Recent News

Foreclosures were at a 10 year low in 2016, and we at Homeowner Protection Alliance are proud to have been a part of that trend

Foreclosure filings nationwide in 2016 were at their lowest level in ten years according to the research bureau ATTOM Data Solutions Year-End 2016 U.S. Foreclosure Market Report. The report shows 933,045 default notices, scheduled auctions, and bank repossessions for 2016, which is a 14% drop from 2015 and the lowest number of foreclosure filings since 2006, which had 717,522 foreclosure filings. If you remember, 2006 was 2 years before the collapse of the real estate economy, and the start of the recession.foreclosure_annual_2016 This is definitely a great trend. Our entire team at Homeowner Protection Alliance is proud to state that we assisted in the protection of over 600 homes in 2016. Unfortunately with all the bad press and false news propaganda being spread by mortgage companies who fear organizations like us, many more homes could have been saved, but those homeowners decided to wait...
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Homeowner Protection Alliance’s plan for Life After HAMP

HAMP (the Home Affordable Modification Program), the government's loan modification program, formally expired December 30, 2016. If you contacted our office before the end of the year and coordinated your case submission with Homeowner Protection Alliance your application was accepted before then. If you did not contact our team at Homeowner Protection Alliance, than HAMP is no longer an option for you. Do not panic, you can still avoid foreclosure by applying, qualifying and being approved for an in-house loan modification. In-house modifications are also called traditional or proprietary modifications. They have existed before HAMP was created and are given according to each lender's standards. In fact Homeowner Protection Alliance has been helping homeowners qualify for traditional modifications before HAMP or the MHA (Making Homes Affordable Program) were introduced by the Obama Administration. In fact, the In-house modifications can provide benefits that HAMP did not since a lender or investor does...
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New and Old Lawsuits – Notable Settlements;

The whole residential lending industry is abuzz about the article on housing in the Economist. "A decade on, the presumption is that the mortgage-debt monster has been tamed. In fact, vast, nationalized, unprofitable and undercapitalized, it remains a menace to the world's biggest economy...But until America's mortgage monster is brought to heel, the task of making finance safer will remain only half-done." What could be worse? Let's ask Olympic swimmer Ryan Lochte, who lost every one of his sponsors yesterday. Before I go any further, there is a correction to yesterday's commentary regarding the due date for bids on servicing that MIAC is selling. (...MIAC's $1.5 billion FNMA and FHLMC mortgage servicing portfolio with an optional co-issue opportunity totaling $50 to $100 million per month. The portfolio is being offered by a mortgage company that originates loans with a national geographic concentration...) Bids are due on August 24th, not the 28th...
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