Monthly Archives: September 2010

What do Lenders do to get to 31%

If I qualify for a HAMP loan modification, what will my servicer do through HAMP to get my new modified payment down to 31% of my gross income? * Lower the interest rate. Treasury is providing incentives to your servicer to … Continue reading →

LPS: More Delinquent Loans Entering Foreclosure Process

Lender Processing Services (LPS) is offering a sneak peak at its upcoming mortgage market report, scheduled for release September 24. The company’s study will show that the national home loan delinquency rate has retreated, while the foreclosure rate is on … Continue reading →