The premise of these rules evolves around two principles -- protecting homeowners from surprise costs and preventing them from getting the runaround from their services.
If the governor signs the bill, it will go into effect on Jan. 1, 2013. It is expected that some banks will begin to implement the changes caused by the legislation prior to that time. Be your own best advocate in the fight to save your home from foreclosure, get the facts, and stay one step ahead.
Homeowners seeking a review on whether they have been unfairly foreclosed have been granted an extension, but the deadline is almost here.
For many homeowners that have fallen behind on their mortgages, a loan modification doesn't prove to be a cure-all. Six in 10 delinquent homeowner...
Republican presidential candidate Herman Cain said on Wednesday that banks want to "help people" renegotiate their mortgages but that government regul...
By Lois Beckett, ProPublica With housing prices dropping sharply, and foreclosure filings against more than 1 million properties in the first h...
Like so many American homeowners, he lost his job in the financial crisis and watched the value of his house plunge. Unable to modify his loan -- and ...
Lee Castillo, 34, is an IT systems engineer with zero experience in the mortgage industry. Â But when he found out that his friend had been scammed by...
Instead, her servicer, Bank of America, foreclosed on the property in late August and handed it off to Fannie Mae, which owned the mortgage. Ms. Rober...
Are you having trouble with your mortgage or bank loans? Are you flummoxed by a byzantine process, or frustrated by a lack of modification options? Yo...
Are you having trouble with your mortgage or bank loans? Are you flummoxed by a byzantine process, or frustrated by a lack of modification options? Yo...
Are you having trouble with your mortgage or bank loans? Are you flummoxed by a byzantine process, or frustrated by a lack of modification options? Yo...
PHOENIX -- An array of federal and state investigations into the way banks foreclose on delinquent homeowners has contributed to a sharp slowdown in f...
A California homeowner sued Bank of America in small claims court and won $7,595 from the bank after it burned him on a mortgage modification. "It wa...
For those facing the loss of their home and wondering whether a Chapter 13 bankruptcy may help get rid of a second mortgage, the following information may be helpful.
WASHINGTON — More troubled homeowners are dropping out of the Obama administration's main foreclosure-relief program, which has been widely crit...
PHOENIX — Attorneys general in Arizona and Nevada filed civil lawsuits Friday against Bank of America Corp., alleging that the lender is mislead...
The number of homeowners in ongoing mortgage modifications could start shrinking in several months if current trends continue, according to a ProPublica analysis of Treasury Department data.
If nobody does their job right, and disaster ensues, who should pay for the sins of all? That is the predicament now confronting the mortgage industr...
Not only is HAMP helping far fewer homeowners than promised, there's evidence that HAMP may be leaving more homeowners worse off than if they never had entered the "loan mod" program in the first place.
The second-ranking Democrat in the Senate expressed concern Thursday over the ultimate effectiveness of the Obama administration's signature foreclosu...
Updated at 7:10 p.m. with new information. Bank of America, the nation's largest lender and its biggest bank by assets, now supports changing the la...
Friday's announcement that the administration is overhauling its mortgage modification program to encourage principal forgiveness shows they understan...
WASHINGTON -- The Obama administration on Friday announced a major reworking of its troubled $75 billion plan to prevent foreclosures. The revamped pr...
The Obama administration's signature foreclosure-prevention program is likely to be a failure and has not done enough to help struggling homeowners wh...
