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2 selected videos
Loan Modification Tips for Lender Negotiations
The Loan Modification Outlet's Bryan Dornan interviews Jeff Morris, a former California mortgage broker about the home financing industry for loan modifications. Morris talks about what real mortgage solutions are available today and reflects on how the loan modification market arose after the subprime mortgage crisis and foreclosure crisis drove mortgage lenders to consider payment reductions to keep borrowers in their homes. After property values dropped significantly each year, lending...
Related topics : mortgage loan modification tips / equity loan mortgage lenders / mortgage loan home equity / loan mortgage rates today / low rate loans
Mortgage Loan Modification & Lender Loan Workouts
The Loan Modification Outlet interviews Jeff Morris, former Ditech executive about the market for loan modification agreements. Morris discusses the simple economics that mortgage lenders do not want to take homes anymore in foreclosure because the home values have declined so much. It makes financial sense for them to extedn loan workouts with low rate loan modifications rather than seizing properties from home loan defaults. Mortgage lenders continue to report that foreclosures rates are...
Related topics : loan modification mortgage / mortgage rate home loan / low rate loans / rates home loan / loan workout
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