Ocwen Financial Corp., a prominent subprime loan servicer and current Shandrow Group client, is officially the first mortgage servicer to begin modifying home loans as part of the Obama administration’s Making Home Affordable (MHA) program. The $75 billion government loan modification initiative enables at-risk borrowers lower their monthly payments to help them avoid foreclosure or more » Read more »
Obama’s Stimulus Package: What About Homeowners?
President Obama’s $825 billion proposed stimulus package may not put so much as a dent into the subprime mortgage crisis, but it might provide some relief for first-time homebuyers. How? In the form of a new and improved $7,500 tax credit. As the law stands now, homebuyers have to pay the first-time buyer credit back more » Read more »
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