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Special Issue Archive
Banks reject 72% of applicants under HAMP program
August 09, 2015 11:01AM
Disabled and unable to work, Vermont home owner Lucy Circe applied for a modification to her mortgage loan from Bank of America. The bank...
Obama’s home loan modification program just surpasses skeptical expectations
June 07, 2012 02:15PM
The Obama administration’s Home Affordable Modification Program has saved approximately 802,000 U.S. homeowners from foreclosure as of April 2012, slightly exceeding the Congressional Oversight Panel’s...
Obama extends taxpayer bailouts to housing speculators
March 05, 2012 02:15PM
First it was the banks, then it was the mortgage giants, and now it is real estate speculators who invested in multiple properties before...
Treasury calls on taxpayers to fund principal mortgage reductions
January 31, 2012 02:15PM
Despite opposition from much of the financial industry, the U.S. Treasury Department forged ahead with a plan to offer American homeowners principal reductions on...
With loan mods on the decline, U.S. foreclosures poised to spike: Fitch
February 08, 2011 11:37AM
Loan modifications are declining to the point where eventual foreclosures for distressed U.S. homeowners are becoming all but certain, if somewhat delayed, according to...
Treasury falls short on oversight of $75B foreclosure prevention program
January 27, 2011 03:51PM
The Obama administration’s $75 billion foreclosure prevention program has been widely criticized for its failure to, well, prevent very many foreclosures, and ProPublica has...
Report finds HAMP program to be lacking
December 14, 2010 04:17PM
A government evaluation of the Home Affordable Modification Program found it once again to be lacking, according to CNN. HAMP has undergone tweaks since...
Obama “housing scorecard” touts home equity gains, mortgage mods
November 19, 2010 10:39AM
Record-low mortgage interest rates helped to further stabilize the housing market over the past month, according to the latest “Housing Scorecard” released by the...
Thousands of struggling borrowers likely denied HAMP mortgage mods in error
June 30, 2010 11:45AM
The Obama Administration has increased funding for Florida Poor oversight by the Treasury Department and errors by servicers has led to what may be...
PBC sees 60% surge in foreclosure filings
March 10, 2010 11:14PM
Palm Beach County saw a 63 percent surge in foreclosure filings last month compared to a month earlier, according to national real estate foreclosure...
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