Entering the new year, California continues to be the blue lagoon for the mortgage mess. It is one of five states leading the nation in “underwater” mortgages, where the value of a home is less than what the homeowner owes on the mortgage. That situation extends the housing meltdown to homeowners with good credit.
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New Laws Protect Homebuyers, Carbuyers
KCRA.com The foreclosure crisis in California gave rise to mortgage fraud and loan modification scams. Lawmakers responded with legislation to attack the problems. … New laws to protect consumers, victims and cows Roseville Press Tribune all 4 news articles » |
Know the impact before modifying your home loan The last thing many troubled homeowners want to hear is that they could be denied a car loan after they get a chance to modify their home loan.But credit scores can get dinged after a home loan modification, making it more costly or tougher to get a loan or credit card.
Flagstar Bancorp, Inc. , the holding company for Flagstar Bank, FSB , today announced the commencement of the previously announced rights offering for up to 704,234,180 shares of its common stock. Â On December 30, 2009, the Company’s Registration Statement on Form S-3 related to the rights offering was declared effective by the Securities and Exchange Commission.
 BNET |
Home Loan Modification – Avoid Foreclosure and Save Your Home in 2010
Subprime Blogger (blog) If you do not submit all the paperwork that is necessary you will not get a permanent mortgage modification. Many major mortgage lenders have had great … Lenders Flout Law Aimed at Saving Homeowners From Foreclosure BNET all 3 news articles » |
