Neil Cavuto Debate Mortgage Refinancing and Modifications
ByLoan Modification Expert Moose Scheib on Fox News with Neil Cavuto
Neil Cavuto talks about the impact that principal reductions could have on the housing market. Loan Modification expert and CEO of LoanMod.com, Moose Scheib discusses the current foreclosure crisis and the role loan modifications have in stabilizing the housing market on The Neil Cavuto. Mortgage loan modification programs and FHA home loans continue to dominate the home loan spectrum for 2009.
They talk about the Obama mortgage rescue bill and new bankruptcy law reforms that would enable bankruptcy judges to restructure loans and even reduce principal loan balances for homeowners filing for a chapter 13 bankruptcy filing. The mortgage refinancing experts debate the re-defaults data on borrowers who recently had their mortgage restructured.
