The Consumer Financial Protection Bureau Orders More Relief for Homeowner’s Forbearance and Loan Modifications.

Taking effect July 1, the CFPB has instructed mortgage lenders to waive the requirement that loan modifications only be extended to customers who have submitted a complete loan modification application. Borrowers facing temporary hardships would benefit from a quicker and more efficient application process. The new rule would allow mortgage servicers to extend relief sooner if […]

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How Does The Loss Mitigation Program Work?

If you are someone who recently filed for bankruptcy to stop the foreclosure of your home, you should know that you most likely qualify for the Loss Mitigation Program of the Bankruptcy Court. In many cases, you can request a loan modification, which may qualify you either for a government loan modification program or for […]

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