their-mortgages

Mortgage Modifications

(ABC 6 NEWS) — Home mortgage interest rates are at all time lows and many people are thinking about modifying their mortgages to take advantage. What some people don’t know is there are several organizations in Minnesota that will help “for free”.

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Mortgage Modifications

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Workshop offers Coachella Valley homeowners on-the-spot mortgage options (The Desert Sun)

Homeowners in the Coachella Valley and across Riverside and San Bernardino counties who have mortgages through Wells Fargo and Wachovia Mortgage will have an opportunity to get “on-the-spot” options for their mortgages during a three-day workshop that begins Saturday.

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Workshop offers Coachella Valley homeowners on-the-spot mortgage options (The Desert Sun)

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Lloyds aids mortgage overpayments (BBC News)

UK mortgage lender Lloyds Banking Group is encouraging borrowers to pay off up to 20% of their mortgages early.

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Lloyds aids mortgage overpayments (BBC News)

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Mortgage servicers offer aid plan for jobless (CNN Money)

The Mortgage Bankers Association proposed a forbearance program Wednesday aimed at helping the unemployed pay their mortgages for up to nine months.

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Mortgage servicers offer aid plan for jobless (CNN Money)

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Roger Lowenstein: The Case For Walking Away From Your Mortgage (The Huffington Post)

What’s Your Reaction? John Courson, president and C.E.O.

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Roger Lowenstein: The Case For Walking Away From Your Mortgage (The Huffington Post)

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UPDATE: Citi Says Mortgage Principal Forgiveness Must Rise (Nasdaq)

(Adds comments from Citigroup spokesman in the eighth and ninth paragraphs.) NEW YORK -(Dow Jones)- As unemployment rises, more borrowers need principal forgiveness on their mortgages, not just restructured loans, Citigroup Inc.’s ( C) mortgage chief said.

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UPDATE: Citi Says Mortgage Principal Forgiveness Must Rise (Nasdaq)

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Defendants in fraud mortgage-securities fraud case appear in court (The Press-Enterprise)

In jail jumpsuits and shackles, the seven people accused of operating a $142 million mortgage and securities fraud centered in Southwest Riverside County appeared in Riverside County Superior Court on Monday.

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Defendants in fraud mortgage-securities fraud case appear in court (The Press-Enterprise)

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Citi Says Mortgage Principal Forgiveness Must Rise (Nasdaq)

NEW YORK -(Dow Jones)- As unemployment rises, more borrowers need principal forgiveness on their mortgages, not just restructured loans, Citigroup Inc.’s ( C) mortgage chief said.

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Citi Says Mortgage Principal Forgiveness Must Rise (Nasdaq)

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Davie pastor, wife convicted of $7 million money laundering, mortgage fraud (Miami Herald)

A Miami-Dade pastor and his wife were convicted Monday for their roles in a $7 million money-laundering and mortgage-fraud scheme. Garry and Yvonne Souffrant, both 33, who live in Davie, stood trial in Miami federal court on charges of conspiring to defraud banks and launder drug traffickers’ profits to buy more than a dozen residential properties in South Florida and Georgia from 2002 to 2008.

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Davie pastor, wife convicted of $7 million money laundering, mortgage fraud (Miami Herald)

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Nevada, California hit hardest as mortgage delinquencies hit another record (Tahoe Daily Tribune)

Nevada, California hit hardest as mortgage delinquencies hit another record Associated Press NEW YORK (AP) - The good news is that the pace at which people fell behind on their mortgages slowed during the summer for the third quarter in a row. The bad news is the overall delinquency rate hit another record. The statistics, which are culled from TransUnion’s database of 27 million consumer …

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Nevada, California hit hardest as mortgage delinquencies hit another record (Tahoe Daily Tribune)

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