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.
Entries Tagged as 'homeowners'
Obama Proposes Mandatory Refinancing for Underwater Home Loans
February 1st, 2012 · No Comments · Mortgages
Tags: banks·Home Affordable Refinancing Program·home loan·home loans·homeowners·Mortgage·Obama·refinance·Refinancing·underwater
Big Banks Getting Off Easy In Settlement on Illegal Foreclosures?
January 26th, 2012 · No Comments · Mortgages
Though proponents to the settlement characterize it as little more than a slap on the wrist, big banks could soon be required to shell out some cash to homeowners affected by deceptive lending and foreclosing practices.
Tags: Ally·bank of america·banks·Chase·Citi·Economy·Foreclosures·homeowners·Mortgages·Settlement·U.S.·Wells Fargo
Largest U.S. Metro Areas See Decline in Foreclosure Activity?
July 28th, 2011 · No Comments · Mortgages
According to a report issued yesterday by RealtyTrac Inc., in the first half of 2011 foreclosure rates fell in 84 percent of metropolitan areas with a population of at least 200,000 people.
Tags: Default·Economy·foreclosure·foreclosure rates·Foreclosures·homeowners·housing market·mortgage lenders·Mortgages·RealtyTrac·recession·repossessions·unemployement
New Law Gives Unemployed Homeowners 12 Months Before Foreclosure
July 8th, 2011 · 5 Comments · Mortgages
Instead of the current 4-month cut-off, a new forbearance extension program gives unemployed homeowners 12 months before foreclosure.
Tags: Federal Housing Administration·forbearance·foreclosure·homeowners·Mortgage·unemployed
