To all the nay sayers who say the new government programs for mortgage loan modifications are useless, I have a success story! A friend just did a successful mortgae loan modification. Her lender had been Countrywide (now Bank of America).
She had not made a payment since September 2008 and had moved out [...]
Entries Tagged as 'Mortgages'
Mortgage Loan Modifications Are Happening!
June 17th, 2009 · 2 Comments · Mortgages, Real Estate
Tags: 1040s·Countrywide·Hope Now·loan modification·loan restructuring·Making Homes Affordable·Minimum Payments·Tax returns·W-2s
Small Business Debt May Affect Your Individual Credit Score
June 16th, 2009 · No Comments · Consumer Debt, Mortgages
Many small business owners who are timely with their debt payments may be facing a sign of the times, as some financial institutions may now be poised to add small business debt to the wealth of information reported by credit reporting agencies.
Historically, small business loans have generally not been reported on the proprietor’s individual consumer [...]
Tags: business financing·Capital One·Credit Scores·personal credit scores·small business credit score affect·small business debt
Restructuring Mortgage Programs For Underwater, Subprime and Jumbo Loans
May 28th, 2009 · No Comments · Mortgages
The “Making Homes Affordable” Program introduced by the Obama administration is not limited to Fannie and Freddie Mac loans, also known as conventional or conforming loans . There are actually two sets of loan programs under the Making Homes Affordable (MHA) program. One program is called Home Affordable Refinance, and is for conforming [...]
Tags: conforming·Fannie Mae·Freddie Mac·loan restructuring·Loans·Making Homes Affordable·Mortgage·Refinancing
FHA First-Time Buyer $8000 Tax Credit Allowed as Down Payment?
May 22nd, 2009 · No Comments · Mortgages
The Federal Housing Administration (FHA) last week announced they were in support of a program that would allow approved lenders, nonprofits, and state and local governments to fund short term loans that could be used as down payments to be repaid once the borrower received the tax credit. Congress approved the tax credit in February’s [...]
Tags: $8000 tax credit·boost housing market·federal tax credit·FHA·First Time Homebuyer·First time homebuyer tax credit·HUD·use tax credit for downpayment
