blognetnews.com

advanced search

3 matches for 'loan modification'

Advanced Search

Search terms:

Some terms (OR) All terms (AND) Exact match

Category: or Feed:

Order by date, feed Order by feed, date

Results per page:

A A A

Banks Are Getting Desperate With Principal Reduction Offers

—The Big Picture

Number of comments: 2
Calculated Risk has a fascinating and detailed look at an UNSOLICITED Principal Reduction Loan Modification (pdf) offer from BofA.

A few background details:
The homeowner bought the house in May 2005 for $420,000. The homeowner refinanced in March 2006. This included a negatively amortizing adjustable rate mortgage (NegAM ARM) first with [...]

Posted: November 12, 2009, 10:32am EST
by Barry Ritholtz

— about this blog

— blogs linking 'The Big Picture' this week

Unsolicited Principal Reduction Offer from BofA

—Calculated Risk

Number of comments: 0
Here is an unsolicited Principal Reduction Loan Modification (pdf) offer from BofA. (ht Dwight)

A few background details:
The homeowner bought the house in May 2005 for $420,000.

The homeowner refinanced in March 2006. This included a negatively amortizing adjustable rate mortgage (NegAM ARM) first [...]

Posted: November 11, 2009, 3:01pm EST
by CalculatedRisk

— about this blog

— blogs linking 'Calculated Risk' this week
Loan Modifications: Key Numbers not Released

—Calculated Risk

Number of comments: 0
From Reuters: Treasury says 650,000 in trial home loan workouts [The Treasury Department] said there were 650,994 active trial modifications through October under President Barack Obama's plan to help the housing market. That was up from 487,081 ... participating through September.

The Treasury did not release figures for [...]

Posted: November 10, 2009, 3:17pm EST
by CalculatedRisk

— about this blog

— blogs linking 'Calculated Risk' this week

Didn't find what you want?

» Try Advanced Search