Nearly one-third of all government loan modifications are in five metropolitan areas. Monthly U.S. activity sank to the lowest level on record based on the latest data. As of Jan. 31, there were 768,773 active permanent modifications completed under the Home Affordable Modification Program. A month earlier, the total was 762,839. The increase of 5,934 [...]
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Almost a Third of All HAMPs in 5 Cities
March 3rd, 2012 
davidguide 
Posted in Business Loans 
Tags: Affordable, data, government loan, HAMPs, home, Loan, metropolitan areas, Mortgage, Total 
Comments OffBofA Moves Backwards With HAMPs
January 19th, 2012 davidguide Completed and active modifications from all mortgage servicers under the Home Affordable Modification Program increased by more than 15,000 during November. That was better than the gain previously calculated for October. A noteworthy item about the November report is that Bank of America, N.A.’s, completed modifications fell by 12,245 HAMPs from October. View full post [...]
Posted in Business Loans Tags: Affordable, bank, bank of america, BofA, Completed, home, mortgage servicers, October, post Comments OffUpdated HARP Guidelines Released
November 16th, 2011 davidguide Last month, the Federal Housing Finance Agency announced enhancements to the Home Affordable Refinance Program. Changes to the program included the elimination of a maximum loan-to-value ratio and the waiver of representations and warranties. Now, Fannie Mae and Freddie Mac have issued updated HARP guidelines. View full post on Mortgage Stories
Posted in Business Loans Tags: Affordable, fannie mae, fannie mae and freddie mac, finance, home, housing finance agency, maximum loan, Released, Updated, value ratio, waiver Comments Off
