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A brief overview of the structure and function of bankruptcy courts.
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Loan Modification
HUD - Loan Modification Frequently Asked Questions
FHA Loan Articles - What You Should Know About Obama Loan Modification
Freddie Offers New Loan Mod Option
September 13, 2011 - Financially distressed homeowners with Freddie Mac mortgages will have a new option for loan modifications beginning next month.
Where's My Super-Cheap Mortgage?
September 11, 2011 - With mortgage rates at a 50-year low and banks near his Brookline, NH, home touting offers of 4% or less, Tom Rogers thought it would be a perfect time to refinance. But in spite of a solid credit score, after an exhaustive survey of lenders in the area and online, Mr. Rogers couldn't find a single one willing to give him such a rock-bottom rate. He eventually settled for a mortgage almost a full percentage point higher than what he had hoped for.
Promised Help Is Elusive for Some Homeowners
June 2, 2009 - She had seen the advertisements for the new government program offering relief. She had heard President Obama promise that help was on the way for homeowners like her, people who had lost jobs and could no longer make their mortgage payments.
Mortgage help: Do you qualify?
Feb. 19, 2009 - President Obama's new real estate rescue plan offers two key possible benefits: More refinancing opportunities and greater chance for a loan modification.
HUD: Loan Modification Frequently Asked Questions
Aug. 29 2008 - A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.
Credit Score
Federal Trade Commission – Free Annual Credit Reports is the ONLY authorized source to get your free annual credit report under federal law.
Don't Assume Credit Is Doomed: Steps to Boost Your Credit Score
March 15, 2011. Yahoo Finance
5 Biggest Myths About Your Credit Score
October 19, 2010 - As important as your credit score is to your financial health, very few people truly know how their scores add up. And plenty of consumers get it wrong on the important questions, like how to raise your score or how long a black mark lasts.
Fixing Credit Report Errors
September 20, 2010 - The majority of credit reports contain at least one error, most of which are in the form of incorrect or missing account information. Even if these errors aren’t your fault, they can come back to bite you. One possible impact can be a lower credit score.
Feds Taking Another Look At Mortgage Modification Programs - Officials hope to help more struggling homeowners
September 12, 2011 - Three years into a stubborn foreclosure crisis, the Federal Housing Finance Administration (FHFA) said it is considering changes to the government's home refinancing programs to make them available to more consumers.
Regulator says mulling wider mortgage support
September 9, 2011 - The regulator for Fannie Mae and Freddie Mac said on Friday it was considering ways to make it easier for borrowers to refinance their loans, a step President Barack Obama has called for to help the economy.
The Economy
Mortgage News Daily – Market Data Center: Historic Mortgage Rates
Freddie Mac - 30-Year Fixed-Rate Mortgages Since 1971
Underwater homes little changed in Q2: CoreLogic
September 13, 2011 - The number of U.S. homeowners underwater on their mortgages was little changed in the second quarter at 22.5 percent, data analysis company CoreLogic Inc said on Tuesday.
Lawmakers debate housing finance reform
September 13, 2011 - Top Senate lawmakers on Tuesday laid bare long-standing differences on how to wind down government-sponsored mortgage enterprises Fannie Mae and Freddie Mac, underscoring the difficulty Congress will face in revamping the U.S. housing finance system.
New-home sales dip in July
August 23, 2011 - New-home sales fell once again in July, the third straight month of declining sales for hard-pressed home builders.
Number of troubled mortgages on rise again
August 22, 2011 - In another hit to the beleaguered housing market, a report out Monday found that the number of delinquent mortgage borrowers -- those who have missed at least one payment -- rose during the second quarter.
Don't Expect A Housing Market Recovery Until 2014
May 19, 2011 - Own a home? Brace yourself for an even longer recovery than anticipated.  A new homeowners survey released jointly by and RealtyTrac suggests we won’t see a housing recovery until 2014 at the earliest now.
Mapping Change In The U.S. Housing Bubble: 2000-2010 [CHART]
April 27, 2011 - Change in U.S. Housing Prices: 2000 - 2010
Why Do Home Foreclosures Keep Rising? 6 Things You Need to Know
July 20, 2009 - Five months after the Obama administration unveiled a sweeping initiative designed to reach 9 million struggling homeowners, home foreclosures continue to rise at an alarming rate.
Hints of Hope Even as Jobless Rate Jumps to 9.4%
June 5, 2009 - The American economy shed 345,000 jobs in May, and the unemployment rate spiked to 9.4 percent, but the losses were far smaller than anticipated, amplifying hopes of recovery.
Why Home Prices May Keep Falling
June 6, 2009 - HOME prices in the United States have been falling for nearly three years, and the decline may well continue for some time.
Poking Holes in a Theory on Markets
June 5, 2009 - For some months now, Jeremy Grantham, a respected market strategist with GMO, an institutional asset management company, has been railing about — of all things — the efficient market hypothesis.
Coping with Crisis
Foreclosures Force Ex-Homeowners to Turn to Shelters
October 19, 2009 - The first night after she surrendered her house to foreclosure, Sheri West endured the darkness in her Hyundai sedan.
A Cul-de-Sac of Lost Dreams, and New Ones
August 22, 2009 - MORENO VALLEY, Calif. — The rose bushes are back in bloom on Beth Court, but the lawns on the block remain parched and browning, reminders of the absent families who once tended to them.
Austere Times? Perfect
April 11, 2009 - Thrift is re-emerging as a desirable consumer value, and devoted penny-pinchers are having the time of their lives.
In a Downturn, More Act as Their Own Lawyers
April 9, 2009 - The economic downturn is leading more people to forgo lawyers when facing a judge, raising questions of how fair the outcomes can really be.
Avoiding Foreclosure Scams
Freddie Mac - FIU case study: Foreclosure rescue scheme with an investment property scheme
Freddie Mac - Emerging fraud trends - foreclosure rescue scheme
California Foreclosure-Rescue Scheme Leader Sentenced
July 18, 2011 - A Washington state man has been sentenced to 25 months in prison for orchestrating a foreclosure rescue scheme that defrauded distressed homeowners more than $55 million.
Loan modifications a tricky thicket for those seeking homeowner help
Jan. 11, 2009 - Linda Chapman of Ojai, a self-employed tax accountant, says she has run into a series of difficulties while trying to get the terms of her home loan modified. Programs to help homeowners do so are in place, but the process is often long and complex.
OCC Consumer Tips for Avoiding Foreclosure Rescue Scams
May 16, 2008 - Foreclosures are increasing nationwide, and so are scams that promise to “rescue” homeowners from foreclosure. What these scams do is take your money, ruin your credit record, and wipe out any equity you have in your home.
Don't Become a Victim of These Mortgage Scams
Dec. 12, 2008 - We’re all at risk when it comes to fraud, but these days one group is especially vulnerable: people in danger of losing their homes.
The Bailout
Showdown Seen Between Banks and Regulators
April 11, 2009 - Industry executives are bracing for fights with the government over repayment of bailout money and forced sales of bad mortgages.
Obama: Aid 9 million homeowners
Feb. 18, 2009 - Wide-ranging $75 billion plan will use government money to subsidize rates and insure servicers against falling home prices.
Where the bailouts stand
Nov. 12, 2009 - Every day brings more news about the government's efforts to fix the economy. Here is how the plans are taking shape.
Housing fix will help many, but not all
Feb. 19, 2009 - Housing counselors and lenders both say Obama's program is a comprehensive approach that attacks the root of the economic crisis. But it won't help everyone.
Plan for Fannie and Freddie to refi loans faces legal issues
Feb. 24, 2009 - The Obama administration last week detailed how it wants to use Fannie Mae and Freddie Mac to refinance millions of mortgages for struggling homeowners who have little or no equity in their houses.
Loan Modification Resource Center
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Home Affordable Modification Program
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United States Courts – Bankruptcy
A brief overview of the structure and function of bankruptcy courts.
United States Courts – Bankruptcy
Chapter 7 – Liquidation Under the Bankruptcy Code
United States Courts – Bankruptcy
Chapter 13 – Individual Debt Adjustment
HUD - Loan Modification Frequently Asked Questions
FHA Loan Articles - What You Should Know About Obama Loan Modification


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