Truth in Foreclosure

5.66 Percent of Eligible Mods Go Permanent

5.66% of eligible mods were permanent in January according to the Treasury Dapartment. GMAC leads the pack at over 19% and Wachovia is in last place according with 1.39%. Check out how your lender is doing...

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Lawmakers Get Foreclosure Suspension Commitments

The presidents of several of the country's largest lenders agreed to suspend foreclosure actions yesterday in a hearing before Congress. If you have a foreclosure sale date, you should contact your lender and see if they're following suit. Representative Barney Frank, Chairman of the House Financial Services Committee, says he expects about 95% of lenders to do the same until....

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