Mortgage Refinance News and Updates
Mortgage refinance and related topics are constantly in the news. Here are just a few headlines in the media today.
Mortgage Refinance Applications Up, Purchase Applications Decline …
“With another week of historically low mortgage rates, the trend from the prior three weeks continued, as refinance applications increased while purchase applications dropped. Purchase applications are now almost 40 percent below their …
A foreclosure lawyer’s business plan
About 10 new clients a week sign up, according to Mr. Stopa, who says he now has 350 clients in foreclosure, each of whom pays $1500 a year for a maximum of six hours of attorney time. “I just do as much as needs to be done to force the …
Loan Modification While Unemployed – Is Employment Prerequisite to …
Rising unemployment timberland outlet is an unfortunate fact of life in our current economy and many who have lost their jobs are left wondering if they have a snowball’s chance of being approved for loan modification under those …
Owner of fraudulent loan modification scheme pleads guilty in San …
In his guilty plea Rosofsky admitted that in approximately April 2009, he and Michael Trap (who previously pleaded guilty) began operating a loan modification business using the names “Nations Housing Modification Center” and “Federal …
Calculated Risk: Report: BofA acknowledges “foreclosure can be …
This is just acknowledging the obvious – borrowers have “a huge incentive to walk away” and “foreclosure can be very appealing to customers”. On the conference call, BofA announced a new “Principal Reduction Enhancement” program for …
California Set to Vote on Foreclosure Mediation Bill « HousingWire
Through it, lenders are required to meet with borrowers to develop a modification plan before foreclosure. The loan must have originated before Jan. 1, 2009, and the home must be occupied by the borrower as a principal residence. …
Should We Dump The Home Mortgage Interest Deduction? « Business in …
There’s no evidence that the subsidy increases home ownership, and the benefits largely go just to high-income households.
Mortgage Refinance News and Updates