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    BofA initiates home loan modification offers

    18.05.12 Homeowners with a Bank of America mortgage have good reason to check their mailbox.

    The lender said Tuesday it has begun mailing out letters to customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged foreclosure abuses.

    The Charlotte, N.C.-based company estimates that more than 200,000 of its customers could potentially be in line for a reduction in the principal balance on their mortgage.


    Source: Fox News

    Genworth Mortgage Insurance Unit Announces Price Reductions and Expanded ...

    18.05.12 Today announced a range of price and underwriting guideline adjustments that will reduce the cost of insurance for most mortgage loans lenders offer to their customers. These adjustments include reduced pricing and expanded underwriting guidelines that will allow more borrowers to qualify for conventional mortgage loans with affordable down payments of less than 20 percent of a home's purchase price. The guideline and pricing changes will take effect May 14.


    Source: MarketWatch (press release)

    AMT Auditing Services Broke Agreements On Mortgage Audits, Customers Tell BBB

    18.05.12 – A Utah company charged homeowners hundreds of dollars each for “risk free” mortgage audits, then either delayed their promised refunds for months or never paid them at all, customers told the Better Business Bureau (BBB).

    Consumers from Missouri, Illinois and several
    Source: STLtoday.com