Archive for July 8th, 2009


Wed
8
Jul

Update on Mortgage Companies Participating in the Making Home Affordable Modification Program

Sometime ago I listed the initial eleven mortgage companies that were participating in the Making Home Affordable Modification Program. These companies and their web sites are: NameBank of America www.bankofamerica.com/mha/ Chase Financial www.chase.com CitiMortgage www.mortgagehelp.citi.com Countrywide Home Loans http://my.countrywide.com/media/hasp.html GMAC Mortgage LLC www.gmacmortgage.com Home Loan Services, Inc. www.viewmyloan.com Ocwen Financial Corporation www.ocwen.com Saxon Mortgage Services [...]


Wed
8
Jul

A Recent Article in the Wall Street Journal About the Failure of Loan Modifications Really Has Upset Me

I just need to vent today. I am really frustrated with some of the articles I am seeing in the news media. On May 26, there was an article in the Wall Street Journal. The title of it was “Mortgage Modifying Fails to Halt Defaults.” The article commented on a Fitch Ratings report which is [...]