Breaking News! An exciting new board game has just been introduced to the marketplace – THE MODIFICATION GAME! Not since the Great Depression have people
Doublethink: “…the power of holding two contradictory beliefs in one’s mind simultaneously, and accepting both of them. … To tell deliberate lies while genuinely believing in
Background. The residential loan market experienced tremendous growth between 2004 and 2007. Lenders were able to accommodate millions of borrowers, because they quickly sold the
“Why, anybody can have a brain. That’s a very mediocre commodity. Every pusillanimous creature that crawls on the Earth or slinks through slimy seas has
Well, these are interesting times. One would have thought short-cutting the lending process by making poorly underwritten loans would have been a wake-up call to
Fannie Mae provides on its website a Hardship Affidavit for homeowners to use as a part of the HAMP loan modification process. Predictably, the standard
The use of the NPV Test is the most critical part of a loan servicer’s decision to approve or disapprove a borrower’s request for help.
Fannie Mae has created a new term to refer to owners who fail to pay their home loan when – in Fannie’s opinion – they
After reading news articles and talking with Realtors and distressed borrowers, it has become more and more apparent that the federal government’s HAMP modification program
The National Association of Realtors has published some excellent summaries and charts for local markets. Their Oregon research covers Portland, Salem, and Eugene.
