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Entries Tagged as 'Mortgages'

Mortgage Loan Modifications Are Happening!

June 17th, 2009 · 2 Comments · Mortgages, Real Estate

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 [...]

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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 [...]

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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 [...]

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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 [...]

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