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Helping Brokers, Buyers and Sellers

Servicers Make More Money By Modifying Than By Foreclosing

Posted in Mortgage Modification

Thanks to Martin Andleman and Mandleman Matters Why Does Ocwen Want to Modify Loans? Answer: Because they profit by doing so.   In case...

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Low Modification Approval Rate

Posted in Fannie Mae, Mortgage Modification

This post comes from Martin Andelman. The low approval rate on modifications Martin discusses is the main reason why you should hire an...

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Lenders Lie to Modification Applicants

Posted in Mortgage Modification

We have found that Lenders often take advantage of those who apply for modification on their own. Lenders tell them they have not received...

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Bank of America – Fannie Modification

Posted in Mortgage Modification

HMH came to me following a financial hardship. He faced high payments on his Bank of America serviced loan, with a rate of 5.625. The...

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Bank of America Principal Reductions

Posted in Mortgage Modification

Bank of America has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the...

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Banks Lowering Principal On NegAm Loans

Posted in Principal Reduction

As millions of Americans struggle in foreclosure with little hope of relief, big banks are going to borrowers who are not even in default...

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Bank of America Sued Over Trial Modification Plans

Posted in Mortgage Modification

Anthony and April Soper’s financial troubles were only starting last October when they applied for a mortgage adjustment through the...

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