Millions of Mortgage, Rent, and Student Loan Payments Missed Due to Covid-19

3.3 Million Homeowners Missed Mortgage Payments in September 2020 According to the National Mortgage News, 12.4% of homeowners missed loan payments during the last 6 months alone. The report quoted Gary Engelhardt, professor of economics at Syracuse University.  “There is growing concern that absent a slowdown in the number of coronavirus cases and another round […]

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Here is What You Need to Know About the Loss Mitigation Program

For many people here in the United States, there are few things more intimidating than filing for bankruptcy. However, fortunately, many Americans are relieved to learn that filing for bankruptcy may actually be one of the best decisions they’ve ever made. If you are considering filing bankruptcy to halt foreclosure on your home, you may […]

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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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