All Posts Tagged With: "homeowners"
Homeowners Have More than One Option
The Home Affordable Modification Program (HAMP) was designed to provide assistance to homeowners who meet the qualification criteria. According to reports the HAMP program has not proven successful. The discounted payments offered through this particular program are simply not enough to assist many homeowners with mortgage payments options that will keep them from being a [...]
Wells Fargo (NYSE: WFC) Is Helping CA Home Owners Through Loan Modifications
This Week Wells Fargo (NYSE: WFC) agreed to pay out over $2 billion to help California homeowners who have home loans that are currently held by their bank. 15,000 home owners whose mortgages originated with either World Savings or Wachovia will be offered loan modifications sometime over the next three years to help them make [...]
Citigroup (NYSE: C) Goes Outside HAMP to Offer Loan Modifications
Citigroup (NYSE: C) is still offering home loan modification to customers but are now adding more options to the pool. The options are outside the options available through the Make Home Affordable program. Citigroup mortgage customers are still facing foreclosures due to the inability to make monthly mortgage payments. This is largely due to the [...]
Bank of America (NYSE: BAC) To Repay Millions in Countrywide Overcharges
Bank of America (NYSE: BAC) is about to pay out about $108 million on behalf of Countrywide Financial according to an announcement by the FTC. The money is being issued as a refund to homeowners who were charged faux fees by Countrywide Financial before Bank of America purchased the company in July 2008. Bank of [...]
Citigroup (NYSE: C) Successful in Modification Program
Among the lenders who are offering homeowners a home modification program, Citigroup (NYSE: C) is being cited as one of the more successful lenders. According to the latest report from the Making Home Affordable program, Citigroup has made modifications for half of their eligible customers in the form of a permanent or trial basis. The [...]
Bank of America (NYSE: BAC) To Propose Mortgage Help?
Bank of America (NYSE: BAC) is considering a program directed at the unemployed mortgage holders who can no longer afford a home mortgage payment. For those who have lost their jobs and can not find suitable employment, the bank is considering to offer for a period of nine months a break on the mortgage payments. [...]
Homeowner Affordability and Stability Plan and What It Could Mean for You
President Obama recently announced the details of the Homeowner Affordability and Stability Plan, also known as the Making Home Affordable Program, which will allow some homeowners the opportunity to refinance their mortgages using a streamlined process. Between 7-9 million americans may be able to refinance their mortgage at today’s lower rates. The plan will also [...]
Bankrupt or Boarder? Which Will You Choose?
The economy in America is in a tailspin right now and so many people are left feeling dizzy and confused about what to do just to survive. Some of the biggest concerns arising are from homeowners who are afraid of losing their homes because they can no longer afford to live in them or pay [...]
I agree. If a local business is the one offering the sale price I will buy it from them. ...
We are retired and live on a grocery budget of $200 a month for 2 people in the Midwest. That ...