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The Loan Modification Expert


Peter Collins is the nation's leading authority on foreclosure prevention strategies and loan modification solutions. His firm the Loan Modification Netwokr helps thousands on homeowners facing financial hardship. Call 1-877-840-6637 for a free, no obligation consultation with a housing counselor.

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RE: Florida Attorney General Warns of Loan Modification Scams
Unless you are an attorney, or working with an&nbs...
RE: Florida Attorney General Warns of Loan Modification Scams
Is it true in Florida Law "it is against in F...
RE: NPR: Governemnt 'HOPE' Program Failing Homeowners
Yes. Call this number for the help your looking fo...
RE: Lower Your Monthly Mortgage Payments With Loan Modification
i recieved a call from 21st century mortage, sayin...
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The Loan Modification Expert

Consumer Advocates Lobby for Mortgage Reform

May. 28, 2009
Categorized in: Loan Modification
Consumer Advocates Lobby for Mortgage Reform Consumer groups are lobbying the Obama Administration to expand the ability of consumers to file lawsuits against financial companies sell... [Read More]

What Goes Up Must Come DOwn

May. 26, 2009
Categorized in: Loan Modification
What goes up must come down. The larger question is where is the bottom, and when will we find it? P.C.

Obama Signs Help Famailies Save Their Homes Act

May. 22, 2009
Categorized in: Save My Home
var addthis_pub="petercollins"; Posted on Zillow.com….this legislation should go a long way to helping homeowners achieve successful loan modifications with their lenders. Attorney performe... [Read More]

Bank of America Loan Modification Program

May. 20, 2009
Categorized in: Loan Modification
What does the new Bank of America Loan Modification initiative mean for you? This means that if you are a Bank of America mortgage customer, the likelihood that we can help you avoid foreclosure, make your mortgage payment more affordable and keep your h

Foreclosure Assistance Programs by State

May. 6, 2009
Categorized in: Foreclosure Assistance
Are you having trouble keeping up with your mortgage payments? Would you like to speak with a government foreclosure counselor in your area? Please find your state and links to the appropriate resource listed below.

Bankruptcy Modification Bill In Trouble

May. 5, 2009
Categorized in: Foreclosure Assistance
A bill empowering homeowners to prevent foreclosures through bankruptcy has hit a wall in the Senate, where fierce opposition from the finance industry is threatening to kill the proposal this week.

More housing Help on the Way for 2nd Mortgages

Apr. 30, 2009
Categorized in: Foreclosure Assistance
Like the broader Making Home Affordable housing plan announced on Feb. 18, the new effort involves the Federal Government giving money to mortgage servicers when they lower homeowners' monthly payments - and to borrowers when they keep paying their loans

The ‘Specter” of Mortgage Modification in Bankruptcy

Apr. 29, 2009
Categorized in: Loss Mitigation
With a super majority in the senate, will the bill pass allowing judges to force loan modifications during bankruptcy proceedings? Or is the Mortgage Bankers Association lobby so powerful that this becomes a special interest power-play? Does the Specter d

Chandler, AZ City Council approves program to help families purchase foreclosed homes

Apr. 24, 2009
Categorized in: Foreclosure Assistance
Chandler, AZ City Council approves program to help families purchase foreclosed homes

Providing Alternatives to Mortgage Foreclosure: A Report to Congress

Apr. 20, 2009
Categorized in: Save My Home
A new HUD study of alternatives to mortgage foreclosure urges greater uniformity among State foreclosure laws and calls for agencies to provide better incentives for loan servicers to initiate loan modifications and forbearances.

Reuters: Commercial Real Estate Loans In Crisis

Apr. 18, 2009
Categorized in: Loan Modification
The question isn’t if commercial properties will struggle, but when and where? As a result commercial loan modification has become a popular solution for commercial property owners.

New Study Shows “Do it yourself” Loan Modification Massive Failure

Apr. 16, 2009
Categorized in: Save My Home
Congress and the White House have pinned the nation’s hopes for the housing market on homeowners renegotiating their loan payments directly with their lenders. Yet this strategy is failing. A new study exposes the failure of voluntary loan modifications

NPR: Governemnt 'HOPE' Program Failing Homeowners

Apr. 16, 2009
Categorized in: Save My Home
HOPE for Homeowners is failing the american people. There have been only 451 applications, and only 25 loans have closed since the program started in October.

New Study Shows “Do it yourself” Loan Modification Massive Failure

Apr. 15, 2009
Categorized in: Save My Home
Congress and the White House have pinned the nation’s hopes for the housing market on homeowners renegotiating their loan payments directly with their lenders. Yet this strategy is failing. A new study exposes the failure of voluntary loan modifications

Foreclsoure Defense Tactics

Apr. 15, 2009
Categorized in: Foreclosure Assistance
If you are facing foreclosure and want to keep your home, here some tactics used by attorneys to protect you from predatory lenders.

Lower Monthly Mortgage Payments Lead to Lower Redefault Rates

Apr. 8, 2009
Categorized in: Loan Modification
When modifications decreased monthly payments by more than 10%, only about 23% of the loans became seriously delinquent six months later. By contrast, 51% of the loans in which payments remained unchanged were seriously delinquent after six months….

Home Affordable Loan Modification Examples

Apr. 2, 2009
Categorized in: Loan Modification
The following are examples of ways the Home Affordable Modification Plan can help make your mortgage affordable.

Making Home Affordable Program FAQ's

Apr. 2, 2009
Categorized in: Foreclosure Assistance
Answers to the most commonly asked questions about the Obama administration's new loan modification program.

Best Practices for Mortgage Lenders and Loan Servicers

Mar. 31, 2009
Categorized in: Loss Mitigation
Lenders seeking to reduce their costs of foreclosures should consider the old axiom: You catch more flies with honey than you do with vinegar.

Nevada, Arizona, California post top state foreclosure rates in first quarter of 2009

May. 12, 2009
Categorized in: Foreclosure Assistance
Arizona posted the nation’s second highest state foreclosure rate for the first quarter, with one in every 54 housing units receiving a foreclosure filing, and California posted the nation’s third highest state foreclosure rate, with one in every 58 h

Mortgage Lenders are the Real Scam Artists

Apr. 7, 2009
Categorized in: Foreclosure Assistance
Please be wary of shady loan modification companies, do your homework, but don't rely on the government to solve your problems. You will only dig a deeper hole for yourself.