How Credit Repair is Affected by Financial Tools

Loan modification affects
Experts are estimating that mortgage loan modification will help millions of Americans by the end of the recession but how does it affect credit repair, credit score and overall financial long-term viability? Consumers are concerned with the long-term effects of loan modification. This includes what tax implications are [...]

bailout - it´s the homeowners in that are in distress

Foreclosure Filings Not Easing Up

More homes seized in February
It appears President Barack Obama’s foreclosure prevention plan came too late for some. Foreclosures in February this year were 30 percent higher than last year. A total of 290,631  homes received a default or auction notice, and that includes 161,976 households that were notified for the first time, [...]

foreclosure

Freddie Mac Comes Back for More Bailout

Mortgage company needs more funds
Freddie Mac, a company that has already received billions of dollars of government funding, is asking for another $30.8 billion from the U.S. Treasury.
Right now taxpayers own 79 percent of the company, after the government moved the company into conservatorship in September.
Troubled times
Freddie Mac says it [...]

freddie_mac

How to Use the Fast Cash Advance of Obama’s Mortgage Plan

Fast cash advance for endangered families
President Obama’s plan to revamp the mortgage industry and save families – including the octuplet mom and her kids – from foreclosure is now in full gear, like a fast cash advance for the afflicted. As part of the package, mortgage lenders like Citigroup and [...]

You may already be safe from foreclosure!

Obama Plans to Help Homeowners with Bad Credit and Personal Loans

Bad credit plus personal loans equals crisis
A mixture of bad credit and personal loans has caused millions of Americans to face foreclosure on their homes. Now President Barack Obama has revealed his plan to help up to 9 million Americans keep their homes.
Obama will use money from the $700 billion [...]

Obama hopes to help homeowners avoid this fate.

Cash Advance Loans News Break: Lawsuits allege predatory lending practices

A Reno lawyer is seeking class-action status for several U.S. District Court lawsuits alleging predatory practices by major lenders that have left his clients facing foreclosures and threatened sales of their homes.
Quoted With Edits From: Lawsuits allege predatory lending practices (AP via Yahoo! Finance)
Predatory lending practices have really gained a [...]