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 [...]
We all have heard about how much the values of homes have dropped in most areas of the country. It seems that it is just getting worse. Every several months we hear that the values have dropped more. Today I would like to tell you what I see as the reasons for the drop in [...]
I don’t know if you read or heard about this. The Associated Press reported that on April 30 agents for the U S Postal Service confronted a Michigan postal carrier. He had a postal route in a rural area north of Detroit. They said that he stole nearly $20,000 of postage stamps. He was charged [...]
In yesterday’s Blog Post, I wrote about how successful Philadelphia’s Residential Mortgage Foreclosure Diversion Pilot Program has been in modifying the mortgages of people facing foreclosure. This program started in May of 2008. At the end of 2008 over 78% of the people who had their mortgages modified through the program remained in their homes. [...]
Several weeks ago I came across a report. This report gave an overview of what is considered to be the most successful program at the present time to help people facing foreclosure save their homes. It was started in Philadelphia last May. The program focuses on modifying people’s mortgages and reducing their monthly mortgage payment [...]
