Federal Loan Modification Program is a smart and innovative program initiated by Obama in order to bring the home mortgage industry back to track.Fast5kLoans Also known as the Home Affordable Modification Plan, Obama administration allocated $75 billion as stimulus money to help the home owners who belong to risk category. The homeowners who belong to risk category include those who have proven default on the home mortgage, and those who are on the brink of getting defaulters.

After failures of collecting payments on student loans, government may decide to contact your employer about your debts. They would urge employer to hold back money from your pay and pay them. Your employer must comply with the law and garnish your pay

Every working employee is always searching for better employment opportunities. When you join a new organization, you have to serve a probation period. When you are serving the probation period, there are high chances that your mortgage application may be rejected. In some cases, the application is not accepted until you have completed the probation period.