Loan Modification Program Proves to be Ineffective

The Obama administration’s Home Affordable Modifications program, under which distressed homeowners are being helped by modifying their mortgage loans so that they can avoid foreclosure, is likely to prove ineffective.

The latest statistics released by the Treasury Department and the Housing and Urban Development Department show that the number of borrowers who are defaulting on modified mortgage loans is quite high. Last month, the number of ‘cancelled’ loans doubled and reached close to 3,000 from around 1,500 in February. An even larger number have not been making their mortgage payments on time. [Read more…]

Housing Crash Has Not Reduced Desire for a Home Fannie Mae

Although the housing sector has not really regained its balance after the recession left borrowers struggling to keep their heads above water, Americans still appear to view buying a house as an essential expense. But the volatility in the market has taken its toll and potential home owners and investors are using extreme caution when actually finalizing a home deal. [Read more…]

Bank of America Announces Loan Forgiveness Plan

Bank of America has announced that it will start forgiving some portion of home loans of borrowers who have underwater mortgages. The company said that the scheme would allow borrowers to save their home from going into foreclosure. [Read more…]

Expected Homeowners to Get Relief under the Loan Modification Program

In a Treasury report released on Tuesday, the initial estimate of homeowners getting relief under the Obama administration’s Loan Modification Program has been slashed down by more than half. The initial estimate of helping 4 million homeowners is now expected to go down to 1.5 to 2 million homeowners likely to receive aid under the program. [Read more…]

Will Your Insurance Pay for Damage Caused by a Fallen Tree?

Recently, strong winds wreaked havoc in many states and left a lot of property damaged. In many cases, it was the falling trees that were responsible for most of the damage. Falling trees wrecked cars, power lines and even entire homes. Naturally, most homeowners ran to their insurance agencies. But does your insurance cover such cases? That depends on a number of variables. [Read more…]

Home Bottom #1 Widget

This is a widgeted area which is called Home Bottom #1. It is using the Genesis - Featured Post widget to display what you see on the Enterprise child theme demo site. To get started, log into your WordPress dashboard, and then go to the Appearance > Widgets screen. There you can drag the Genesis - Featured Post widget into the Home Bottom #1 widget area on the right hand side. To get the image to display, simply upload an image through the media uploader on the edit post screen and publish your post. The Featured Post widget will know to display the post image as long as you select that option in the widget interface.

Home Bottom #2 Widget

This is a widgeted area which is called Home Bottom #2. It is using the Genesis - User Profile widget to display what you see on the Enterprise child theme demo site. To get started, log into your WordPress dashboard, and then go to the Appearance > Widgets screen. There you can drag the Genesis - User Profile widget into the Home Bottom #2 widget area on the right hand side.

Home Bottom #3 Widget

This is a widgeted area which is called Home Bottom #3. It is using a text widget to display what you see on the Enterprise child theme demo site. To get started, log into your WordPress dashboard, and then go to the Appearance > Widgets screen. There you can drag a text into the Home Bottom #3 widget area on the right hand side.