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Loan Modification

Wachovia Mortgage Sees Increase In The Number Of Trial Home Loan Modifications For July

Wachovia Mortgage was one of the few lenders who saw an increase in the number of trial modifications that were ongoing according to the July Making Home Affordable Program servicer report. Overall, trial modifications decreased from June to July with a few lenders seeing increases in the number of trial home loan modification programs that were active.

Homeowners Use Obama Making Home Affordable Hotline For Modification Help And Find Free Assistance

Many homeowners who are facing the loss of their home often turn to modifications in order to find a more affordable home loan payment to meet their monthly income, which may have been drastically reduced due to unemployment or cutbacks in their wages. Homeowners are suffering because of various economic and financial troubles but there are assistance programs that are available to help those in need.

Homeowners Find More Affordable Home Loan Payments And Lower Overall Mortgage Costs With Refinancing

There have been reports that more homeowners are refinancing their home loan in order to lock in a lower interest rate and save money on their home loan payments.  Interest rates on home loans have been incredibly low and, for homeowners in the position to take advantage, refinancing has helped make homes more affordable in a variety of ways.

Unemployed Home Loan Mortgage Assistance Programs–Can Unemployed Homeowners Find Help

Unemployment remains a problem for many homeowners across the nation and, as many wait and hope for a Tier 5 unemployment extension, homeowners are either living off of unemployment benefits at the current time, wages from a part-time position or reduced hours from their place of employment, or some have simply seen their income disappear. While many homeowners are using a variety of methods to provide themselves the means to make their home loan payment, there are unemployment home loan mortgage assistance options that may be available.

Home Loan Modifications Outnumber Foreclosures As Troubled Homeowners Receive More Assistance

Recent reports from the Housing Scorecard, which provides data from the Department of the Treasury and Department of Housing and Urban Development, have stated that almost double the amount of modifications are being begun compared with the number of foreclosures that homeowners are facing. Reports from both the July and August Scorecard stated that more homeowners are finding assistance than those who are losing their home.

Fewer Homeowners Delinquent On Their Home Loans According To Making Home Affordable July Report

According to the July report from the Making Home Affordable Program fewer homeowners were seen as eligible for the modification program, which can be interpreted to be either a good sign that fewer homeowners are delinquent on their home loans or there are simply less homeowners who remain in their home that are still distressed.

Wachovia Mortgage Sees Increase In Permanent Home Loan Modifications For July 2010

Wachovia Mortgage has been one of the mortgage servicers participating in the Making Home Affordable Program over the past months and, according to recent reports, has seen increases in the number of permanent home loan modifications they have made. Homeowners who have been struggling to meet their mortgage obligations have often turned to mortgage lenders and servicers in order to find help that is much needed so that they can avoid foreclosure.

GMAC Mortgage Increases Number Of Permanent Home Loan Modifications Made As Of July 2010

GMAC Mortgage has seen increases in the number of permanent home loan modifications they have made as of July 2010. More permanent home loan modifications have been made by a variety of mortgage servicers in the Making Home Affordable Program and, as a result, homeowners are finding the assistance they need to avoid foreclosure on their home.

Wells Fargo Permanent Home Loan Modifications Increase For Homeowners In July 2010

Homeowners with Wells Fargo, in recent months, have been able to obtain a permanent home loan modification so that they may avoid foreclosure on their home. The Making Home Affordable Program released data that tracks lenders’s success through the month of July and, for Wells Fargo, an increase in the number of permanent home loan modifications was reported.

Citigroup Permanent Home Loan Modification Program Sees Increase As Of July 2010

Homeowners who have their home loan through Citigroup have seen increases in the number of permanent home loan modifications for those who are seeking assistance with their mortgage. There have been increases in the number of homeowners who have begun to struggle due to various economic troubles, but the Making Home Affordable Program has been providing permanent modifications for homeowners so that they may avoid foreclosure.

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