The secretary of financial  stability parade or something, the guys lat name is Allison, I think (I will update this info soon so I won’t sound so dumb, sorry). Anyways it seems as if this new foreclosure prevention ... Read Full Story

Home Sales were up almost 10% according to NAR data released thursday or friday i can not recall (will try to update). This information would imply that almost approx. 1/2-2/3 million units were sold. WOW. The spike of existing home sales is attributed to the tax credit deadline and of course the ever cheaper home prices that stems from the surplus of foreclosures and the notion that there is a lot more coming despite the Obama administrations best efforts to put a plug in the rapidly drainin... 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 wa... Read Full Story

Housing Agencies, also known as HFAs, will receive $ 35,000,000,000.00 dollars in Federal Government aid from President Obama and his Administration. What are Housing Agencies? Housing Agencies which operate on the local and state government level are operated with the purpose of funding mortgages for low to middle class families who are looking for a home to buy or trying to buy a home. These agencies are typically able to finance borrowers at 1/2 to 1 percentage point lower than a commercia... Read Full Story

Principle Reduction through Loan Modification Now three times more LikelyIn the first quarter of 2009 mortgage lenders were willing to modify loans but not the principle. One out of approximately 33 loan modifications reduced the principle of the mortgage in the first quater. However during the second quarter of this year over 10% of restructured mortgage agreements included a principle reduction of the balance owed on the mortgage. This is great news for struggling Homeowners who need a... Read Full Story

Financial News The Federal Reserve has decided to extend the Mortgage – Purchase Program. This program is designed as a tool to keep interest rates low by allowing the federal reserve to act as a buyer of mortgage backed securities that are packaged and sold by banks and investment firms. The program will now be prolonged un till mid winter or so and will be phased out gradually. This decision is based on the Federal Reserves acknowledgement and concern for the collective consumers of A... 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 m... Read Full Story

Many Homeowners have suffered through a foreclosure. Many more Homeowners will no doubt join that group. Out of this population many Homeowners are eligible for a great program called cash for keys. Cash for keys is a program that awards the Homeowner or renter a cash sum with the understanding that they will move by a specific date after the foreclosure sale of their home or residence. Cash for keys is designed for both homeowners and renters facing foreclosure and who have to move due to ... Read Full Story

The mortgage assistance program that helps Homeowners obtain a loan modification known as the Making Home Affordable Plan has been improving in terms of usage. Out of the millions of eligible borrowers almost 600 thousand of them have been offered a mortgage modification that will help the homeowner make home affordable and avoid foreclosure. According to the treasury almost 20% of the eligible homeowners have been given a offer and 361,000 trial modifications have been set in place. By Novem... Read Full Story