loan modification

Mortgage Insider tells the sad tale of an 85-year-old widow, living alone with no surviving family members to turn to, who is about to lose her home. Rita Gillam lived in her Orange County, Calif., home for 50 years. It is scheduled for a foreclosure auction sale today.
Gillam, a widow, said she has owned hair [...]

There’s a lot of buzz already about New York Times economic reporter Edmund L. Andrews’ account of his personal financial crisis  in “Busted: Life Inside the Great Mortgage Meltdown.” Mainly it’s because more than a few financial blogs regularly linked to Andrews’ coverage of the financial crisis. The same veteran reporter who covered the Federal [...]

Housing advocates have been pushing for years, without success, for changes in federal law to allow bankruptcy judges to modify mortgages. The idea was a non-starter during the Bush Administration, since lenders strongly opposed it. But American Banker (subscription required) reports today that lawmakers may have reached a comprise allowing the mortgage modifications in some [...]