Loan Modifications

FHFA’s new program to help underwater homeowners

Better Life

Today the Federal Housing Finance Agency announced a new program designed to help even more underwater homeowners refinance their mortgages at today’s low rates. The plan hopefully will allow homeowners to lower their monthly mortgage payments, thus freeing up money to be spent in the broader economy and help the US from slipping back into [...]

24 October 2011 Read the full article →

New Bank of America loan modification program reduces principal

Loan Modifications

Bank of America announced today it will begin offering loan modifications under an Arizona foreclosure-prevention program funded by which is funded by $268 million from the Treasury Department’s Hardest Hit Housing Program. The program is run through the Arizona Housing Department. The state provides money to pay off up to $50,000 of a mortgage if [...]

2 March 2011 Read the full article →