Subprime Mortgage Litigation

A subprime mortgage is one that is issued to borrowers with less than perfect credit that presents more risk to the lender.  The increased risk allows lenders to charge increased interest rates.  Many subprime mortgages were issued with an adjustable interest rate, meaning that after a pre-determined amount of time, the interest rate adjusted to […]

Mortgage Litigation Time Frame

Before a person can estimate the mortgage litigation time frame for their case, they must understand exactly what mortgage litigation is.  Mortgage litigation is the presentation of a dispute between a mortgage lender and a mortgage borrower before a court.  In most cases, the need for litigation will arise out of the lack of an […]

Loan Modification if Your Loan Is Not Owned by Fannie or Freddie

Fannie Mae and Freddie Mac are two of the largest financial institutions in the world.  They make millions of dollars by purchasing home loans from lenders, bundling several similar loans, and selling those bundles to major investors.  When the housing market fell, the two institutions were placed under federal control, which allowed the government to […]

Should I Accept My Loan Modification?

Requesting a loan modification is far from a quick or easy process.  Lenders have a reputation of dragging their feet when it comes to approving applications for modification.  Many lenders make their borrowers wait up to a year before they offer an answer to the original request to modify the loan.  In many cases, this […]

First Horizon Loan Modification | Loan Modification First Horizon | REST Report

First Horizon, as one of the largest mortgage lenders in the county, has been directed by the Congress and the US Treasury to offer homeowners Home Loan Modifications or Mortgage Modifications. Under the HAMP and MHA (Making Home Affordable), First Horizon has no choice but to make these programs available to borrowers, as well as […]

The Secret to Negotiating Loan Modification with Your Bank

Being approved for a loan modification is a process that takes time and patience.  Usually, however, time and patience are two things that homeowners facing foreclosure can’t afford to spare.  Borrowers facing desperate times often look for shortcuts to being approved for a loan modification.  Others simply try tackling the whole process alone.  The secret […]

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