As always, here is your monthly Mortgage Servicer Performance Report through October 2009 from the Treasury Dept. The pretty graphs show that housing inventory is increasing while mortgage rates, home prices and home sales are all dropping.  PHH...

I came across this article in the NY Times on Sunday about the fate of Vulture Funds (Troubled Investments).  Here is what is going on now in Wall Street…. Investors are buying discounted home loans from distressed banks. Mortgages are then...

1 in 4 UNDERWATER, You probably heard this yesterday, I sure heard it and read it in many places.  Roughly 23% of American Homeowners owe more than their house is worth1 and good luck refinancing, modifying or selling that bottomless pit.  “40% of...

The NY Times has an article online today about Philadelphia’s “conciliation conferences.”(1)  Basically when you are about to be foreclosed on, you and your bank meet at the courthouse and work out a solution.  The article did not say whether...

Ok, we have lots of news on the modification/foreclosure realm today.  First, I came across this article yesterday about mortgage modification programs.  Alan Zibel for the AP wrote that Obama’s HAMP plan has started reaching “1 in 5...