Many homeowners with loan mods face rate increases

Half of all owners with active Home Affordable Modification Program modifications reside in just four states: California, Florida, New York and Illinois. From LATimes.com 6/22/14 Whether HAMP participants realize it or not, mortgage rate reductions last for only five years. Some homeowners with HAMP loan modifications may see monthly payments rise by $1,724. If you … Continue reading Many homeowners with loan mods face rate increases