Did you buy a house before 2007 and, over the next few years, watch its value fall to less than what you owed on your mortgage? 461 more words
Tags » Home Affordable Modification Program
Keep Your Home California can help homeowners who received HAMP modifications lower their monthly mortgage payments
More than 300,000 homeowners in California have benefited from a federal program that lowers their interest rates – and their monthly mortgage payments.
The federal government’s Home Affordable Modification Program (HAMP) has been a much-appreciated and greatly needed program for homeowners struggling with their mortgage payments. 380 more words
The total number of homeowners receiving permanent loan modifications declined in July, as did the number of modifications made under the Home Affordable Modification Program (HAMP), according to figures released this week by HOPE NOW. 216 more words
The recent California Court of Appeal case of Fleet v. Bank of America is the topic of this blog post. This case was decided by the Fourth District Court of Appeal, Division Three on August 25, 2014, on September 23, 2014 the Court granted the request of several parties for publication. 816 more words
Even as it continues to improve, the specter of negative equity—those homeowners that are underwater on their mortgage, owing more to the bank than their home is worth—will act as an anchor on the housing market for years to come. 718 more words