By hometeam on June 30, 2014 in Debbie Wheeler
Perhaps you’ve heard that the federal government has imposed new regulations on Servicers (entities who collect mortgage payments on behalf of investors) with the intent of improving the loan modification process. The Consumer Financial Protection Bureau (CFPB) imposed regulations on large Servicers effective January 10, 2014. Below is a partial list of timeline[...]
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By hometeam on June 3, 2014 in Debbie Wheeler
Oh what a beautiful morning! First call of the day started on a happy note. A former client, who had her first mortgage permanently modified on the Treasury’s “Making Home Affordable Modification Program” (also called “HAMP”) back in November, called to say her second mortgage was just modified on the Second Lien Modification[...]
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By hometeam on May 13, 2014 in A Day In The Life
Looks like March 2014 came in like a lion and out like a lamb. Well, maybe not weather wise but definitely on the loan modification front. In March, I received notification of eleven loans that were approved to begin a trial payment for a loan modification, one loan approved for a forbearance plan,[...]
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