The California State Senate has passed Senate Bill 94 (”SB 94?), legislation proposed by Sen. Ron S. Calderon (D-Montebello), Chairman of the Banking, Finance & Insurance Committee. The senate passed the bill on May 21, 2009, by a vote of 21 to 14. It is now in the state assembly where it has been read [...]

Stephen Hoshida, Manager of National Loan Auditors’ Online Legal Portal, continues his discussion of the loan modification process in Part II of this interview series:

What factors are taken into consideration by the mortgage lender when determining whether or not a borrower qualifies for a loan?

There are a number of factors that the lender takes into [...]