http://www.loanmitigationadvocates.com The Path to Preserving your Home Ownership Mon, 23 Aug 2010 21:54:16 +0000 http://backend.userland.com/rss092 en Bankrate.com  conducts a weekly national survey on the interest rates for the five most common consumer banking products.  Here’s the outcome for 8/19/2010: 30 Year Fixed Rate: 4.63 percent 30 Year Fixed Rate Jumbo: 5.26 percent 15 Year Fixed Rate: 4.11 percent 5/1 ARM (Adjustable): 3.95 percent 1 Year ARM (Adjustable): 4.80 percent  According to the Mortgage Bankers ... http://www.loanmitigationadvocates.com/2010/08/mortgage-rate-update-ending-8192010/ At Loan Modification Advocates, we have seen a steady increase in our ability to push loan modifications through to success.  The Treasury Department recently came out with statistics that showed more than 299,000 homeowners received permanent loan modifications as of last month. That equates to around 25% of the 1.2 ... http://www.loanmitigationadvocates.com/2010/05/are-loan-modification-success-stories-increasing-or-decreasing/ Bankrate.com conducts a weekly national survey on the interest rates for the five most common consumer banking products.  Here’s this week’s outcome: 30 Year Fixed Rate: 5.12 percent 30 Year Fixed Rate Jumbo: 5.94 percent 15 Year Fixed Rate: 4.49 percent 5/1 ARM (Adjustable): 4.31 percent 1 Year ARM (Adjustable): 4.91 percent  Mortgage applications rose. Applications for new purchases ... http://www.loanmitigationadvocates.com/2010/05/mortgage-rate-update-ending-050610/ At Loan Mitigation Advocates we take pride in trying to help our clients preserve their home ownership.  Loan modification is the preferred method to resolving a homeowner’s hardship.  However, there are times when someone’s situation cannot be resolved through loan modification and the only possible solution may be to short ... http://www.loanmitigationadvocates.com/2010/02/foreclosure-or-short-sale-complete-think-again/ Bankrate.com conducts a weekly national survey on the interest rates for the five most common consumer banking products.  Here’s this week’s outcome: 30 Year Fixed Rate: 5.15 percent 30 Year Fixed Rate Jumbo: 5.93 percent 15 Year Fixed Rate: 4.56 percent 5/1 ARM (Adjustable): 4.63 percent 1 Year ARM (Adjustable): 4.92 percent  Mortgage applications rose compared to a ... http://www.loanmitigationadvocates.com/2010/01/mortgage-rate-update-ending-012010/ The government is not happy with the results from its foreclosure-prevention efforts.  Mortgage companies are not doing enough to help homeowners avoid losing their homes.  The Obama administration has vowed to spend the next several weeks to increase the pressure on the mortgage industry. In a recent Associated Press article on ... http://www.loanmitigationadvocates.com/2009/12/mortgage-industry-to-receive-pressure-from-the-obama-administration/ Despite recent figures showing that house prices have increased for the last three months, concerns for this winter are starting to appear that housing may be in for a deep freeze. Three main factors are at the focal point of the debate: the tax credit expiration, default and distress sales ... http://www.loanmitigationadvocates.com/2009/10/home-sales-to-be-tested-this-winter/ Credit has been making headlines recently and is quite a serious subject.  With many homes turning to short sales and foreclosures, some homeowners don't realize the huge impact that a short sale or foreclosure can have on their credit and subsequently their future buying power. In a recent article by Strategic ... http://www.loanmitigationadvocates.com/2009/10/focus-your-attention-on-credit/ Some experts argue that the worst is behind us and others are predicting the worst is yet to come. Here are a few recent reasons in support of a market recovery: New Home Builds Based on a government report, new home building increased in August.  The Census Bureau reported that builders broke ground ... http://www.loanmitigationadvocates.com/2009/09/is-the-housing-market-set-for-a-rebound/ Bankrate.com conducts a weekly national survey on the interest rates for the five most common consumer banking products.  Here’s this week’s outcome: 30 Year Fixed Rate: 5.52 percent 30 Year Fixed Rate Jumbo: 6.44 percent 15 Year Fixed Rate: 4.84 percent 5/1 ARM (Adjustable): 4.86 percent 1 Year ARM (Adjustable): 5.19 percent  Mortgage applications were higher for the ... http://www.loanmitigationadvocates.com/2009/08/mortgage-rate-update-ending-081909/