Mortgage Coach Blog

Education & Training - Mortgage Coach
It's been nearly three months since the Obama Administration rolled out "Making Home Affordable", a plan intended to help distressed homeowners. But, what's happening? It looks like the jury is still out. Amid all the hype, is the plan living up to its expectations? Thus far, only 55,000 homeowne...
  A few fellow ActiveRain members had asked about some simple ways to make their sites more “search friendly”, so I compiled a few easy tips.   Now, keep in mind one very important thing about Search Engine Optimization.  A lot of people think SEO is just about changing a few things on your site ...
There is no simple answer to this question, but generally, someone who is a good candidate for modifying their own loan is perseverant and does not take “no” for an answer. It’s not necessarily easy modifying your loan--although it is getting easier. In some cases, it may be relatively painless, ...
We all know what getting "creative" with your income back in the heyday of "stated income" mortgages meant.   Basically, it amounted to, well, lying.  Stated income loans were originally intended for those of us who were self-employed and because of the tax benefits and ability to write off a lot...
Lender vs. Servicer: The Good Old Days This concept is often confusing to people. Back in the good old days, it was simple. You went to your local bank or Savings & Loan to get a mortgage. You spoke to your personal banker or loan officer who helped you get a loan. The institution had lots of cus...
More than half of mortgages modified went delinquent again within six months. In fact, according to the Office of the Comptroller of the Currency, 57.9% of loans modified in the first quarter of 2008 were in default again by the 8th month. If loan modifications are supposed to help borrowers, why...
Millions of Americans have been affected by the economy and the depressed housing market, creating a climate in which we've seen an unprecedented number of foreclosures. Many homeowners have been affected by a job loss, divorce, a mortgage re-set, a mortgage re-cast, or any number of other potent...

Jeremy Kossen

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