Archive for: Loan Modification

Plan Allows Bankruptcy Judges to Modify Loans

Yesterday, Citigroup and the democratic party made a statement regarding Loan Modifcations. In a few words they said, “loan modifications are not going anywhere for some time and you better get used to it”. They said this buy creating...

 

Loan Mods, The New Sub-prime

There has been a subprime-esque bubble growing in the world of loan modifications. I know of several shops that have moved almost entirely from originating loans to facilitating loan modifications for profit. Many lead providers have also started...

 

Up Next, The HomeOwner Bailout.

While loan modifications seem to be as popular as standing on the corner of Main Street with a “Vote Yes for Prop 8″ sign in my conservative neighborhood, the government is set to announce their own loan modification plan of its...

 
 
 
 

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