March 23, 2012 talks about principal reduction

Freddie Mac CEO Charles “Ed” Haldeman gave a strong signal Friday that new incentives from the Treasury Department may be enough to start principal reduction on mortgages backed by […]
October 27, 2011

President Obama Announces New Plan to Help Struggling Homeowners

On October 24th, 2011 President Obama announced a new plan to help homeowners who owe more on their mortgage than their house is worth.  The President […]
February 3, 2011

HOPE NOW Data Shows Increase in Loan Modifications in 2010

HOPE NOW, a group of mortgage servicers, investors, non-profit counselors, and mortgage insurers released its final 2010 numbers showing its members completed about 1.24 million loan […]
December 20, 2010

Default Servicers, Foreclosure and the Securitization Debacle

On November 16, 2010, the Senate Committee on Banking Housing and Urban Affairs held a hearing on Mortgage Services and Foreclosure Practices which included, Bank of […]
December 16, 2010

Huffington Post Article: Tom Miller says, “We Will Put People In Jail” For Foreclosure Fraud

The leader of a nationwide investigation of foreclosure fraud told homeowners Tuesday that the probe will have some serious consequences for bankers.  To read the full […]
September 21, 2010

Map and Directions to the Town Hall Meeting THIS Weekend

Don’t miss this weekend’s FREE Town Hall meeting hosted by Prudential Americana features experts from various fields related to the Real Estate market to answer YOUR questions. […]
August 31, 2010

Nearly 4 Million Homeowners 60+ Days Late on Mortgages

The phrase “Delinquent Mortgage,” once a foreign concept for many Americans, has now become part of our everyday vernacular. When nearly 4 million homeowners are currently 60 […]
August 26, 2010

New Report States the Obvious: Principal Reductions Lead to Lower Re-Default Rates

According to a new report from the State Foreclosure Prevention Working Group, a group of state attorney generals and bank supervisors across the country, loan modifications […]
July 21, 2010

June HAMP Numbers Look Gloomy

The Treasury Department recently released figures that indicate approximately 91,000 borrowers dropped out of the Home Affordable Modification Program (HAMP) in June, putting the total number […]