$5K Extra Reward on Offer for HAMP Borrowers

The government is throwing in more incentives to keep borrowers who modify their loans through the Home Affordable Modification Program current on their mortgages.

HAMP Borrowers Facing Hike in Interest Rates

During the recent housing crisis, at risk homeowners took advantage of the federal government’s emergency plan to help avoid falling into foreclosure. Unfortunately now many could be facing a new crisis, which is an increase in interest rates. According to the article in aol.com, banks began sending out notices in June, warning of interest rate

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HAMP Program Show Homeowner Defaults Increasing

Since the government introduced its Home Affordable Modification Program (HAMP) approximately 1.25 million homeowners have had their loans modified, but worryingly since then 27% have gone on to re-default on these loans. These figures have come from a quarterly report to Congress and were compiled by the Office of the Special Inspector General for the

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Housing Scorecard Shows We’re On The Right Track

Despite the obvious gradual improvements seen in housing markets across the US, the overall recovery remains extremely “fragile”, according to a new report. The April Housing Scorecard notes some significant progress in the main indicators of the real estate market, but warns that there is still much to be done.

Obama Administration Tries To Help Unemployed Homeowners

The Obama administration has just announced a new program which is aimed at keeping unemployed homeowners in their own homes.   This new initiative will extend the current allowance of a few months forbearance on mortgages to twelve months. It’s thought that this new scheme could benefit thousands of homeowners, although not everyone will be

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Home Loan Modifications – Genuine Assistance or Just a Big Scam?

Following a year-long investigation into a total of 80 loan modification firms, serious problems within this industry have been reported by the National Fair housing Alliance and other groups that took part in the operation.

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