Home-Saving Loans Afoot Pressure is growing on U.S. banks to ease terms for distressed homeowners

Home-Saving Loans Afoot Pressure is growing on U.S. banks to ease terms for distressed homeowners on home-equity loans and other second-lien mortgages. Rep. Barney Frank, chairman of the House Financial Services Committee, last week sent a letter to the four biggest...

Fewer homeowners see home values falling

A recent report shows that one in five U.S. homeowners owed more on their mortgage than their home was worth in the fourth quarter; however, California’s housing market is bucking the national trend and is telling a different story. “¢ Although...

New rule affects homeowners in foreclosure avoidance program

New rule affects homeowners in foreclosure avoidance program AMP documentation requirements updated. The U.S. Dept. of the Treasury and the Dept. of Housing and Urban Development (HUD) recently announced changes to its Home Affordable Modification Program...

Struggling to pay your FHA mortgage?

 Struggling to pay your FHA mortgage? Now you no longer have to be late with your payments to get help. On Friday, the Federal Housing Administration announced that it will assist borrowers before they become delinquent. All you need do is prove your problems...