Most borrowers who have had their mortgages modified through a government-sponsored program will redefault within 12 months, according to a report released Wednesday.Between 65% and 75% of loans that are modified through the Home Affordable Modification Program but not backed by the federal government are likely to go bad, according to the report released by [...]
Continue reading about Seventy Five Percent of Modified Home Loans Will Default
Now it appears that where coming out of the economic slump people have a lot of questions regarding their mortgages, is it a good time to buy a home etc. this is probably the best time to do a loan modification. However, be wary of the many scams that are in the market place to [...]
Your credit is very important. While it may seem not to matter in your day to day life, the moment you need to buy a big purchase like a car or a house, or even just apply for a new credit card, your credit score can save you a lot of money… or cost you [...]
More Americans are facing credit repair issues as credit card rates go up and credit limits are slashed. FICO scores are plummeting and many people are losing access to the credit they need. When collection letters and dunning calls begin, you are in the middle of a personal credit crisis. A troubled credit situation will [...]
