Recent Posts in Principal Reduction Category
Posted on Jul 11, 2011 By Florida Foreclosure Defense Attorney
The $8 billion program launched by the Federal Housing Administration in September to help underwater borrowers refinance into a new mortgage continues to sputter. The FHA Short Refi program was ...
Continue reading "FHA program to help underwater borrowers well-intentioned but predictably doomed" »
Posted on Jul 5, 2011 By Florida Foreclosure Defense Attorney
Treasury released new numbers for the Home Affordable Modification Program (HAMP). New this month is data on the program's Principal Reduction Alternative (PRA). Servicers have cut principal ...
Continue reading "HAMP Stats and Principal Reductions" »
Posted on May 16, 2011 By Admin
At a town hall meeting in Washington, D.C. President Obama made a public call for mortgage lenders and servicers to provide struggling homeowners with longer-term modifications and principal ...
Continue reading "Wake Up… the Government is not going to get you a better Loan Modification, no less a Principal Reduction." »
Posted on Aug 7, 2010 By DEBORAH A. CARMAN, ESQ.
Since the housing crisis began we have all been talking about reducing the principal balances of underwater mortgages as a way of addressing the foreclosure crisis and keeping homeowners in their ...
Continue reading "HAMP’s New Principal Reduction Alternative Program" »
Posted on Jun 29, 2010 By Deborah A. Carman, Esquire
As a push for short sales grows ever stronger many ask themselves why someone else is getting the better deal. According to CoreLogic more than 11 million borrowers currently owe more on their ...
Continue reading "Short Sales - Why is someone else getting the better deal?" »