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Federal Loan Modification
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Government jumbo loan modifications
May 18, 2012 – 06:26 pm
Government jumbo loan modifications

Photo: Dale Chumbley By Jonathan LansnerLike any other industry, real estate has its own lingo. Here’s a brief slice of the vocabulary needed to succeed in covering this beat.Adjustable-rate mortgage: Interest rate and the resulting monthly house payments of these “ARM” home loans vary over time. Some ARMs offer teaser …

VA loan modification toolkit
May 18, 2012 – 12:52 am
VA loan modification toolkit

VA Refi: Learn the Top 3 ways for a simple VA Refi without an attorney or hiring anyone! VA refinancing Help
was sitting at home a few weeks ago flipping around the various cable news channels and I found it refreshing to hear several of them declare that not only is the US economy improving, but that financing and …

Hardship letter for modification
May 17, 2012 – 06:00 am
Hardship letter for modification

If a homeowner applies for either a short sale or loan modification, the borrower must present a hardship letter.  Not all hardship letters deal with unemployment.  
The hardship letter is a necessary component for a loan modification or a short sale.  Ironically, the existence of an upside down mortgage has little …

Federal loan restructuring BBB
May 16, 2012 – 02:52 am
Federal loan restructuring BBB

The number of homeowners obtaining mortgage loan modifications has dropped by nearly one-third over the past year, falling faster than the decline in mortgage delinquencies and foreclosures. Just over 207, 000 mortgage borrowers obtained loan modifications in the first quarter of the year, a 31 percent decline from the …

Citimortgage loan modification online
May 14, 2012 – 09:26 pm
Citimortgage loan modification online

Loan Modification Online Software. To date we have the participation of over 400 banking institutions from across the country including: Bank America, Chase, Wells Fargo, Citimortgage, Suntrust, Fannie Mae, Freddie Mac, and all the government programs including HAMP. All their guidelines for all their modification …

Modification through AHMSI
May 14, 2012 – 02:52 am
Modification through AHMSI

AHMSI has been aggressively outsourcing its loan modification business to 3rd party negotiators, sometime since 2010. We were surprised to learn that our clients received calls from these negotiators who claimed to be able to work out modifications for AHMSI loans. This happens to even loans that are current and not in …