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The Federal Reserve released documents showing how U.S. mortgage servicers pledged to overhaul faulty foreclosure practices that led to this month’s $25 billion settlement with state and federal authorities. Bank of America Corp. (BAC), Wells Fargo & Co. (WFC) and JPMorgan Chase & Co. (JPM) were among lenders that submitted the so-called action plans following […]
It’s been nearly a half decade since the housing market imploded like an old stadium packed with explosives and the ground is still rumbling from the impact. Realizing it’s better to recover some money now rather than trying to get all their cash back eventually, more banks are making it easier for homeowners to unload their houses […]
Learn how to obtain a loan modification and what to avoid when submitting a mortgage loan modification package to your bank.