As underwater borrowers strategically default, lenders are trying different methods for holding back the rising tide. Loan modifications have postponed some foreclosures, and principal reductions might postpone a few more. The value in doing a few principal reductions goes beyond the money spent.

Bank Of America Foreclosure Plan: Nine Months Of No Payments For Unemployed, If Approved A new program from Bank of America could allow unemployed mortgage holders to go for up to nine months. Underwriting Guidelines for Mortgage Loans – CreditInfoCenter – Understanding mortgage underwriting guidelines will help you understand your loan options when purchasing or refinancing a home.

Assurant Field Asset Services hires compliance leader The result would bring Philadelphia in compliance with the Environmental Protection. of upkeep required – so much so that PEER’s Shelly is looking to hire a staffer to field the calls he’s getting.