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Paulson- Treasury Will Force Loan Modifications
September 24, 2008 - Starting off his remarks to a key (and often contentious) hearing with members of the House Financial Services Committee by offering a concession on executive pay, Treasury secretary Henry Paulson clearly wanted to get off on the right foot with key legislators that have become increasingly critical of the Bush administration’s proposal to bail out Wall Street at the expense of Main Street.
B of A Rolls Out $8.4 Billion Loan Mod Program
October 6, 2008 The mortgage bailout for Main Street has officially begun, in the shadow of a $700+ billion bailout of Wall Street signed into law on Friday afternoon by President Bush. A slew of lawsuits against Countrywide Financial Corp. led Bank of America Corp. to announce late Sunday evening what will likely end up being the single largest predatory lending settlement in US history.
Bailout dilemma- How hard to squeeze the banks on loans - As the new owner of some gigantic number of troubled loans, the government also would be in a position to order loan modifications that could forestall foreclosures. If that shrinks the glut of homes on the market, it could brake the decline in prices. And if people begin to believe the bottom has been reached in housing, confidence in the economy and the financial system should improve.
IndyMac’s Fast-Track Mortgage Modification Program - More than 3,000 borrowers have signed on to a fast-track loan modification program launched by IndyMac, the insolvent California lender seized by the feds in July. Officials from the Federal Deposit Insurance Corp. have moved quickly to tackle the 60,000 delinquent mortgages in IndyMac’s portfolio of 742,000 home loans.
As you can see from these recent articles, the mortgage loan modification solution is becoming more readily available to homeowners and will be booming for the near future, approximately 24 - 36 months. Considering that 1 out of every 6 homeowners is in some way struggling with their mortgage, there is certainly no shortage of homeowners who could benefit from a mortgage loan modification .
Home Edition Loan Modification Kit
Please visit us at: http://www.myloanmodificationcenter.com
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7 Responses
[...] homeowners seeking loan modification help may be wondering if it is wise to pay an upfront fee to a loan modification company. With over 2 [...]
Posted on November 17th, 2008 at 4:18 pm
[...] million borrowers facing payment default and foreclosure. Take a deep breath and read on…loan modification help is available to help stop foreclosure and lower your monthly mortgage payments to an affordable [...]
Posted on December 5th, 2008 at 9:26 pm
[...] to 2 million struggling homeowners are searching for loan modification help and many could benefit from a mortgage loan modification. The toxic brew of a faltering economy, [...]
Posted on December 5th, 2008 at 9:35 pm
[...] Loan modification help is on the way to thousands of struggling homeowners-if they will only open up their mail! Indymac Federal Bank noted that one of the biggest hurdles they have encountered is simply getting in touch with defaulting homeowners. A recent loan modification outreach effort to over 50,000 homeowners only received a 22% response from borrowers seeking information on how to proceed with the loan modification program. Understandably, many struggling homeowners have hunkered down, confused about their options and how they can save their home. [...]
Posted on March 13th, 2009 at 2:20 pm
[...] homeowners have complained that loan modification help has been slow in coming. Most lenders have been hesitant to proactively offer any type of far [...]
Posted on March 13th, 2009 at 2:21 pm
[...] by the Federal government and by certain lenders to make it easier for delinquent homeowners to get loan modification help. Billions of dollars have been earmarked to help borrowers get out of their toxic mortgage loans [...]
Posted on March 13th, 2009 at 2:27 pm
[...] your loan modification help can be tricky-make sure you are armed and dangerous before you contact your lender or a loan [...]
Posted on March 30th, 2009 at 10:54 pm
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