by James Robert Deal | Jan 17, 2012 | Mortgage Modification
No Modification for You! by Chip Parker, Jacksonville Bankruptcy Attorney For the last few years, I have witnessed a steady stream of homeowners flowing through my office who are dumbfounded by their inability to get a mortgage modification. And for years, I have...
by James Robert Deal | Jan 5, 2012 | Mortgage Modification
Background The Federal Reserve Board issued enforcement actions against four large mortgage servicers –GMAC Mortgage, HSBC Finance Corporation, SunTrust Mortgage, and EMC Mortgage Corporation–in April 2011. Under those actions, the four servicers were...
by James Robert Deal | Jan 2, 2012 | Mortgage Modification
HAMP Not Working As Planned Recent figures show that only a small fraction of homeowners are seeing any kind of permanent relief under the federal Making Homes Affordable Program (HAMP), and fewer consumers are applying for the program, leading one well-known...
by James Robert Deal | Dec 12, 2011 | Mortgage Modification
Welcome to Freddie and Fannie’s Mortgage Shell Game By Shawn Timothy Newman, J.D. Adjunct Professor Saint Martin’s University In common parlance, a mortgage (or Deed of Trust) includes the underlying loan (promissory note) and the security on that loan (mortgage or...
by James Robert Deal | Dec 8, 2011 | Mortgage Modification
Prices dive as “distressed” home sales rise in King County The median price of houses sold in King County last month was $321,700, nearly 11 percent less than in November 2010. Brokers and analysts agree the drop largely was driven by increasing sales of...
