Lenders are more organized and more in tune with the government's
Making Home Affordable program and we are seeing great success
with the Obama Mortgage Loan Modification packages submitted.
We are seeing a 90% success rate on client's submissions, homeowners
just like you are receiving loans at rates as low as 2% Fixed and
we have actually seen mortgage Loan Modifications at 0%.
Clients who have used our negotiation team to work for them and
handle the Loan Modification process directly with the lender are
seeing a 97% success rate.
How do you get ready for a Loan Modification?
Since Credit is NOT a factor in the Obama Program, what matters
is your Household Income, your Debt and all Monthly Payments.
Total monthly debt includes expenses such as your current monthly mortgage payments including your taxes and insurance (PITI), credit-card payments, any child support or alimony and other loan payments (such as an Auto Loan) beside your monthly mortgage.
The figure that one uses for this is known as "debt-to-income ratio" or DTI.
It is, basically ALL of your monthly expenses divided by your Income.
Under the Obama program, you can use ALL household income, not just
the borrower.
A Webinar this Wednesday will tell you more about the Obama Program.
Date: Wednesday, September 30, 2009
Time: 8:30 PM - 9:30 PM EDT
Residential Loan Modification Webinar
Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/918003963
sponsored by: http://order.imnotleaving.com
Contact Us: ObamaRefi@gmail.com
Tuesday, September 29, 2009
Tuesday, September 22, 2009
Distressed Homeowner Going into "Forclosure"
Homeowners in Distress, I saw a Blog post tonight that asked for help:
We have been trying to get a modification with Countrywide, but have no faith in them. We have been in our home 24 years. Never missed a payment or been late. Got an Arm that has already adjusted once. Low income from Social Security Disability. The second adjustment will be in January at that time we are absolutely done, can not make house payment.
Is your Mortgage Interest rate adjusting?
Has your income level changed during this down economy?
Are you experiencing financial hardship?
Here was Our Reply:
If you are having difficulties with your Mortgage
You can get help now, if you qualify for the Making Home Affordable Program.
Many homeowners are qualified now,
but they don't know how to apply or
they don't ask for help.
Give us a chance to help you now!
Fill out the Short Form at No Cost or Obligation. Go Now to:
Pre-Qualification Application
Going Into Forclosure, Please Advise Can An Attorney Help Get Us A New Mortgage To Save Our Home?
Here is their story:We have been trying to get a modification with Countrywide, but have no faith in them. We have been in our home 24 years. Never missed a payment or been late. Got an Arm that has already adjusted once. Low income from Social Security Disability. The second adjustment will be in January at that time we are absolutely done, can not make house payment.
Is your Mortgage Interest rate adjusting?
Has your income level changed during this down economy?
Are you experiencing financial hardship?
Here was Our Reply:
Making Home Affordable Program has rules to which the Homeowner needs to meet
to qualify for any mortgage relief and mortgage reduction.
We do a No Cost/No Obligation Mortgage Analysis and Free Pre-Qualification, so you should check this, it’s free.
You’ll have an answer in 1-2 business days. This may be
your best solution.
If you qualify, there is no credit check, your credit is not a factor. We do all the
documents for you to submit to the lender.
Contact us at ObamaRefi@gmail.com or at http://order.imnotleaving.com
Get Help NowIf you are having difficulties with your Mortgage
You can get help now, if you qualify for the Making Home Affordable Program.
Many homeowners are qualified now,
but they don't know how to apply or
they don't ask for help.
Give us a chance to help you now!
Fill out the Short Form at No Cost or Obligation. Go Now to:
Pre-Qualification Application
Saturday, August 29, 2009
FixCreditBiz Hosts Customer Information Webinar
FixCreditBiz Consumer Services Benefits Overview!
Fix Credit Biz will Host a Webinar to review the Services of it's
Obama Loan Modification Document Preparation
and Credit Restoration Programs.
Clients do not have to Credit qualify for loan modification
via the Obama program, but may have other issues such
as current collection attempts or late payments and will
want to know about our Flagship Product for repairing
negative credit items on your Credit Files.
Discover consumer services solutions available at FixCreditBiz
Services available include:
-Industry leading full service credit repair.
-Residential Loan modification pre-qualification & modification
Loan Documents package preparation.
REGISTER NOW FOR THE WEBINAR
Wednesday, September 2, 2009
or
To get Started with an Obama Refinance Package
Contact Us: ObamaRefi@gmail.com OR
Complete the FREE Pre-Qualification to see if you qualify!
Fix Credit Biz will Host a Webinar to review the Services of it's
Obama Loan Modification Document Preparation
and Credit Restoration Programs.
Clients do not have to Credit qualify for loan modification
via the Obama program, but may have other issues such
as current collection attempts or late payments and will
want to know about our Flagship Product for repairing
negative credit items on your Credit Files.
Discover consumer services solutions available at FixCreditBiz
Services available include:
-Industry leading full service credit repair.
-Residential Loan modification pre-qualification & modification
Loan Documents package preparation.
REGISTER NOW FOR THE WEBINAR
Wednesday, September 2, 2009
Time: 8:30 PM - 9:30 PM EDT
Contact Us: CreditRepairSupport@gmail.comor
To get Started with an Obama Refinance Package
Contact Us: ObamaRefi@gmail.com OR
Complete the FREE Pre-Qualification to see if you qualify!
Obama Guidelines Residential Loan Modification Package
A solution to the "Loan Modification Scam" has been found in the
form of a Loan Modification Document Preparation Service that
helps the Homeowner with a Obama Guidelines
Residential Loan Modification Package.
It has been said that currently, only 9% of eligible homeowners
are taking advantage of the Loan Mod plan and have modified
their current loan terms into a new mortgage.
Why do Banks seem to be struggling with
loan modifications?
A large volume of loan mod applications generated by the media
exposure of the Obama Saving Homes Program added to the
desperate needs of the unemployed or underemployed.
A limited Understanding about the program and how it works
has hindered Homeowners, in many cases, from having good
communication with the Loan Servicer.
A lot of confusion about the criteria of qualifying for modifying
the current mortgage, the guidelines and the Paperwork.
Homeowners are afraid to trust one of these "Loan Modification"
Services that often want money up front and then thousands of
dollars to "negotiate" a Loan Modification...and rightly so.
There have been so many Scam Artists and Sharks in the Water
that many States have written and passed New Legislation
regarding even contacting a "Distressed" Homeowner who has
become behind in their payments.
There is a Solution
Here is a program the Homeowner can Trust
Why Should You Trust THIS program?
DISCLAIMER
We do the Document Preparation under the Guidelines of the Obama Loan Modification Program...a Homeowner behind in payments MAY be able to stop foreclosure IF they qualify and IF the Lender will cooperate...it is the Lender who decides whether to "work it out"
therefore, we can not make any promises in any way to "Save Your Home from Foreclosure"
via our services. We promise to be truthful, honest and upfront with you!
You DO NOT have to be behind in your payments to Qualify for the Program.
If you are current now, continue to make your mortgage payments if you are able.
WE WILL NEVER TELL YOU TO STOP MAKING YOUR PAYMENTS
TO QUALIFY...
"The Home Affordable Modification program can be used only by owner-occupants who have a loan originated before Jan. 1, 2009 and who have a balance under $729,750."
(These are not the Complete Guidelines)
Obama Guidelines Residential Loan Modification Package
Loan Modification Document Preparation
Complete the FREE Pre-Qualification to see if you qualify!
form of a Loan Modification Document Preparation Service that
helps the Homeowner with a Obama Guidelines
Residential Loan Modification Package.
It has been said that currently, only 9% of eligible homeowners
are taking advantage of the Loan Mod plan and have modified
their current loan terms into a new mortgage.
Why do Banks seem to be struggling with
loan modifications?
A large volume of loan mod applications generated by the media
exposure of the Obama Saving Homes Program added to the
desperate needs of the unemployed or underemployed.
A limited Understanding about the program and how it works
has hindered Homeowners, in many cases, from having good
communication with the Loan Servicer.
A lot of confusion about the criteria of qualifying for modifying
the current mortgage, the guidelines and the Paperwork.
Homeowners are afraid to trust one of these "Loan Modification"
Services that often want money up front and then thousands of
dollars to "negotiate" a Loan Modification...and rightly so.
There have been so many Scam Artists and Sharks in the Water
that many States have written and passed New Legislation
regarding even contacting a "Distressed" Homeowner who has
become behind in their payments.
There is a Solution
Here is a program the Homeowner can Trust
Why Should You Trust THIS program?
- No Upfront Fees are Charged to Review your Current Mortgage
- No Commitment of any kind for Review, No Credit Card info is taken
- This Program complies 100% with the Current Guidelines of the Obama Program
- We make NO Promises and Tell NO Lies...the Government sets the Rules
- If you Qualify for the Program, under the current Obama Guidelines, we will process the paperwork needed to deliver to the Lender, Done-for-You
DISCLAIMER
We do the Document Preparation under the Guidelines of the Obama Loan Modification Program...a Homeowner behind in payments MAY be able to stop foreclosure IF they qualify and IF the Lender will cooperate...it is the Lender who decides whether to "work it out"
therefore, we can not make any promises in any way to "Save Your Home from Foreclosure"
via our services. We promise to be truthful, honest and upfront with you!
You DO NOT have to be behind in your payments to Qualify for the Program.
If you are current now, continue to make your mortgage payments if you are able.
WE WILL NEVER TELL YOU TO STOP MAKING YOUR PAYMENTS
TO QUALIFY...
"The Home Affordable Modification program can be used only by owner-occupants who have a loan originated before Jan. 1, 2009 and who have a balance under $729,750."
(These are not the Complete Guidelines)
Obama Guidelines Residential Loan Modification Package
Loan Modification Document Preparation
Complete the FREE Pre-Qualification to see if you qualify!
Obama Administration's Making Home Affordable Program
Contact Us: ObamaRefi@gmail.comFriday, August 21, 2009
Loan Relief for Homeowners
On July 28, Obama administration officials met with representatives of 25 mortgage lending institutions to encourage them to move more quickly to help homeowners in financial distress get loan relief.
Participants at the meeting agreed to a goal of bringing loan relief for 500,000 homeowners to be assisted by the program by Nov. 1, 2009.
MAKING HOMES AFFORDABLE
Although the original goal of this program was to help 3 million or 4 million struggling homeowners, only an estimated 200,000 borrowers are said to have been enrolled in a loan-modification program so far, which does not indicate successful completion of the
Modification.
There are indeed many scams waiting for distraught Homeowners who don't know
who to trust...many times just simply turning to their Loan Servicer for help.
Ironically, many people have been the victim of major or minor Federal Loan Laws
Violations when their Mortgage was originally created and Homeowners turn to the
representatives of these same Mortgage Notes...sometimes already a victim of Predatory
Lending to begin with (many people think only people who did not actually get a loan
are the only victims of Predatory Lending, a common but false assumption).
WHAT CAN A HOMEOWNER DO...WHO DO THEY TRUST?
HERE IS WHAT TO DO NEXT
Go to this Website for a Complimenary Mortgage Audit to See if you Qualify for Program
(this is a Government Program and has it's Guidelines and the Homeowner must Qualify
under those Program Guidelines...Submit the Mortgage Review Form and we will tell
you if you do...)
YOU DO NOT NEED TO BE BEHIND IN YOUR PAYMENTS TO USE OUR SERVICES
AND WE WILL NEVER TELL YOU TO STOP MAKING THE MORTGAGE PAYMENTS
IF YOU ARE ABLE TO DO SO...
This program does NOT guarantee to "save your home from Foreclosure" however
OUR ATTORNEY PREPARED PACKAGES HAVE A 90% SUCCESS RATE.
Contact Us: ObamaRefi@gmail.com
Participants at the meeting agreed to a goal of bringing loan relief for 500,000 homeowners to be assisted by the program by Nov. 1, 2009.
MAKING HOMES AFFORDABLE
|
Modification.
There are indeed many scams waiting for distraught Homeowners who don't know
who to trust...many times just simply turning to their Loan Servicer for help.
Ironically, many people have been the victim of major or minor Federal Loan Laws
Violations when their Mortgage was originally created and Homeowners turn to the
representatives of these same Mortgage Notes...sometimes already a victim of Predatory
Lending to begin with (many people think only people who did not actually get a loan
are the only victims of Predatory Lending, a common but false assumption).
WHAT CAN A HOMEOWNER DO...WHO DO THEY TRUST?
- A company that takes NO UPFRONT MONEY to discuss their situation
- A company that will do a No Cost, Complimentary Mortgage Audit of their Loan
- A company that will do a Forensic Mortgage Audit of their current mortgage
- A company that Tell The Homeowner if they have been a Victim of Violations
- A company that knows how Get Homeowners Qualified for an Obama Modification
HERE IS WHAT TO DO NEXT
Go to this Website for a Complimenary Mortgage Audit to See if you Qualify for Program
(this is a Government Program and has it's Guidelines and the Homeowner must Qualify
under those Program Guidelines...Submit the Mortgage Review Form and we will tell
you if you do...)
YOU DO NOT NEED TO BE BEHIND IN YOUR PAYMENTS TO USE OUR SERVICES
AND WE WILL NEVER TELL YOU TO STOP MAKING THE MORTGAGE PAYMENTS
IF YOU ARE ABLE TO DO SO...
This program does NOT guarantee to "save your home from Foreclosure" however
OUR ATTORNEY PREPARED PACKAGES HAVE A 90% SUCCESS RATE.
Contact Us: ObamaRefi@gmail.com
Wednesday, June 17, 2009
Obama Administration's Making Home Affordable Program
Goals of the Obama Administration's Making Home Affordable
Program are to reduce mortgage payments for At Risk Homeowners
and create financial stability at the local, State and National level
by reducing the number of defaulting loans and foreclosures that
have flooded the Markets in 2007 and 2008 and continue in 2009.
Some Highlights of the Making Home Affordable Program
During Bankruptcy When A Borrower Has
No Other Options
Reducing Monthly Payments
For many families, a low-cost refinancing could reduce mortgage payments by thousands of dollars per year. For example, consider a family that took a 30-year fixed rate mortgage of $207,000 with an interest rate of 6.50% on a house worth $260,000 at the time. Today, that family has $200,000 remaining on their mortgage, but the value of that home has fallen 15% to $221,000 – making them ineligible for today’s low interest rates that generally require the borrower to have 20% home equity. Under this refinancing plan, that family could refinance to a rate near 5.16% – reducing their annual payments by over $2,300.
Focusing on Homeowners At Risk
Homeowners at risk, such as those suffering serious hardships, decreases in income, increases in expenses, payment “shock,” high combined mortgage debt compared to income, who are “underwater” (with a combined mortgage balance higher than the current market value of the house), or who show other indications of being at risk of default may be eligible for a loan modification. Eligibility for the program will sunset at the end of three years.
How the Program Works
The Home Affordable Modification program has a simple goal: reduce the amount homeowners owe per month to sustainable levels to stabilize communities.
Now that you have better idea of the goals of Obama's Making
Home Affordable Program you may want to consider using a
service that offers you FREE PRE-QUALIFICATION using the
Guidelines of the Program Above. Find out if you Qualify!
No Closing Cost/No Credit Qualify Loan Modification Refinance
If you qualify, you will submit your details and Mortgage Loan
History and the company will perform a Forensic Mortgage Audit
and prepare the package that you will need to present to the Bank.
Using the same software program as the Lenders, our package
has a 90% success rate of acceptance.
If you run into any trouble, we have Attorneys on our list that
will help negotiate your Obama Loan Modification Refinance
on your behalf.
If you are behind in payments or about to be behind, ACT NOW
Contact Us: ObamaRefi@gmail.com
Program are to reduce mortgage payments for At Risk Homeowners
and create financial stability at the local, State and National level
by reducing the number of defaulting loans and foreclosures that
have flooded the Markets in 2007 and 2008 and continue in 2009.
Some Highlights of the Making Home Affordable Program
- Clear and Consistent Guidelines for Loan Modifications
- Required Participation By Financial Stability Plan Participants
- Modifications of Home Mortgages During Bankruptcy
During Bankruptcy When A Borrower Has
No Other Options
- Strengthen Hope for Homeowners and Other FHA Loan Programs
Reducing Monthly Payments
For many families, a low-cost refinancing could reduce mortgage payments by thousands of dollars per year. For example, consider a family that took a 30-year fixed rate mortgage of $207,000 with an interest rate of 6.50% on a house worth $260,000 at the time. Today, that family has $200,000 remaining on their mortgage, but the value of that home has fallen 15% to $221,000 – making them ineligible for today’s low interest rates that generally require the borrower to have 20% home equity. Under this refinancing plan, that family could refinance to a rate near 5.16% – reducing their annual payments by over $2,300.
Focusing on Homeowners At Risk
Homeowners at risk, such as those suffering serious hardships, decreases in income, increases in expenses, payment “shock,” high combined mortgage debt compared to income, who are “underwater” (with a combined mortgage balance higher than the current market value of the house), or who show other indications of being at risk of default may be eligible for a loan modification. Eligibility for the program will sunset at the end of three years.
How the Program Works
The Home Affordable Modification program has a simple goal: reduce the amount homeowners owe per month to sustainable levels to stabilize communities.
Now that you have better idea of the goals of Obama's Making
Home Affordable Program you may want to consider using a
service that offers you FREE PRE-QUALIFICATION using the
Guidelines of the Program Above. Find out if you Qualify!
No Closing Cost/No Credit Qualify Loan Modification Refinance
If you qualify, you will submit your details and Mortgage Loan
History and the company will perform a Forensic Mortgage Audit
and prepare the package that you will need to present to the Bank.
Using the same software program as the Lenders, our package
has a 90% success rate of acceptance.
If you run into any trouble, we have Attorneys on our list that
will help negotiate your Obama Loan Modification Refinance
on your behalf.
If you are behind in payments or about to be behind, ACT NOW
Contact Us: ObamaRefi@gmail.com
Wednesday, May 20, 2009
Do You Need Better Credit?
Do you need to have better credit to help you qualify for Mortgage
Relief refinancing?
Today, there is a free Credit Repair Webinar being given by the
Founder of Fix Credit Biz.com
Credit Repair for Potential Clients
David George the founder of FixCreditBiz will be giving the
credit repair presentation personally, and taking questions.
Click here to register
https://www2.gotomeeting.com/register/453785107
May 20, 2009 9:00 PM - 9:30 PM EDT
Relief refinancing?
Today, there is a free Credit Repair Webinar being given by the
Founder of Fix Credit Biz.com
Credit Repair for Potential Clients
David George the founder of FixCreditBiz will be giving the
credit repair presentation personally, and taking questions.
Click here to register
https://www2.gotomeeting.com/register/453785107
May 20, 2009 9:00 PM - 9:30 PM EDT
Thursday, May 7, 2009
Problems for Lenders Go Wide and Deep
In today's economy, the Market is filled with nothing short of
chaos, presenting many problems for lenders and mortgage debt
servicers...and those problems go wide and deep.
Over the past two years, consumer bankruptcy filings have more than doubled.
Bankruptcy filings by individuals jumped by nearly one-quarter in just one month.
Borrower bankruptcies continued to climb and are expected to increase further.
Those who refinanced with ARMs tied to the MTA index are sitting with
low rates. May 2004 was the last time that the Monthly Treasury Average
has been this low.
Those who refinanced with ARMs tied to the COFI index are doing good
as well. Just when it appeared that the Cost of Funds Index couldn't go any
lower, it sank to its lowest level on record.
Judges across the country are ruling in various ways against banks and it's
servicers. A South Carolina supreme court judge has halted foreclosures
on Fannie Mae and Freddie Mac loans.
The moratorium is targeted at loans that qualify for modifications under
federal programs.
Two other big states have also recently extended the time needed by lenders to foreclose.
In the News you'll hear reports that sales are up and the market is coming
back...don't believe it. U.S. bankers continue to tighten their residential lending.
Why? Because most bankers expect further deterioration in their portfolios.
Delinquency has continued further into record territory.
At the same time, Fannie Mae has made changes to its requirements for
using nontraditional credit scores. Depending on the sources, a total of four
to six sources are required, and one of the nontraditional sources used in
developing a nontraditional credit report must be housing-related.
Fixed mortgage rates sit at the lowest point since Freddie Mac began
tracking them... trading in Treasuries suggests fixed rates may head higher.
chaos, presenting many problems for lenders and mortgage debt
servicers...and those problems go wide and deep.
Over the past two years, consumer bankruptcy filings have more than doubled.
April consumer bankruptcy filings were 125,618, the American Bankruptcy Institute reported.
Bankruptcy filings by individuals jumped by nearly one-quarter in just one month.
Borrower bankruptcies continued to climb and are expected to increase further.
Those who refinanced with ARMs tied to the MTA index are sitting with
low rates. May 2004 was the last time that the Monthly Treasury Average
has been this low.
Those who refinanced with ARMs tied to the COFI index are doing good
as well. Just when it appeared that the Cost of Funds Index couldn't go any
lower, it sank to its lowest level on record.
Judges across the country are ruling in various ways against banks and it's
servicers. A South Carolina supreme court judge has halted foreclosures
on Fannie Mae and Freddie Mac loans.
The moratorium is targeted at loans that qualify for modifications under
federal programs.
Two other big states have also recently extended the time needed by lenders to foreclose.
In the News you'll hear reports that sales are up and the market is coming
back...don't believe it. U.S. bankers continue to tighten their residential lending.
Why? Because most bankers expect further deterioration in their portfolios.
Delinquency has continued further into record territory.
At the same time, Fannie Mae has made changes to its requirements for
using nontraditional credit scores. Depending on the sources, a total of four
to six sources are required, and one of the nontraditional sources used in
developing a nontraditional credit report must be housing-related.
Fixed mortgage rates sit at the lowest point since Freddie Mac began
tracking them... trading in Treasuries suggests fixed rates may head higher.
Tuesday, May 5, 2009
Is Your Home Worth Less Than What You Paid?
Are you stuck in a bad home loan? Is your home worth less than what you paid? Is your interest rate too high or ready to adjust soon? Are you late or in danger of foreclosure?
Attorney negotiation specialists can help you deal with servicers and lenders
- reduce your principal amount,
- get a lower fixed rate
- clear up your credit
- avoid bankruptcy
- avoid Foreclosure
- You can reduce your monthly payments
with a Mortgage Modification
If you are behind in your payments, you will want to act quickly.
Here is a site where you can get a Free Mortgage Analysis to see
if you qualify for Mortgage Relief.
It IS possible to have your current mortgage reveiwed
AND
It IS possible to have you old mortgage re-written as a new
mortgage at today's home values.
If your home is worth less than what you paid and your current
mortgage is for more than the home is worth today, you will want
to consider getting Mortgage Relief and a new loan at today's value.
If you want to qualify for the best mortgage rates and currently
have some bad credit entries on your credit report, go see the
Free Tutorial Video to clear up your credit
Wednesday, April 29, 2009
Home Sales Slow Despite Lower Prices Today
Here is a video for you:
Are you in danger of missing mortgage payments or have you already fallen behind?
We have a resource that may be able to help you get a new loan under our
Mortgage Relief program...this is not a loan modification of your existing loan
but rather a new loan based on today's lower property values.
Fill in the form to have a Free Mortgage Review. You don't pay anything
until we believe we can help you. No upfront fees, get your
Free Mortgage Analysis today.
If you are accepted, you will be invited to become a client.
Our company and our law firm will take over and relieve you of
the stress of Foreclosure.
Do not deal with Scam Artists who want to take your money
first and give you a bunch of promises they can't keep!
Our Attorneys are licensed to practice law in Federal Courts in
all 50 States.
We will review your information Free and tell you if we believe
we can help you....100% Money Back Guarantee upon enrollment.
-
Slow Home Sales Despite Lower Prices
Posted: Thu, 23 Apr 2009 15:32:06 GMT
WSJ economics reporter Kelly Evans and Phil Izzo discuss the latest jobless claims and a report showing existing-home sales slowed despite declining prices.
Are you in danger of missing mortgage payments or have you already fallen behind?
We have a resource that may be able to help you get a new loan under our
Mortgage Relief program...this is not a loan modification of your existing loan
but rather a new loan based on today's lower property values.
Fill in the form to have a Free Mortgage Review. You don't pay anything
until we believe we can help you. No upfront fees, get your
Free Mortgage Analysis today.
If you are accepted, you will be invited to become a client.
Our company and our law firm will take over and relieve you of
the stress of Foreclosure.
Do not deal with Scam Artists who want to take your money
first and give you a bunch of promises they can't keep!
Our Attorneys are licensed to practice law in Federal Courts in
all 50 States.
We will review your information Free and tell you if we believe
we can help you....100% Money Back Guarantee upon enrollment.
Anti-Predatory Mortgage Bill Moves Forward
Anti-predatory mortgage bill moves forward
is a featured article by Ruth Mantell of MarketWatch
An anti-predatory mortgage bill is moving forward in Washington following approval on Wednesday by a key House committee. Looking to ban dangerous practices, the Mortgage Reform and Anti-Predatory Lending Act aims to ensure that borrowers avoid overly costly mortgages, can pay back their creditors and receive better disclosures.
The House Financial Services Committee voted 49-21 to approve the legislation, and the full House of Representatives could take up the bill next week.
If you have been a victim of loan fraud or predatory lending...or
want to check to see if you were a victim of Federal Violations
on your current mortgage (purchase of refinance)...
You may apply for a Free Mortgage Analysis...you MAY be
eligible for a Mortgage Modification and, possibly, cash credit
back to your loan!
It won't cost you anything to find out...but you could save
thousands of dollars with a new mortgage!
Check the Free Mortgage Analysis Today
is a featured article by Ruth Mantell of MarketWatch
An anti-predatory mortgage bill is moving forward in Washington following approval on Wednesday by a key House committee. Looking to ban dangerous practices, the Mortgage Reform and Anti-Predatory Lending Act aims to ensure that borrowers avoid overly costly mortgages, can pay back their creditors and receive better disclosures.
The House Financial Services Committee voted 49-21 to approve the legislation, and the full House of Representatives could take up the bill next week.
If you have been a victim of loan fraud or predatory lending...or
want to check to see if you were a victim of Federal Violations
on your current mortgage (purchase of refinance)...
You may apply for a Free Mortgage Analysis...you MAY be
eligible for a Mortgage Modification and, possibly, cash credit
back to your loan!
It won't cost you anything to find out...but you could save
thousands of dollars with a new mortgage!
Check the Free Mortgage Analysis Today
Tuesday, April 28, 2009
Broad Declines in Housing Prices, Get Mortgage Relief
Economists estimate there's a 10-month supply of unsold homes.
In March, almost half of the existing home sales were from distressed sales of foreclosures and short sales from institutions trying to undercut local "Homes for Sale" market prices (which we have talked about here, before).
The median (average) price for homes fell by 12.4% from March 2008. This means half the
home markets were down less than 12.4% but half the home prices fell by MORE than the 12.4% number, so 12.4% is the average, or median price drop.
Home prices experienced broad based declines during the month of February.
The S&P/Case-Shiller 20-City Home Price Index fell at an annualized rate of 18.6%.
While February's numbers were better than January's, the U.S. housing market remains unhealthy. This is why we say when State or National Realty Organizations seem to be
excited about "market sales are going up, we could have reached the bottom" they are just
trying to blow smoke over a bad market and hope to encourage buyers to come out of hiding.
Meanwhile, the sales numbers now have little to do with existing homebuyers trying to sell,
as banks "dump" properties at a bargain via distressed sales.
In March, layoffs accelerated and looked particularly bad in the manufacturing sector.
Also, there is much uncertainty in the Auto Industry sector, as a whole.
According to Freddie Mac, 30-year fixed rate mortgages averaged around 4.80% over the past week...yet, where are the buyers???
Great 30 year rates don't mean anything to the unemployed.
Those rates also don't mean much to sellers who are losing value in their home everyday
and are in competition with banks who can "write down" the loses against profits and cover bad deals with tax benefits.
However, there are good to great deals on homes if you are in a position to buy, have cash
for a down payment and have excellent credit.
If you need help increasing your credit score you can have your current credit cleaned and
save thousands of dollars, not only by getting the best mortgage rates but also lower
insurance payments, as insurance companies use credit info to offer rates.
tax benefits.
If you have not been able to sell and are now behind in payments, apply for Mortgage Relief.
This is NOT the Obama Government program and this is NOT Loan Modification.
If you qualify for Mortgage Relief, you may be entitled to have your old loan "thrown out"
and replaced by a NEW LOAN at today's current market value of the home.
With broad declines in housing prices, some homeowners have reduced their old mortgage
debt by 50%! Act Now, submit your information for a Free Mortgage Analysis.
In March, almost half of the existing home sales were from distressed sales of foreclosures and short sales from institutions trying to undercut local "Homes for Sale" market prices (which we have talked about here, before).
The median (average) price for homes fell by 12.4% from March 2008. This means half the
home markets were down less than 12.4% but half the home prices fell by MORE than the 12.4% number, so 12.4% is the average, or median price drop.
Home prices experienced broad based declines during the month of February.
The S&P/Case-Shiller 20-City Home Price Index fell at an annualized rate of 18.6%.
While February's numbers were better than January's, the U.S. housing market remains unhealthy. This is why we say when State or National Realty Organizations seem to be
excited about "market sales are going up, we could have reached the bottom" they are just
trying to blow smoke over a bad market and hope to encourage buyers to come out of hiding.
Meanwhile, the sales numbers now have little to do with existing homebuyers trying to sell,
as banks "dump" properties at a bargain via distressed sales.
In March, layoffs accelerated and looked particularly bad in the manufacturing sector.
Also, there is much uncertainty in the Auto Industry sector, as a whole.
According to Freddie Mac, 30-year fixed rate mortgages averaged around 4.80% over the past week...yet, where are the buyers???
Great 30 year rates don't mean anything to the unemployed.
Those rates also don't mean much to sellers who are losing value in their home everyday
and are in competition with banks who can "write down" the loses against profits and cover bad deals with tax benefits.
However, there are good to great deals on homes if you are in a position to buy, have cash
for a down payment and have excellent credit.
If you need help increasing your credit score you can have your current credit cleaned and
save thousands of dollars, not only by getting the best mortgage rates but also lower
insurance payments, as insurance companies use credit info to offer rates.
tax benefits.
If you have not been able to sell and are now behind in payments, apply for Mortgage Relief.
This is NOT the Obama Government program and this is NOT Loan Modification.
If you qualify for Mortgage Relief, you may be entitled to have your old loan "thrown out"
and replaced by a NEW LOAN at today's current market value of the home.
With broad declines in housing prices, some homeowners have reduced their old mortgage
debt by 50%! Act Now, submit your information for a Free Mortgage Analysis.
Monday, April 27, 2009
Search Sales Statistics, Price Trends on Trulia
Search for sales statistics, real estate price trends, and real estate market activity in the United States using a great resource--Trulia.com
Use Trulia to Search your State
(click on a State and it will instantly give you individual cities)
Check YOUR Local Market
Alabama real estate guide
Alaska real estate guide
Arizona real estate guide
Arkansas real estate guide
California real estate guide
Colorado real estate guide
Connecticut real estate guide
Delaware real estate guide
District Of Columbia real estate guide
Florida real estate guide
Georgia real estate guide
Hawaii real estate guide
Idaho real estate guide
Illinois real estate guide
Indiana real estate guide
Iowa real estate guide
Kansas real estate guide
Kentucky real estate guide
Louisiana real estate guide
Maine real estate guide
Maryland real estate guide
Massachusetts real estate guide
Michigan real estate guide
Minnesota real estate guide
Mississippi real estate guide
Missouri real estate guide
You can select your own State's Real Estate Guide to Homes Sold and Homes now listed
Know what the Values are...Are YOU "up-side down" on your Mortgage?
If so, look into this Mortgage Relief Program
and have a Team of Attorneys negotiate for you to have your current mortgage REDUCED.
100% Free Mortgage Review at this site.
Use Trulia to Search your State
(click on a State and it will instantly give you individual cities)
Check YOUR Local Market
Alaska real estate guide
Arizona real estate guide
Arkansas real estate guide
California real estate guide
Colorado real estate guide
Connecticut real estate guide
Delaware real estate guide
District Of Columbia real estate guide
Florida real estate guide
Georgia real estate guide
Hawaii real estate guide
Idaho real estate guide
Illinois real estate guide
Indiana real estate guide
Iowa real estate guide
Kansas real estate guide
Kentucky real estate guide
Louisiana real estate guide
Maine real estate guide
Maryland real estate guide
Massachusetts real estate guide
Michigan real estate guide
Minnesota real estate guide
Mississippi real estate guide
Missouri real estate guide
You can select your own State's Real Estate Guide to Homes Sold and Homes now listed
Know what the Values are...Are YOU "up-side down" on your Mortgage?
If so, look into this Mortgage Relief Program
and have a Team of Attorneys negotiate for you to have your current mortgage REDUCED.
100% Free Mortgage Review at this site.
Thursday, April 16, 2009
Topics That We Have Recently Covered
Here are Topics we have discussed in recent posts...
- 30 days behind (1)
- Assets Relief Program.Term Asset-Backed Securities Loan Facility (1)
- borrower (1)
- Bush Administration (1)
- collapse of the housing market. (1)
- credit repair video (1)
- defaulted loan (1)
- disclosure of fees (1)
- economy now worst ever (1)
- Emergency Relief Act (1)
- foreclosure crisis (1)
- free mortgage analysis (1)
- free mortgage review (1)
- high mortgage payments (1)
- household net worth (1)
- investment banks. First American CoreLogic (1)
- loss mitigation department (1)
- mortgage applications (1)
- mortgage audit (1)
- mortgage lender (1)
- mortgage modification (2)
- mortgage relief for homeowners (4)
- mortgage relief for investors (1)
- mortgage relief for landlords (1)
- mortgage relief for unemployed (1)
- mortgage reset (1)
- mortgage violations (1)
- mortgages eligible for assistance (1)
- new foreclosures (1)
- note holder (1)
- Obama (1)
- Obama mortgage plan (1)
- payroll jobs (1)
- President Obama (1)
- real estate market crisis (1)
- relief from foreclosure (1)
- reluctant home buyers (1)
- review mortgage (1)
- Securities (1)
- stuck with mortgage (1)
- TALF (1)
- TARP (1)
- toxic loans (1)
- TransUnion Consumer Risk (1)
- U S economy (1)
- underwater mortgages (2)
- who qualifies for mortgage relief (1)
15-year fixed-rate mortgage, 5-year ARM fall to record lows
The price of monthly mortgage payments just got lower as the
15 year fixed and 5 year ARM fell to record lows while the 30 year
is now under 5%.
Rates on fixed-rate mortgages dropped this week, with the benchmark
30-year fixed-rate mortgage averaging 4.82%,
according to Freddie Mac’s weekly survey, released on Thursday.
Fifteen-year fixed-rate mortgages averaged 4.48% for the week ending April 16, down from 4.54% last week and 5.40% a year ago. This week's average is the lowest for the mortgage since Freddie Mac began officially tracking it in August 1991.
The ARM also set a record: It is at its lowest since Freddie Mac began tracking it in January 2005.
Despite the exceptional rates, potential Home Buyers may still
be reluctant to enter the Market.
The Mortgage Bankers Association reported applications were down 11% for the week ending April 10, compared with the week before.
What if you already have a home? What if you are currently "stuck"
with a Mortgage higher that this week's 15 year fixed?
What if you currently have a mortgage higher than 5%?
What if YOU could get Mortgage Relief?
What if YOU could get Mortgage Modification to a lower rate?
Get a Free Mortgage Audit...Save Thousands of Mortgage dollars!
If you need to improve your credit to get the best rates,
go see this free credit tutorial video...
15 year fixed and 5 year ARM fell to record lows while the 30 year
is now under 5%.
Rates on fixed-rate mortgages dropped this week, with the benchmark
30-year fixed-rate mortgage averaging 4.82%,
according to Freddie Mac’s weekly survey, released on Thursday.
Fifteen-year fixed-rate mortgages averaged 4.48% for the week ending April 16, down from 4.54% last week and 5.40% a year ago. This week's average is the lowest for the mortgage since Freddie Mac began officially tracking it in August 1991.
The ARM also set a record: It is at its lowest since Freddie Mac began tracking it in January 2005.
Despite the exceptional rates, potential Home Buyers may still
be reluctant to enter the Market.
The Mortgage Bankers Association reported applications were down 11% for the week ending April 10, compared with the week before.
What if you already have a home? What if you are currently "stuck"
with a Mortgage higher that this week's 15 year fixed?
What if you currently have a mortgage higher than 5%?
What if YOU could get Mortgage Relief?
What if YOU could get Mortgage Modification to a lower rate?
Get a Free Mortgage Audit...Save Thousands of Mortgage dollars!
If you need to improve your credit to get the best rates,
go see this free credit tutorial video...
Monday, April 13, 2009
Free Mortgage Analysis at Im Not Leaving.com
Here is the sample of free Pre-Qualification Application
from I'm Not Leaving.com
You simply fill in the information and "Submit" the form for
a free Mortgage Review and Analysis
at order.imnotleaving.com
See if you qualify for a mortgage modification..free review
from I'm Not Leaving.com
Pre-Qualification Application
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a free Mortgage Review and Analysis
at order.imnotleaving.com
See if you qualify for a mortgage modification..free review
Mortgage Relief is Not a Loan Modification
The term "Loan Modification"has taken on the characteristic of
being the catch-all phrase name branding for any changes in the
status of an existing mortgage like all facial tissue is called Kleenex.
In a foreclosure, a house will be taken to an Auction.
If the bank owned the mortgage or trust deed "note" they must
still "buy the debt" back at the auction.
A foreclosure means they will have to claim the property at the
auction but there are many potential expenses involved once
they claim the property at auction, mainly "holding" costs which
may include fix-up or clean up, lawn maintenance etc, as well
as insurance, winter heat and other various expenses.
The banks are in the business of lending money.
Lenders only really want payments today on the mortgage or
trust deed note so they have more cash today to loan out again.
This is why the bank entertains alternative solutions to claiming
a home in foreclosure. The property becomes a liability in their
"inventory" and is now something they must "dispose" of, often
at a further loss in a slow market like today with lots of other
properties sitting and waiting to be bought.
A slow real estate market with a backlog of properties creates
more problems as the lender will most likely be forced to sell
the property "at a discount" (below market listings) just to be one
of the first to get rid of what they have.
This brings us to "what are their choices" other than foreclosure.
The defaulted loan is in the "Loss Mitigation" department, which
means the bank/lender will try to "mitigate" their exposure to
further loses.
This is a department within the bank to serve the bank's need to
limit their loses. This is not a public service, this is business and
this department will look for a solution that seems to make sense.
This may be accepting a "short sale" offer (an offer to purchase the
property for less than what is owed on it) or some type of "workout"
with the original borrower, if they can prove capacity to make the
future payments going forward.
Another term used for restructuring the debt is a "Loan Modification."
Homeowners may seek a Loan Modification to continue ownership
interest in the property.
More than two thirds of loan modifications did not result in lower monthly payments. In fact, one in four resulted in increased monthly payments.
This is why Mortgage Relief is different.
Modifications often extend the term of the mortgage after folding in arearages and penalties, thus the principal balance is larger and for a longer term which means
more interest would be paid over the life of the loan, that is the trade off.
One month's payment added to the end of a loan will equal an additional
year's worth of interest but so few homeowners expect to be in the same house
30 years from now the homeowner is only concerned with not losing the home
to foreclosure. The lender is only concerned about getting payments back on
track and making the loan a "performing asset."
MORTGAGE RELIEF IS NOT THE SAME AS A LOAN MODIFICATION.
You do not need to be behind in your payments
to qualify for mortgage relief.
You do not need to be a Homeowner to qualify for
Mortgage Relief (you can also be an Investor/Landlord)
Check to see if your home qualifies for Mortgage Relief.
being the catch-all phrase name branding for any changes in the
status of an existing mortgage like all facial tissue is called Kleenex.
In a foreclosure, a house will be taken to an Auction.
If the bank owned the mortgage or trust deed "note" they must
still "buy the debt" back at the auction.
A foreclosure means they will have to claim the property at the
auction but there are many potential expenses involved once
they claim the property at auction, mainly "holding" costs which
may include fix-up or clean up, lawn maintenance etc, as well
as insurance, winter heat and other various expenses.
The banks are in the business of lending money.
Lenders only really want payments today on the mortgage or
trust deed note so they have more cash today to loan out again.
This is why the bank entertains alternative solutions to claiming
a home in foreclosure. The property becomes a liability in their
"inventory" and is now something they must "dispose" of, often
at a further loss in a slow market like today with lots of other
properties sitting and waiting to be bought.
A slow real estate market with a backlog of properties creates
more problems as the lender will most likely be forced to sell
the property "at a discount" (below market listings) just to be one
of the first to get rid of what they have.
This brings us to "what are their choices" other than foreclosure.
The defaulted loan is in the "Loss Mitigation" department, which
means the bank/lender will try to "mitigate" their exposure to
further loses.
This is a department within the bank to serve the bank's need to
limit their loses. This is not a public service, this is business and
this department will look for a solution that seems to make sense.
This may be accepting a "short sale" offer (an offer to purchase the
property for less than what is owed on it) or some type of "workout"
with the original borrower, if they can prove capacity to make the
future payments going forward.
Another term used for restructuring the debt is a "Loan Modification."
Homeowners may seek a Loan Modification to continue ownership
interest in the property.
More than two thirds of loan modifications did not result in lower monthly payments. In fact, one in four resulted in increased monthly payments.
This is why Mortgage Relief is different.
Modifications often extend the term of the mortgage after folding in arearages and penalties, thus the principal balance is larger and for a longer term which means
more interest would be paid over the life of the loan, that is the trade off.
One month's payment added to the end of a loan will equal an additional
year's worth of interest but so few homeowners expect to be in the same house
30 years from now the homeowner is only concerned with not losing the home
to foreclosure. The lender is only concerned about getting payments back on
track and making the loan a "performing asset."
MORTGAGE RELIEF IS NOT THE SAME AS A LOAN MODIFICATION.
You do not need to be behind in your payments
to qualify for mortgage relief.
You do not need to be a Homeowner to qualify for
Mortgage Relief (you can also be an Investor/Landlord)
Check to see if your home qualifies for Mortgage Relief.
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