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.

Favorite Links

• US Loan Modification

• The Loan Modification Forum

• Loan Modification Network

RealTown Blogs

Blogs Homepage

Featured Entries

Site Feed

RSS Feed

Loss Mitigation

The ‘Specter” of Mortgage Modification in Bankruptcy

Apr. 29, 2009

Categorized in: Loss Mitigation

Tagged with: bankruptcy modification, foreclosure, mortgage modification

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

Permanent Link | Comments (0) | Write a Comment | Send Link

Best Practices for Mortgage Lenders and Loan Servicers

Mar. 31, 2009

Categorized in: Loss Mitigation

Tagged with: foreclosure, loan modification, mortgage

Lenders seeking to reduce their costs of foreclosures should consider the old axiom: You catch more flies with honey than you do with vinegar.

Permanent Link | Comments (0) | Write a Comment | Send Link

House set to Approve Bankruptcy Mortgage Modifications

Mar. 18, 2009

Categorized in: Loss Mitigation

Tagged with: bankruptcy modification, foreclosure, mortgage modification

The House is set to approve the most controversial plank in President Barack Obama's housing rescue plan, a measure to let bankruptcy judges rewrite mortgages to lower homeowners' monthly payments. The measure amounts to a potent stick to go with the many

Permanent Link | Comments (1) | Write a Comment | Send Link

FDIC Loan Modification Loss Sharing Proposal

Mar. 7, 2009

Categorized in: Loss Mitigation

Tagged with: fdic, loan modification, mortgage modification, obama

This proposal is designed to promote wider adoption of such a systematic loan modification program: by paying servicers $1,000 to cover expenses for each loan modified according to the required standards; and sharing up to 50% of losses incurred if a modi

Permanent Link | Comments (0) | Write a Comment | Send Link