Search results for
New Mortgage Rule Aims to Stop Avoidable Foreclosures
The Consumer Financial Protection Bureau has announced a new rule to help prevent home foreclosures in situations where they can be avoided.
Home Affordable Modification Program (HAMP) Definition
The Home Affordable Modification Program (HAMP) was a federal government program between 2009 and 2016 designed to help homeowners avoid foreclosure.
A non-REO foreclosure, or non-real estate owned foreclosure, is a foreclosure process that ends without the lender taking ownership of the property.
Making Home Affordable
Making Home Affordable is a program launched in 2009 to aid eligible homeowners by lowering their monthly mortgage payments to a more manageable level.
Foreclosure Crisis Definition
The foreclosure crisis was a period of drastically elevated property seizures in the U.S. housing market between 2007 and 2010.
Can I Pay My Mortgage with a Credit Card?
If you try to pay your mortgage with a credit card to earn cash-back rewards, you’ll discover that your options are scarce—and unlikely to pay off.
How to Get a COVID-19 Mortgage Forbearance Extension
The CARES Act lets you extend your original 180-day mortgage forbearance an additional 180 days, but you must apply in time to be given the extension.
Pre-foreclosure refers to the early stage of a property being repossessed due to the property owner’s mortgage default.
Delinquent Mortgage Definition
A delinquent mortgage is a home loan where the borrower has failed to make their required payments on time.
How a Deed in Lieu of Foreclosure Works If You Have a Reverse Mortgage
A deed in lieu of foreclosure can stop all foreclosure proceedings when you have a reverse mortgage, but it may not be the best option for you.