mortgage modification

Mortgages & Lending

Home Mortgage Cramdown: Part Deux?

by Florence Foote | December 7, 2009
Thumbnail image for Home Mortgage Cramdown: Part Deux?

As pretty much everyone realizes by now, the Obama administration’s efforts to convince banks to modify troubled loans has been little more than window dressing. Despite the $75 billion promised to fund the program, only a fraction of the people it was intended to help have received any aid. The problem of homeowner defaults has [...]

10 comments Read the full article →
Commentary

Obama to Send Approximately an Additional 34,000 Troops to Afghanistan; Why Not Use Them to Fix Housing Instead?

by Charles Feldman | December 1, 2009
Thumbnail image for Obama to Send Approximately an Additional 34,000 Troops to Afghanistan; Why Not Use Them to Fix Housing Instead?

Ever notice that governments are so much better at sending in troops for war then sending in help for domestic problems…such as homeowners facing or being in foreclosure? The latest example, I think, is Afghanistan. The President has decided to deploy thousands of more troops (possibly 34,000 according to the Washington Post) to that hell-hole, [...]

3 comments Read the full article →
Mortgages & Lending

Nevada’s Home Loan Modification Law Ignored

by Richard Warren | October 26, 2009
Thumbnail image for Nevada’s Home Loan Modification Law Ignored

What if you had a home modification law that everyone ignored? In its 2009 legislative session the State of Nevada passed a law requiring loan modification companies to be licensed. The law, which recently took effect, not only required a license but the companies were also required to post a $75,000 surety bond. It seemed [...]

4 comments Read the full article →
Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved.
BiggerPockets® is a registered trademark of BiggerPockets, Inc.