Finally! After months of investigation and anticipation, a long-awaited, much-anticipated foreclosure settlement has been reached.
Entries Tagged as 'Mortgages'
Done Deal: Big Banks, 49 States Agree to Foreclosure Settlement
February 10th, 2012 · No Comments · Mortgages
Tags: Ally·bank of america·big banks·Chase·Citi·Department of Justice·foreclosure·Foreclosures·forecslosure settlement·Oklahoma·Settlement·Wells Fargo
Big Banks Make Amends Via Settlement, Short Sales?
February 8th, 2012 · No Comments · Mortgages
Though nothing can erase the damage done by the housing crisis debacle instigated by big banks’ illegal robo-signing ways, a couple of new developments are making a dent.
Tags: arizona·big banks·California·foreclosure·Foreclosures·Mortgage·Mortgages·Nevada·New York·robo-signing·Settlement·Short Sale·short sales
Obama Proposes Mandatory Refinancing for Underwater Home Loans
February 1st, 2012 · No Comments · Mortgages
Outlined in this new program is a requirement that home loans must be refinanced if the homeowners owe more than 140 percent of the value of their home.
Tags: banks·Home Affordable Refinancing Program·home loan·home loans·homeowners·Mortgage·Obama·refinance·Refinancing·underwater
Credit Bureau Reporting an Equity Line of Credit as Revolving Instead of Installment
January 31st, 2012 · 2 Comments · Mortgages
Q. Is it possible to get my Line of Credit that’s reporting to the bureaus as a “Revolving” account type to reporting as an “Installment” account? It’s killing my FICO scores! A. A “revolving” account is one where the balance fluctuates due to payments or withdrawals against the available credit limit. A credit card is [...]
Tags: credit bureau·credit report·Credit Score·equity line of credit·installment loan·revolving account
