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Special Issue Archive
Borrowers in federal program face big jump in rates
May 06, 2014 03:00PM
With loan modifications dating back to the housing crisis set to expire this year, hundreds of thousands of homeowners across the U.S. will face...
Foreclosure cases clog South Florida courts
May 06, 2013 01:00PM
Clearing the dockets of foreclosures can appear a Sisyphean task for South Florida’s courts as new filings keep apace with closed cases, the Palm...
Borrowers feeling more pressure after ResCap bankruptcy
May 21, 2012 02:15PM
Americans struggling through the foreclosure process will experience even more difficulty modifying their loans after Ally Financial’s Residential Capital filed for bankruptcy last Monday,...
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...
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...
Treasury relaxes paperwork requirements for loan mods
January 29, 2010 12:19PM
Borrowers participating in the Obama administration’s Home Affordable Modification Program will soon have a simpler route to mortgage loan modifications. Under new guidelines, borrowers...
Mortgage principal reductions not in Obama’s plans
January 21, 2010 01:25PM
The Obama administration has no immediate plans to encourage mortgage principal reductions through its foreclosure prevention program, the Treasury Department said yesterday. The announcement...
New legislation could provide unemployed with cash for mortgage payments
December 08, 2009 03:03PM
The Obama Administration’s loan modification program isn’t addressing the root of the foreclosure crisis, Laurie Goodman, senior managing director at Amherst Securities Group, said...
Obama’s mortgage mod program getting participants, but few see permanent fixes
November 11, 2009 10:30AM
Obama’s Making Home Affordable program, which launched in February, has begun modifying loans on a trial basis for 650,000 borrowers, or one-fifth of those...
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