Principal Reduction Is Real It seems that the press engine on principal reductions is real. BofA has announced that they are beginning 200,000 principal reductions as part of the $25B settlement … [Read more...]
Equity Sharing – Yesterday’s Solution to Today’s Problem
November 19, 2010 by Leave a Comment
Equity Sharing - Yesterday's Solution to Today's Problem v Excerpt "Is equity sharing, paired with debt financing, a foregone conclusion for the future of the residential housing market? It … [Read more...]
US Treasury endorses Mortgage Mess Fix
October 20, 2010 by 1 Comment
Author: Michael Lissack email: dnfr@lissack.com To Fix the Housing Market -- The "Underwater" Portion of Loans Needs to Become Equity The documentation exists, the authorization exists, now we … [Read more...]
Equity Sharing Finally Recognized in Principal Reduction
October 16, 2010 by 6 Comments
So is Principal Reduction is going to finally get some notice? On Friday October 15th, Treasury announced changes to HAMP. In that announcement, see link to announcement here , Treasury specifies … [Read more...]
Double Dip Ahead?
August 12, 2010 by Leave a Comment
By Kate Berry and Sara Lepro Double Dip Ahead? The Home Affordable Modification Program has succeeded in limiting the supply of distressed properties to hit the market and, as a result, has helped … [Read more...]
May House Prices Show Highest Increase Since 2006
June 3, 2010 by Leave a Comment
http://www.housingwire.com/2010/06/02/may-house-prices-show-highest-increase-since-2006 With every release of data someone tries to hang a silver lining on it. It is not that I don't want the market … [Read more...]
BofA Begins Principal Reduction on Delinquent, Underwater Mortgages
June 2, 2010 by Leave a Comment
Link to original article My comments are in red. Bank of America (BAC: 15.89 +2.98%) is starting to forgive principal when modifying underwater mortgages eligible for the National Homeownership … [Read more...]
Bank of America Extending Mortgage Modification Outreach
June 2, 2010 by Leave a Comment
BofA opening outreach centers in NV and FL. Way to go BofA over 200,000 foreclosures later in NV. This is the most ridiculous press release I have ever read. Servicers in general couldn't find their … [Read more...]
More Scam Principal Reduction Programs
June 1, 2010 by 2 Comments
So, I use Google alerts to let me know when someone is having a conversation about loan mods, principal reduction etc online. So, I look at my Google alert today and lo and behold there are three … [Read more...]
Data Show Federal Policy Triggered Mortgage Meltdown
May 28, 2010 by 1 Comment
Submitted by Carl Horowitz on Thu, 05/27/2010 - 12:03 Despite mortgage interest rates falling to near all-time lows, America's homeowners are in a state of unease not seen since the Great … [Read more...]
