Foreclosure Programs on the Chopping Block

Welcome to DSNews.com—delivering stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry. Fri Feb 25, 2011 By: Carrie Bay 02/24/2011    Read the Entire Article On the chopping block are the Home Affordable Modification Program (HAMP), HUD’s Neighborhood Stabilization Program, the Federal Housing Administration (FHA) Short Refi Program, and the Emergency [...]

Foreclosure Options

Fannie Mae recently launced a new website to provide information and possible options to homeowners who are behind on their mortgage payments.  Knowyouroptions.com features practical information and resources to help homeowners avoid foreclosure by either staying in their home or selling it.  Resources include a list of local foreclosure prevention events, housing counselors, Fannie Mae [...]

1 in 4 Trial Mortgage Modifications Fail

Expectations were high amongst homeowners, hoping that the latest programs for home loan modifications would resolve their financial woes.  Unfortunately, it is a timely process and has shown little success.   Read the entire Chicago Tribune Article By Mary Ellen Podmolik, Tribune reporter 9:13 p.m. CDT, May 17, 2010 The ongoing foreclosure issues and programs that are being offered [...]