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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Mar. 14, 2009
The following loan modification glossary terms could help you save your home. There are more laws to protect you (the consumer) than you may think.
May. 28, 2009
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]
May. 26, 2009
What goes up must come down. The larger question is where is the bottom, and when will we find it?
P.C.
May. 20, 2009
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
Apr. 18, 2009
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.
Apr. 8, 2009
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….
Apr. 2, 2009
The following are examples of ways the Home Affordable Modification Plan can help make your mortgage affordable.
Mar. 12, 2009
A loan modification will lower your house payment by changing one or more terms of the mortgage agreement. By changing the terms the monthly payment will become more affordable. This will allow you to make your mortgage payment each month and it will also
Mar. 9, 2009
Analysts agree that the banks have a financial interest in modifying loans of the unemployed but not all mortgage lenders will do so.
Mar. 4, 2009
Today the U.S. Treasury Dept. is expected to begin implementing the Obama Administration’s $75 billion, Homeowner Affordability and Stability Plan.
Mar. 2, 2009
The common perception of the average consumer is that my lender does not want to take the loss by foreclosing on my property and that they want to work with me if I need financial help in modifying my loan. In most cases, nothing could be further from the
Feb. 24, 2009
In today's challenging mortgage environment, success depends upon being as efficient as possible. Cost and time savings are dependent upon having systems in place that will streamline important functions. We examine three areas in which mortgage originato
Feb. 18, 2009
The White House rolled out their mortgage bailout plan today. Some have called it detailed but in fact, the details I was looking for continue to be missing.
Feb. 16, 2009
Loan modifications are not the panacea for the current wave of troubled mortgages; however, I predict they will play a critical role in the overall solution.
Feb. 15, 2009
The following points are examples of mortgage or loan terms that can be altered in a loan modification and should be on the negotiating table in all loan modification programs:
Feb. 9, 2009
US Loan Modification™ and The Loan Modification Network™ announce their endorsement for federal guidelines on loan modification programs as proposed in the most recent version of the Economic Stimulus Bill.
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