Tag Archives for " under water "

Only 14% of newly delinquent Bank of America mortgages qualify for HAMP (Housing Wire)

In an article by Jon Prior published in HousingWire yesterday, of 100 Bank of America mortgages that have reached 60 day delinquency sampled, only 14% qualified for the HAMP program. The following is an excerpt from this article. “The Home Affordable Modification Program came under fire at the end of February from lawmakers claiming it has caused […]

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December 14, 2010

There are HAFA Success Stories!

The following is from CDPE.com The following story was sent to CDPE.com by CDPE Steve Gillespie of Keller Williams Realty at the Lakes in Celebration, Florida, and represents the determination to succeed against the odds of getting HAFA short sale approval: “An 80 year-old semi-retired professional and his 60 year-old wife were $400,000 underwater in […]

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More NEW Homeowners are Becoming Delinquent – CDPE

Reposted from a www.CDPE.com Blog entry: According to the Federal Reserve Bank of New York, 2.7% of current mortgage balances transitioned to delinquency, up from 2.6 percent last quarter. Additionally, industry research firm Foresight Analytics predicts residential mortgage delinquencies at 13.3% for the third quarter. New threads are popping up every day on ActiveRain, RealTown […]

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