Sentences with phrase «make more loan modifications»

To prevent further increases in foreclosure inventory, NAR has repeatedly called for improved lending to creditworthy home buyers and have urged lenders to make more loan modifications, mortgage refinancings, and short sales, which will help stabilize struggling housing markets.

Not exact matches

The government's Home Affordable Modification Program, part of the government's Making Home Affordable Program, which encourages lenders to offer more loan modifications by giving them grants, subsidies, and other financial incentives.

If someone makes too much money the bank can say even though you owe more than the property is worth, you can afford to make the payment - loan modification denied.

The report contends that loan modifications only provide a short term solution to delinquency because they encourage borrowers to make at least a few more payments in the short - term.

S&P found that principal reductions (which make up only 3 % of loan modifications) are far more successful longer term solutions.

For example, you may qualify for a loan modification to make your monthly notes more affordable.

For many homeowners struggling to pay their mortgage and in danger of foreclosure, a loan modification could be the best way to make their mortgage payments more affordable.

He also pointed to proposed modifications to the Federal Housing Administration that would make FHA loans, which can be more affordable, easier to get.

See if you're eligible for a home loan modification to make the payments more affordable.

Loan modification involves negotiating with your mortgage lender for changes to the rates and terms on your mortgage loan that make it more affordable to Loan modification involves negotiating with your mortgage lender for changes to the rates and terms on your mortgage loan that make it more affordable to loan that make it more affordable to you.

I think if more consumer bankruptcy lawyers had been consulted during the design of HAMP and similar Making Homes Affordable programs, those programs could have been more consumer - friendly, using where people stumble in bankruptcy to identify likely obstacles in obtaining a loan modification (such as submitting paperwork and describing one's own financial situation accurately).

The U.S. Treasury singled out CitiMortgage Inc., telling the bank it needed to make «substantial improvement» in its loan modification efforts through the Home Affordable Modification Program and to reach out to more home owners who are eligible to receivemodification efforts through the Home Affordable Modification Program and to reach out to more home owners who are eligible to receiveModification Program and to reach out to more home owners who are eligible to receive assistance.

When borrowers finish a loan modification and start making payments again, they begin to realize that they are going to be upside down for the next 10 years or more.

If you haven't qualified for a loan modification and can't reinstate the loan (make up the back payments or arrears), you don't have many options if you want... [Read more...]