Ocwen Financial Corp., a prominent subprime loan servicer and current Shandrow Group client, is officially the first mortgage servicer to begin modifying home loans as part of the Obama administration’s Making Home Affordable (MHA) program. The $75 billion government loan modification initiative enables at-risk borrowers lower their monthly payments to help them avoid foreclosure or [...] Read more »
Ocwen First to Issue Obama’s Making Home Affordable Loan Modifications
Written by Mark Shandrow on April 16, 2009
Obama’s Stimulus Package: What About Homeowners?
Written by Mark Shandrow on January 29, 2009
President Obama’s $825 billion proposed stimulus package may not put so much as a dent into the subprime mortgage crisis, but it might provide some relief for first-time homebuyers. How? In the form of a new and improved $7,500 tax credit. As the law stands now, homebuyers have to pay the first-time buyer credit back [...] Read more »
