Lawmaker Pushes Bill To Protect Homeowners’ Credit Score After Loan Modification
U.S. Representative Jackie Speier has introduced a bill in Congress that if passed would help protect the credit scores of homeowners who receive permanent mortgage modifications. Currently, the credit scores of homeowners who receive...
Why Legislators Should Restrict Interest Rates For Delinquent Borrowers
Senators Charles Schumer and Tom Harkin have the right idea about what Americans need right now. The legislators have vowed to push both the Federal Reserve and Congress to provide more protection for credit...
Mortgage Modification Failures Outstrip Success
According to recent report on the federal government's foreclosure-prevention effort, the number of homeowners leaving the program exceeds the number of homeowners receiving new loan modifications. More than 91,000 homeowners cancelled their government loan...
Do You Qualify For A Mortgage Modification?
Are you facing foreclosure and hoping to get a mortgage modification? If so, there are few things that you need to know. While the mortgage modification program has been promoted as the fix-it all...
The Dangers Of Co-Signing A Parent’s Loan
The current economy has many parents turning to their adult children for help getting access to credit. But what are some of the dangers of adult children co-signing a parent's loan? Your parents can't...
Walking Away From Your Mortgage During Bankruptcy
More and more debtors are becoming tired of the hassles they face when trying to modify their mortgage and more of them are deciding to file bankruptcy and walk away. Things you should know...
Drawbacks Of A Reverse Mortgage?
Many seniors looking for ways to stretch their dollars, fix debt problems, avoid bankruptcy and enjoy their golden years often consider reverse mortgages which they don't need to repay until after they move or...