Federal refinance plan in the works for underwater borrowers?

It looks as if a federal plan is in the works to help underwater borrowers with mortgages not backed by Fannie Mae or Freddie Mac.  The proposal, outlined in President Obama’s State of the Union address, would help millions of homeowners in America.  Borrowers would need a minimum credit score of 580 to be eligible.  …

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OCC Publicizes Independent Foreclosure Reviews

Advertisements informing the public about the independent foreclosure reviews underway at 14 servicers hit the presses and the radio airwaves Wednesday. Released by the Office of the Comptroller of the Currency (OCC), the advertisements inform the public that those who underwent foreclosure in 2009 and 2010 might be eligible for an independent review if there …

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