Home Loan Modification Articles to Help You!
Many unemployed Americans are looking to modify their mortgage payment to a lower amount so here are a few good articles to help you out.
Wachovia Home Loans; Home Loan Modification Program Only Helps 3% Of Wachovia Borrowers
Wachovia has 82,457 borrowers with home loans and in the struggling economy there has been a push to allow homeowners who are having trouble with their mortgage payments to enter into the home loan modification program, but there have been mixed results from certain lenders. Wachovia has only put 3% of its borrowers who are in need of mortgage assistance in the home loan mortgage modification program, meaning that 3% is made up of those who are in a trial modification or a permanent home loan modification.
Few homeowners get through mortgage loan modification program
Only about 4% of homeowners whose home loans were reworked through a government-led program have successfully completed a trial period required to get permanent modifications — a slow pace of progress that has some now calling for change. A total of 31,382 homeowners have gotten a permanent home loan modification since details of the program were announced in March, the Treasury Department said Thursday. There are more than 728,000 trial modifications underway.
Extreme Makeover Home Edition Foreclosure? How Do You Write a Happy Ending?
Extreme Makeover Home Edition is an ABC’s ratings juggernaut. Each week, the show takes a family that is far down on their luck, and helps them by making over their home to a tricked out extreme. A home renovation that would normally take months happens in just seven days. Camera crews record the magic as it happens, and great editing makes us feel as though each family is being given a gift from heaven.
Home Loan Modification – Will Bank of America Step Up in 2010?
Getting a home loan modification can greatly help you save your home and avoid foreclosure. If you currently have a Bank of America or Countrywide mortgage you know just how hard it can be to get a home loan modification. With over 1 million qualifying home loans Bank of America has only permanently modified 98 mortgages. This number is quite sad when you consider that many Americans are doing everything they can to save their homes.
Foreclosures for major sector of bank industry topped 1 million in third quarter, report says
The report covers mortgages serviced by national banks and savings and loans — about 34 million loans, or 65% of all outstanding U.S. mortgages. It showed that housing troubles continued to rise for the period from July 1 to Sept. 30, with the percentage of homeowners at least 60 days delinquent on their payments rising to 6.2%. That represented a 16.7% increase over the second quarter and a 73.8% increase from a year earlier, according to the report by the Office of the Comptroller of the Currency and the Office of Thrift Supervision.
