Rethinking Foreclosure Lending Leads29 June 2006
Eugene, OR (PRWEB) June 28, 2006 -- Subprime Foreclosure applicants now have a legal alternative to foreclosure that does not require any new loans or credit checks. Referral program assures subprime professionals future business from dedicated clients.
According to the Mortgage Bankers' Association, the Seasonally Adjusted (SA) percent of new foreclosures decreased 2 basis points for prime loans and 8 basis points for FHA loans, while increasing 15 basis points for subprime loans and 5 basis points for VA loans. Compared with the first quarter of 2005, prime ARMs, subprime ARMs and subprime Fixed Rate loans (FRM) had higher delinquency rates than last year. During the first quarter of 2006, the SA delinquency percentage rate for prime ARMs increased 24 basis points, the rate for subprime ARMs increased 177 basis points and the rate for subprime FRM loans increased 51 basis points.
US Mortgage Correction, an ethical approach to the Foreclosure Prevention Industry with 27+ legal ways to keep homeowners in their home and on title. http://www.usmortgagecorrection.org is dedicated to professionals and homeowners across America, providing them with insider information and representation. Their ethical approach to Lender Mediation assures homeowners accurate, fair options. Their Professional Loss Mitigators have been there and they know what it feels like to be losing your home to foreclosure.
Unlike other companies, they have a 100% success rate, and here's why. They will not accept a case unless they know without any doubt that they can reinstate or modify the mortgage.
They are not lenders, nor do they care what the owner's credit score or history is. They have personal contacts with every lending institution in the U.S. They know what a homeowner's entitlements are. Regardless of a homeowners current situation, they can assist them through the use of government and non-government programs that the lender must comply with.
US Mortgage Correction works on a referral basis only. A professional refers an individual homeowner to the company to assist the homeowner so they may stay in their home and on Title. Once US Mortgage Correction is certain that the homeowner will be able to stay in their home, the homeowner signs a contract stating that they will return to the referring professional when such services are needed (usually 12 to 18 months out).
With US Mortgage Correction, instead of throwing out these leads, lenders and other professionals can turn subprime applicant homeowners into some of a their most dedicated leads and loyal customers. Visit http://www.usmortgagecorrection.org [US Mortgage Correction] to learn more.
Source: prweb
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