Tag Archives: loan modification

HAMP Loan Modifications Extended

HAMP Loan Modifications will continue to be available to homeowners “through December 31, 2015.” The original program deadline was December 31, 2013. “The U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development today announced an … Continue reading

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Fannie and Freddie No Doc Loan Modification

Fannie Mae and Freddie Mac to offer No Documentation Loan Modification Program The Program Fannie Mae and Freddie Mac will offer a simplified loan modification process. Beginning July 01, 2013, servicers will be required to offer borrowers who are at … Continue reading

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Short Sale my only option?

I already modified my mortgage, but because of new circumstances I am late again. Must I Short Sale my home now? Not necessarily. You may be able to get another modification based on your “new circumstances.” The HAMP guidelines were … Continue reading

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Mortgage Forgiveness Act Extended

The Mortgage Forgiveness Debt Relief Act Extended until January 1, 2014 Congress has voted to extend The Mortgage Forgiveness Debt Relief Act of 2007. This act allows taxpayers to exclude income earned from a discharged debt on their principal residence, … Continue reading

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