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How Do I Apply for a Home Loan Modification?

As a loan modification lawyer, many people ask me “how do I apply for a home loan modification?” Well, the short answer is, very carefully and deliberately! Loan modification is not a matter of simply putting in a request with the lender, it has become a long and drawn out […]

Foreclosure Following a Temporary Loan Modification | Trial Loan Modification | Mortgage Litigation

It is, unfortunately, very common for lenders to simply foreclose at the conclusion of a temporary loan modification (trial loan modification), or worse, during the trial loan modification or temporary loan modification…while payments are current. With lenders having greater bargaining power and resources, they frequently roll over homeowners leaving borrowers […]

Drop in Mortgage Rates Leads to More Home Refinancing Loans

A new survey recently released by Freddie Mac, the nation’s second-largest mortgage finance company, shows 30-year mortgage rates have plummeted to new, all-time lows. “With mortgage rates falling to historic lows, refinance activity has been strong over the past three months,” said Freddie Mac Vice President and Chief Economist, Frank […]

More Money More Problems for FHA & HUD?

Those who take out home loans, guaranteed by the federal Housing Administration, may soon find themselves paying big fees as the House has recently passed a bill allowing the FHA to hike monthly premiums as they see fit. For instance, a borrower maintaining a $170,000 mortgage might possibly pay an […]