Paul Goodman of the N. Y. Times reports that the government says its mortgage modification program is working!
Knock me over with a feather.
Of course, the government mortgage modification plan, is where they pay the mortgage servicers to enter into trial modification periods, three months long.
If all those payments are made on time, they might extend [...]
Category Archives: Obama Housing Program
Government Claims Its Mortgage Modification Program Is Working
Congressional Hearings On HAMP
I hate to bet on Congress getting anything right, but, if they do, these hearings will show the failure of the government mortgage modification programs.
Congressional Hearings On HAMP
addthis_url = ‘http%3A%2F%2Fwww.michiganmortgageattorney.com%2Fcongressional-hearings-on-hamp%2F’;
addthis_title = ‘Congressional+Hearings+On+HAMP’;
addthis_pub = ”;
How is HAMP Working?
Not.
CNN reports mortgage servicers continue to give homeowners the run-around on the Home Affordable Modification Program.
To beat the drum again, what is needed is judicial mortgage modification, it will not be done voluntarily.
How is HAMP Working?
addthis_url = ‘http%3A%2F%2Fwww.michiganmortgageattorney.com%2Fhow-is-hamp-working%2F’;
addthis_title = ‘How+is+HAMP+Working%3F’;
addthis_pub = ”;
FHA Added To HAMP Program
Correcting an apparent oversight, in that FHA mortgages were NOT included in the Home Affordable Modification Program.
By August 15, homeowners with FHA loans will be eligible for the same mortgage modifications encouraged by the HAMP program.
FHA Added To HAMP Program
addthis_url = ‘http%3A%2F%2Fwww.michiganmortgageattorney.com%2Ffha-added-to-hamp-program%2F’;
addthis_title = ‘FHA+Added+To+HAMP+Program’;
addthis_pub [...]
Free Mortgage Modification Evaluation
Do not pay someone for this!
Scam, scam, scam. Check the scam category on this site.
Free, yes free, evaluation online, click here: Mortgage Relief Online
addthis_url = ‘http%3A%2F%2Fwww.michiganmortgageattorney.com%2Ffree-mortgage-modification-evaluation%2F’;
addthis_title = ‘Free+Mortgage+Modification+Evaluation’;
addthis_pub = ”;
How Do I Find Out If I Qualify For a Mortgage Modification?
Do not pay someone for this!
Scam, scam, scam. Check the scam category on this site.
Free, yes free, evaluation online, click here: Mortgage Relief Online
addthis_url = ‘http%3A%2F%2Fwww.michiganmortgageattorney.com%2Fhow-do-i-find-out-if-i-qualify-for-a-mortgage-modification%2F’;
addthis_title = ‘How+Do+I+Find+Out+If+I+Qualify+For+a+Mortgage+Modification%3F’;
addthis_pub = ”;
Government Backed Mortgage Modification Eligibility Rules Change
As originally announced, the Obama mortgage modification plan was limited to homes whose total mortgage debt did not exceed 105% of the home’s value.
For example, if the home were worth $100,000, it was eligible so long as the total mortgage debt did not exceed 105% of that, or, $105,000.
The new rule ups the limit to [...]
Home Affordable Modification Program
This is the site for information for mortgage servicers for the Home Affordable Relief Program.
Click here if you want to order a FREE copy of my book, The Consumer’s Guide to Defending Foreclosure.
addthis_url = ‘http%3A%2F%2Fwww.michiganmortgageattorney.com%2Fhome-affordable-modification-program%2F’;
addthis_title = ‘Home+Affordable+Modification+Program’;
addthis_pub = ”;
President Warns of Mortgage Scams
Foreclosures still up, the spread of foreclosure avoidance scams has even claimed the attention of the President.
The article notes a tremendous amount of interest in refinancing, but no one I know is doing that for homeowners whose mortgages now exceed the value of their home.
Almost everyone I talk to in Detroit falls in that category.
The [...]
Do You Qualify For Obama Housing Plan?
See if you qualify for the Obama mortgage modification program.
addthis_url = ‘http%3A%2F%2Fwww.michiganmortgageattorney.com%2Fdo-you-qualify-for-obama-housing-plan%2F’;
addthis_title = ‘Do+You+Qualify+For+Obama+Housing+Plan%3F’;
addthis_pub = ”;
