A mortgage modification is otherwise known as a loan modification. Fundamentally, what is involved is that your lender agrees to a change in the terms of your mortgage. The changes made are intended to make it easier for you to meet your repayment obligations and so avoid foreclosure. In many cases, modifying your mortgage repayment […]
Tag Archive | "HAMP"
Loan modification is a process that enables those in danger of foreclosure to modify or rearrange their mortgage. Fundamentally, the purpose of mortgage modifications is to enable homeowners with payment difficulties to keep current with their repayments and retain ownership of their homes. There have been problems with these in the past, and many lenders […]
As was expected, trading volume in the bond markets was minimal today as traders leave early for the Holiday weekend and the bond markets closed early at 2:00 PM EST. This week was marked by interesting new regarding FHA loan requirements, low trading volume, interesting Foreclosure data from the first quarter and a new HAMP […]