Senate Bill 94 – The law has changed, now what?

On October 11, 2009, Governor Schwarzenegger signed into law Senate Bill 94. This law addresses how third parties can accept fees for loan modifications. The bill covers not only loan modification companies, but also attorneys who are hired by homeowners to represent them in [...]

Banks Fail To Modify Mortgages - Homeowners tell how firms failed to redo home loans

By Kevin G. Hall
McClatchy Newspapers

Nearly three years into the deepest U.S. housing slump in generations, lenders are modifying only a small number of problem mortgages, and rising foreclosures are retraining the economy’s recovery.

The Obama administration has stepped up pressure on lenders [...]

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 [...]