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New Government Program to Encourage Shor ...
The Obama administration has launched a new program to help struggling homeowners sell their homes through a short sale, offering another alternative to foreclosure besides its ongoing loan modification program.Home Affordable Foreclosure Alternatives (HAFA) is geared towards homeowners who, as a result of falling property values, now owe more than their property is worth. The program is set to begin on April 5th.Under the program, the primary an ....
FHFA Extends Refinance Program
The Home Affordable Refinance Program (HARP), a sister plan to the government's loan modification program, will stay in effect until June 30, 2011, the Federal Housing Finance Agency (FHFA) announced ....
Government May Require HAMP Review Befor ...
In a bid to stem the tide of foreclosures expected in the coming months, the Obama administration is considering limiting foreclosures to home loans that have been reviewed and rejected by the Home Af ....
Wells Fargo Announces Loan Modification ...
Major housing lender Wells Fargo announced significant progress in its loan modification efforts, following last week's statement by rival Bank of America that it has helped more troubled owners with ....
Geithner Says Loan Mod Program a Success
The Home Affordable Modification Program (HAMP) is stopping more foreclosures and helping more cash-strapped owners than it did in its previous months, Treasury Secretary Timothy Geithner told reporte ....
Loan Modifications Now Require Upfront P ...
Homeowners seeking aid from the government’s Home Affordable Modification Program now have to provide proof of eligibility before being approved, rather than being given the entire three-month t ....
Bank of America Agrees to Modify Second ...
Leading mortgage lender Bank of America has agreed to extend its loan modification program to second mortgages in accordance with the Obama administration’s Second Lien Modification Program, des ....
States Demand Action on Foreclosures
A group of state officials came up with a plan last Wednesday to minimize the number of foreclosures. Some of the ideas of this plan were to cut down the red tape and reduce principal balance for home ....
Permanent Loan Modifications Doubled
After putting more pressure on lenders to step up loan modification efforts, the Obama administration announced last week that the Home Affordable Modification Program is finally seeing tangible resul ....
SEC May Tighten Short Sale Regulations
The U.S. Securities and Exchange Commission may soon impose tighter rules on short sales if stocks fall beyond a certain percentage, according to a few experts. The SEC has already made various propos ....

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Loss Mitigation News

  • Fri, 12 Mar 10:57:01 PM (PST)

    New Government Program to Encourage Short Sales

    The Obama administration has launched a new progra ... Read More

  • Fri, 5 Mar 08:39:07 PM (PST)

    FHFA Extends Refinance Program

    The Home Affordable Refinance Program (HARP), a si ... Read More

  • Fri, 26 Feb 08:33:19 PM (PST)

    Government May Require HAMP Review Before Foreclosure

    In a bid to stem the tide of foreclosures expected ... Read More

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