In a recent Blog Post I commented about how frustrated I was with an article in the Wall Street Journal, “Mortgage Modifying Fails to Halt Defaults.” This article commented on a Fitch Report that 65 to 75% of subprime loans which were modified will become 60 days or more delinquent within 12 months after the [...]
Did you hear about the lady in Tennessee? A widow and a senior citizen she has lived in her home for the last 32 years. Needless to say her income is fixed and she fell behind on her mortgage payments. Her mortgage company, Wells Fargo, started foreclosure and her home was scheduled to be auctioned [...]
I just want to warn you. What I have to say today may disturb you. These statistics are really frightening. The Center for Responsible Lending just estimated that from the beginning of 2009 to June 1 over 1 million new foreclosures have been filed in the United States. That is just about 200,000 a month. [...]
You may wonder why I am writing about a new horror movie, “Drag Me to Hell,” which opened in theaters on 5/29. If you have looked at my website, www.stopforclosureanswer.com, you can see that I am not a fan of mortgage lenders. I have seen far too many instances where they have just zapped people [...]
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 [...]
