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Related posts:

1. Homeowners in HAMP Give Negative Feedback
2. Fannie Mae/Freddie Mac loan modifications increase in 2nd Quarter
3. Loan Modifications Update

Related posts:

1. Loan Modifications Update
2. Fannie Mae/Freddie Mac loan modifications increase in 2nd Quarter
3. Wells Fargo Settles with California—Will Provide $ 2 Billion in Loan Modifications

Fannie Mae and Freddie Mac loan modifications and refinancing increased in the 2010 second quarter. This was because the volume of permanent modifications under the Home Affordable Modification Program (HAMP) jumped 65 percent. In addition, refinancings under the Home Affordable Refinance Program (HARP) went up by 30 percent. These figures were recently released in FHFA’s 2nd Quarter 2010 Foreclosure Prevention & Refinance Report.

Other findings in the quarterly report included:

1. The overall loan modification volume increased 24 percent to…

On this week’s Preforeclosure Daily Grind “Tip of the Week” we tackle the latest way that Litton Loan Servicing is handling their loan modifications. We cover how they deal with sellers, agents and third party loss mitigation companies when they are servicing the 1st mortgage. We also go over what they are doing when they are servicing a 2nd loan and what debt collection company they are working with. Chase’s new practice regarding sellers that miss one payment and…

Called on a short sale file lately to be told that the seller qualifies under the HAMP program and that they have been sent a trial loan modification?

We called on a Bank of America file yesterday and had a rep spend 15 minutes touting the “amazing” savings that had been offered to the seller via a trial loan mod. She asked, “why do they want to do a short sale when they can stay in their home for 50%…