Home foreclosures are reaching record levels in many parts of the country. And it’s no wonder, since most people who can’t make their payments do the opposite of what they should. If you’re behind in your mortgage, heed this expert advice from money reporter Stacy Johnson.
www.60minuteloanmod.com LOAN MODIFICATION Hardship letter – IS IT RIGHT FOR ME? Free 60 Minute Loan Modification info CD We strongly support efforts to improve the collection of data on loan-modification activities. We encourage the institutions we supervise that service subprime mortgage loans to report on their progress in a consistent way. This will make it easier for regulators, the mortgage industry, lawmakers, and homeowners to assess the effectiveness of these efforts, said Federal Reserve Board Governor Randall S. Kroszner.
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