Southern California Short Sales

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HAMP Loan Modifications: Fewer Than Hoped For

If you've been attempting any type of loan mod, you may have suffered lost paperwork, or a non-responsive loss mitigation department.http://www.housingwire.com/2010/04/29/geithner-threatens-crack-down-on-hamp-servicers/See More
Blog post by Julia Huntsman Apr 30, 2010
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Julia Huntsman commented on Julia Huntsman's page 'Links' Mar 27, 2010
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Blog posts by Julia Huntsman Mar 27, 2010
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New Requirements for HAMP Loan Modifications

The U.S. Dept. of the Treasury and the Dept. of Housing and Urban Development (HUD) have updated guidance for servicers (or banks) participating in the Home Affordable Modification Program (HAMP). The guidelines, designed to help improve the conversion from trial loan modifications to permanent modifications, takes effect June 1; however, mortgage servicers may elect to implement the guidelines sooner.The updated process requires that servicers collect three documents upfront:1. A formal…See More
Blog post by Julia Huntsman Feb 1, 2010
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Why Persistence Is Important When Attempting a Loan Mod With Your Bank

This is a banker's view of what part of the reason for the low conversion rates on loan modifications Wall Street Article by CEO of ING.
Blog post by Julia Huntsman Jan 27, 2010
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Important Links and Tools

Blog post by Julia Huntsman Jan 26, 2010
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Southern California Short Sales now has notes Jan 21, 2010

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This site is for members who would like to find information, and share information, about short sales and foreclosure. There is a great deal of talk, data, sites and information, and it is in a constant state of change. Use this as a way to find help.

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Julia Huntsman

HAMP Loan Modifications: Fewer Than Hoped For

If you've been attempting any type of loan mod, you may have suffered lost paperwork, or a non-responsive loss mitigation department.

http://www.housingwire.com/2010/04/29/geithner-threatens-crack-down-on-hamp-servicers/

Posted by Julia Huntsman on April 30, 2010 at 8:48am

Julia Huntsman

More Pressure on Banks to Reduce Principal

Here is info about mortgage principal reductions, see the reference to Ocwen.

Posted by Julia Huntsman on March 27, 2010 at 12:36pm

Julia Huntsman

Second Liens to be Included in Loan Mods

Here is a link to an article about seconds now getting loan modifications by some servicers. There is a major new policy overhaul effective April 5th.

Posted by Julia Huntsman on March 27, 2010 at 12:35pm

Julia Huntsman

New Requirements for HAMP Loan Modifications

The U.S. Dept. of the Treasury and the Dept. of Housing and Urban Development (HUD) have updated guidance for servicers (or banks) participating in the Home Affordable Modification Program (HAMP). The guidelines, designed to help improve the conversion from trial loan modifications to permanent modifications, takes effect June 1; however, mortgage servicers may elect to implement the guidelines sooner.



The updated process requires that servicers collect three documents… Continue

Posted by Julia Huntsman on February 1, 2010 at 11:00am

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