Posts Tagged “Attempt”

News Sources wrote an interesting post today on
Here’s a quick excerpt
MarketWatch’s Lew Sichelman usually responds to reader questions, but this week, we print a letter from one homeowner, J.N., detailing his attempt to get a loan modification from his mortgage lender. J.N. describes it as “loan-modification hell.”

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News Sources wrote an interesting post today on
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In it’s attempt to stabilize the housing market, there is an 800 pound gorilla in the room that government is not adequately addressing. What is not being addressed is the answer to this question: “What should be our priority? Do we want to fill empty houses with “homeowners” or keep people in their homes?” It is critical to answer this question because we cannot do both. There are estimates that there is a shadow inventory of seven million units out there- that’s a lot of homes to fill. D

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News Sources wrote an interesting post today on
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by Sean Payne Many people who are in debt have tried at least once, and probably several times, to pay off their debts. Sadly, a significant number of these people end up getting even further into debt than they were when they started. So, why do all these people end up getting deeper and deeper in debt? The answer lies in the approach that they use to get out of debt. Those who take on more debt in an attempt to get out of debt are only putting a patch on the problem. Debt consolidation loa

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News Sources wrote an interesting post today on
Here’s a quick excerpt
A large number of people who are currently in debt have tried at least once to pay off their debts. Many of them have tried several times. Unfortunately, most of them have failed, ending up even deeper in debt than before. So, why do all these people end up getting deeper and deeper in debt? The answer lies in the approach that they use to get out of debt. Those who take on more debt in an attempt to get out of debt are only putting a patch on the problem. Debt consolidation loans may work for

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News Sources wrote an interesting post today on
Here’s a quick excerpt
Government Determined To Keep Unwilling Homeowners In Homes The FDIC announced a new initiative to reduce foreclosures on home mortgage loans held by failed banks that were acquired by another institution. This new FDIC program goes far beyond previous government mortgage assistance programs such as the Home Affordability Refinance Program (HARP) and the Home Affordable Modification Program (HAMP). Whereas the HARP and HAMP programs require income verification and attempt to lower a mont

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