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25
Mar

Bank Of America To Write Down Home Loans

Posted by Janet Leicester (0) Comment

Bank of America, one of the biggest home loan lenders, announced Wednesday that it will begin forgiving mortgage principal for some under water homeowners who qualify for a federal home loan modification program.
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Category : Banking News | Blog
9
Mar

Emergency Loans To Help Jobless Homeowners

Posted by Janet Leicester (1) Comment

Emergency loans of up to $60,000 are being offered to jobless people who are struggling to make monthly payments on the mortgages. These loans are for as long as three years are to cover their monthly payments or take care of their arrears and thus prevent foreclosure.
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Category : Loans News | Blog
19
Feb

$1.5 Billion to Help Struggling Borrowers

Posted by Janet Leicester (0) Comment

President Obama is expected to announce today a $1.5 billion program to help borrowers in the five states hit hardest by the housing crisis.

The initiative calls for pumping money into state housing agencies in California, Arizona, Nevada, Florida and Michigan to fund programs to prevent foreclosure for people who are unemployed or who owe more than their homes are worth.
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Category : Loans News | Blog