Borrowers looking to score mortgage modification
See details of the mortgage modification policies for each institution: . this type of modification, known as "principal reduction" or "forgiveness of debt," is offered .
http://www.bankrate.com/finance/mortgages/borrowers-looking-to-score-mortgage-modification-1.aspx
OTN: mortgage modification with principal reduction
Joe Sestak: Principal Reductions Can Save the Economy... By ...
Aug 16, 2012 . Such a principal reduction and equity sharing modification requires that borrowers continue to be responsible for their own mortgages, and that .
http://www.huffingtonpost.com/rep-joe-sestak/principal-reductions-can_b_1788587.html
Bank Of America Is Reducing Mortgages--Why Won't Freddie And ...
Jul 31, 2012 . Mortgage principal reductions by Fannie and Freddie could result in savings of $3.6 billion compared to standard GSE loan modifications and .
http://www.forbes.com/sites/halahtouryalai/2012/07/31/bank-of-america-is-reducing-mortgages-why-wont-freddie-and-fannie/
Bank of America Offers Principal Reductions to 200,000 ...
May 8, 2012. letters offering certain customers mortgage principal reduction. . sure that the principal reduction modification would net Bank of America or .
http://finance.yahoo.com/news/bank-of-america-offers-principal-reductions-to-200-000-homeowners.html
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Mortgage Modifications and Principal Reductions |
Mortgage Modifications and Principal Reductions. Posted August 21, 2012 by thomas. With as many as 1 out of 5 homes unoccupied, and over 30 percent of .
http://vaerdi.com/2012/08/mortgage-modifications-and-principal-reductions/
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Bank of America Offers Principal Reductions to 200,000 - CNBC
May 8, 2012 . A select group of struggling mortgage borrowers are about to get an offer that . 200000 letters offering certain customers mortgage principal reduction. . not to, you will not get this principal modification,” says Sturzenegger.
http://www.cnbc.com/id/47331680/Bank_of_America_Offers_Principal_Reductions_to_200_000_Homeowners
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Will Mortgage Principal Reductions Work? - The Home Front ...
May 10, 2012 . Their monthly obligation remains unchanged. To be effective, principal reductions need to happen in the context of a mortgage modification: A .
http://www.usnews.com/news/blogs/home-front/2012/05/10/will-mortgage-principal-reductions-work
Principal Reduction Alternative Under the Home Affordable ...
Aug 4, 2012 . If a HAMP modification of such a mortgage loan includes a PRA principal reduction, the government makes additional incentive payments over .
http://www.irs.gov/uac/Principal-Reduction-Alternative-Under-the-Home-Affordable-Modification-Program
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Loan Forgiveness Through The Principal Reduction Alternative ...
Your loan is owned by an investor that allows for this principal reduction modification. Your loan is 60 or more days delinquent. Your mortgage payments are .
https://www.indymacmortgageservices.com/Blog/indymac/Loan-Forgiveness-Through-The-Principal-Reduction-Alternative/
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Principal Reduction Alternative (PRA)
Feb 10, 2012 . Principal Reduction Alternative (PRA) . to help you by encouraging mortgage servicers and investors to reduce the amount you owe on your home. . Veteran's Administration Home Affordable Modification (VA-HAMP) .
http://www.makinghomeaffordable.gov/programs/lower-payments/Pages/pra.aspx
Bank of America Offering Mortgage Principal Reductions ...
May 9, 2012 . Mortgage modifications in which the principal is reduced have been very rare; more common variations involve extending the term of the loan .
http://moneyland.time.com/2012/05/09/behind-on-your-bank-of-america-mortgage-relief-may-be-in-the-mail/
Mortgage Principal Reductions Weighed for Fannie, Freddie ...
May 16, 2012 . Instead, he touted the GSEs' existing mortgage-modification programs, . Likewise, FHFA has said any nationwide principal reduction program .
http://www.bloomberg.com/news/2012-05-16/mortgage-principal-reductions-weighed-for-fannie-freddie.html
Bank of America Starts Mortgage Reduction Effort - NYTimes.com |
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Fannie, Freddie regulator says no to reducing mortgage principal
Jul 31, 2012 . DeMarco has been facing tremendous pressure to allow the government- controlled mortgage titans to reduce the principal on mortgages they .
http://money.cnn.com/2012/07/31/real_estate/fannie-freddie-principal-reduction/index.htm
From Fox Business
Mortgage-debt forgiveness preventing foreclosures - Jun. 22, 2012
Jun 22, 2012 . That's compared with 23% of borrowers who received mortgage modifications with interest rate reductions (but no principal reduction) and 30% .
http://money.cnn.com/2012/06/22/real_estate/mortgage-debt/index.htm
Important information for our customers on the Attorneys General ...
For qualified borrowers with financial hardship, expanded first and second mortgage modifications that broaden the use of principal reduction to help customers .
https://www.wellsfargo.com/downloads/pdf/homeassist/attorneys_general_settlement.pdf
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The Principal Reduction Program (PRP) - Keep Your Home California
PRP will provide monies to reduce the principal balance of the first mortgage through a loan recast or in conjunction with a loan modification that includes a rate .
http://keepyourhomecalifornia.org/programs/prp.pdf
Bank of America Extends Modification Offers Under Global Servicer ...
May 8, 2012 . "To the extent principal reduction and other modification tools help us turn mortgages headed for possible foreclosure into long-term performing .
http://mediaroom.bankofamerica.com/phoenix.zhtml?c=234503&p=irol-newsarticle&ID=1692738
Personal Finance
What the mortgage settlement means to you. - Apr. 9, 2012
Apr 9, 2012 . The amount of principal reduction will average about $20,000 per . principal reductions more often in their mortgage modifications programs.
http://money.cnn.com/2012/04/09/real_estate/mortgage-settlement-faq/index.htm
Study: Mortgage-Debt Forgiveness Is Most Effective Step For ...
Jun 22, 2012 . That's compared with 23% of borrowers who received mortgage modifications with interest rate reductions (but no principal reduction) and 30% .
http://thinkprogress.org/economy/2012/06/22/504592/study-mortgage-debt-forgiveness/
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Principal Reductions and Loan Modification without Hardship ...
Apr 11, 2012 . Principal Reductions and Loan Modification without Hardship . mortgage to get a principal reduction and applying for a loan mod while lying .
http://ml-explode.com/2012/04/principal-reductions-and-loan-modification-without-hardship-requirements/
Fannie, Freddie Regulator Holds Firm Against Mortgage Write ...
Jul 31, 2012 . Many experts say reducing mortgage principal can help troubled . that one big concern he has about principal reduction loan modifications is .
http://www.npr.org/blogs/thetwo-way/2012/07/31/157675159/fannie-freddie-regulator-holds-firm-against-mortgage-write-downs
Commentary
Home Mortgage Principal Reduction Is On: Housing Hurt Or Help ...
Jul 27, 2012 . Mortgage principal reductions are apt to rise soon. . the past couple years under the government's Home Affordable Modification Program.
http://news.investors.com/business-inside-real-estate/072612-619885-mortgage-principal-reductions-done-by-bank-of-america-wells-fargo-citi.htm?p=full
DeMarco won't allow principal reduction on Fannie, Freddie loans ...
Jul 31, 2012 . Advocates of principal reduction say it would reduce Fannie and Freddie . apply, complete a trial period and earn a permanent modification. . If borrowers who can pay their mortgage stop paying to win a principal reduction, .
http://blog.sfgate.com/pender/2012/07/31/demarco-wont-allow-principal-reduction-on-fannie-freddie-loans/
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Homeowners may see principal reductions- MSN Money
Mar 27, 2012 . A new incentive program for mortgage principal reductions might help more . under the government's Home Affordable Modification Program.
http://money.msn.com/home-loans/article.aspx?post=54fb5a3f-c7b3-4c18-af85-512674988e0b
The FHA Is on Board With Principal Reduction | Center for American ...
Jun 11, 2012. homeowners with government-backed mortgages modify their home . the likelihood of repayment—so-called mortgage principal reduction.
http://www.americanprogress.org/issues/housing/news/2012/06/11/11699/the-fha-is-on-board-with-principal-reduction/
