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Tag Archive for 'mortgage modification'

The Truth About Mortgage Modification: What www.MakingHomeAffordable.com Doesn't Tell You

Published by Gina Pogol on October 02, 2009 in Foreclosure . 1 Comments

You're in trouble with your home loan. Your income has dropped. Your expenses have not. You've been dipping into your savings to make your payments, and they're almost gone. Your retirement account is all you have left. Can you get a mortgage modification? You check www.makinghomeaffordable.com and take the quiz on the site to see ...

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Mortgage Modification May Not End Mortgage Credit Problems

Published by Gina Pogol on October 01, 2009 in Foreclosure . 1 Comments

Over half of homeowners who get a mortgage modification or forbearance don't get the happy ending they expected. They simply get behind on their payments again according to a new report by bank regulators. More than 50% of mortgage borrowers with loans modified in the first half of last year had missed at least two ...

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New Legislation May Help You When Your Lender Won't

Published by Gina Pogol on September 09, 2009 in Foreclosure . 0 Comments

The chairman of the House of Representatives Financial Services Committee said that he plans to keep working on legislation to reduce mortgage balances via bankruptcy proceedings, and that the lame performance of lenders, some of which received taxpayer bailout funds and have yet to modify a single mortgage, increases the support for that legislation. ...

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Credit Card Debt Help: Get it Before You Try for a Mortgage Modification

Published by Gina Pogol on August 02, 2009 in Mortgage Refinance . 2 Comments

Okay, you know you're in trouble--too much personal debt and a mortgage you can't handle. But there's a tightrope you need to walk in order to score a mortgage modification. You have to have enough income to qualify for a modification--that is, you need to prove that you can successfully make the new payment--but you ...

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In Trouble with Your Mortgage? So Are a Lot of Experts

Published by Gina Pogol on June 29, 2009 in Foreclosure . 1 Comments

It's not just the sixth-grade drop-outs who are having mortgage problems. And not just the "greed is good" Wall Streeters either. And not the big spenders who partied like it was 1999 even though it was 2009 and they weren't pulling in the big bucks anymore. And the Realtors? The ones who many think stretched ...

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Should You Skip Mortgage Payments to Get a Better Deal?

Published by Gina Pogol on December 10, 2008 in Uncategorized . 0 Comments

Watching your neighbor with the three cars, RV, and boat get a mortgage bailout and a lower rate--while you keep paying more--is tough. You'd like to refinance to a better rate, but your home value is down and there's no equity for refinancing. And there's your irresponsible buddy down the street, seemingly being rewarded for ...

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2.5 Million Served - Foreclosure Prevention Is Working

Published by Gina Pogol on October 28, 2008 in Foreclosure . 0 Comments

HOPE NOW, the private sector coalition of ownership counselors, mortgage lenders and servicers, and investors has focused its efforts on preventing foreclosures and keeping homeowners in their residences. As of today, the organization reported that nearly 2.5 million homeowners have avoided foreclosure and been able to stay in their homes since July 2007. In ...

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About Mortgage Credit Problems

Specializing in Bad Credit Mortgages… Because Life Doesn’t Always Turn Out Like You Planned. A sick child, a few late bills, or an unexpected expense can easily get you off track and your credit may suffer, but we don't think you should miss out on the opportunities available to everyone else.

Gina Pogol

Gina Pogol

About the Author:

Gina Pogol writes for an online media company about mortgage and finance. In addition to a decade in mortgage lending, she formerly consulted for Experian and other credit bureaus, and worked as a tax accountant for Deloitte. She has a BS in Financial Management from the University of Nevada.

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Recent Comments

  • Capsiplex: Interesting idea, where can I learn more about this?
  • Plavuse: Ues, but not everthing black and white, something is gray :) Miranda
  • Robin: If you have a bad credit history still the loan market place is full of lenders who are ever willing to offer you a...
  • Laura: similar situation to Crystal above. Except, our FHA mortage was included in BK, but we have kept the payments up and...
  • Edward De La Rosa: was on a forbearance program with two months left and now I am on permanent social security disability income.Do I...
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  • Sonia Samber: Hello! I just wanted to take the time to make a comment and say I have really enjoyed reading your site. Thanks for all...