Archive for September, 2011

Auto loan industry back in high gear

Three years after the mortgage meltdown brought on a global financial crisis, the housing market continues to suffer. But the auto loan market -- including the subprime sector -- is just about back to normal.

Mortgage modifications come up short

WASHINGTON — Jose Palomo was surprised when the knock on the door came in August, informing h

Arizona trying new ways to assist homeowners

Federal funding to help prevent foreclosures in Arizona is being expanded to more people because the effort has failed too many homeowners, according to the state agency charged with overseeing the program.
Loan modifications are not the answer. “More than 122,000 borrowers had their trial loan modifications canceled in April 2010, ...only about 68,000 homeowners were converted …to permanent modifications...” – Tami Luhby senior writer CNN, May 17 2010: See “Is the Mortgage Debt Relief Act Safe?” Expert Home SolutionsSan Diego, CA (PRWEB) September 30, 2011 According to Expert Home Solutions, the ...

Arizona trying new ways to assist homeowners

Federal funding to help prevent foreclosures in Arizona is being expanded to more people because the effort has failed too many homeowners, according to the state agency charged with overseeing the program.