After the disappointing reach of the original Home Affordable Refinance Program, or HARP, the President took aim to revise the program. The new HARP 2.0 has been announced and is hoping to reach more homeowners in need and bring back a sense of stability to the real estate market and mortgage lending industry. Will You  … Read more

Reports of an improved job market, drop in the unemployment rate, settlement deals for unlawfully foreclosed homeowners and better mortgage debt solutions have brought a much needed sense of hope to Americans. It appears as though the economy is beginning to show some signs of recovery, albeit slow and small. The Future Mortgage Industry For  … Read more

Homeowners aren’t the only ones in the midst of foreclosure these days. New home construction  has slowed over the last few years and many companies have gone out of business. Those that are left still trying to bring new homes into the community have a tough market to battle, some of which have ended up  … Read more

Many homeowners were relieved to hear about the $25 billion mortgage settlement deal that was reached just a few short weeks ago. As many states prepared to accept the offer, homeowners have been waiting for their share of the payout. However, news broke last week that not all states would be getting their funds and  … Read more

Most creditors will act tough and put up some resistance when it comes to negotiating debts. However, more often than not you can get them to play ball with a little persistence. Credit negotiations are not always easy, but you can successfully arrange a deal if you know how to pursue them correctly. Big Requests  … Read more

In addition to the government and several state organizations, an independent alliance has been formed to offer help to struggling homeowners. HOPE NOW is an alliance between mortgage companies, investors and financial counselors whose aim is to reach distressed homeowners and help them find a solution to their mortgage debts. Keeping Hope Alive HOPE NOW  … Read more

The short sale process isn’t for everyone. With additional effort of securing an offer, waiting for the lender to approve or deny the sale and the stress of the foreclosure looming, many people simply avoid the process altogether. Even though the process can be completed successfully, some lenders use a specific system for procedural guidelines  … Read more

Research has shown that consumer confidence plays a significant role in the overall health of the economy, and the same is true for the mortgage lending industry. While most people will quickly report that they have  lost a lot of faith in the mortgage lenders and the ability to successfully maintain home ownership, new studies  … Read more

This year taxpayers will get a chance to participate in a new IRS program designed to help those who cannot afford to pay their tax debts. Deemed the Fresh Start initiative, the IRS is granting eligible taxpayers two new ways to manage their tax debts this season. Don’t Forget The Form The IRS will be  … Read more

While the Department of Housing and Urban Development (HUD) is certainly no stranger to the mortgage lending crisis, they have begun taking on new tasks in effort to help bring a sense of closure. HUD has been involved in investigations of wrongdoing and increased regulation practices in recent months. Taking Action HUD investigators are reporting  … Read more