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The Mortgage Bankers Association (MBA) has proposed a new tool for the Home Affordable Modification Program (HAMP) to specifically address the problems of unemployed borrowers. The Unemployed Borrower Bridge to HAMP Modification was laid out by MBA President John A. Courson in a letter to Treasury Secretary...
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Good Evening, I need some honest advice and insight into how these big mortgage companies figure out forbearance agreements. We were put into one by National City Mortgage in November of 2008 as a result of missing 3 months of homeowners insurance in 2007. We have struggled to pay the payment of $1270...
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A coalition of housing activists and civil rights groups has called for a six month moratorium on foreclosures to provide time for financially troubled homeowners with time to solve their problems. The Leadership Council on Civil Rights, The Center for Responsible Lending, The National Council of LaRaza...