obama administration

Obama’s home loan modification program just surpasses skeptical expectations

Obama’s home loan modification program just surpasses skeptical expectations

The Obama administration’s Home Affordable Modification Program has saved approximately 802,000 U.S. homeowners from foreclosure as of April 2012,...

Obama’s home loan modification program just surpasses skeptical expectations
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A foreclosure escape hatch?

With hundreds of thousands of homeowners facing imminent foreclosure and estimates of 2 million or more in the wings, are there any financial tools available to distressed borrowers that haven’t been tried yet? Equally...

A foreclosure escape hatch?
U.S. Supreme Court to rule on illegal mortgage fees

U.S. Supreme Court to rule on illegal mortgage fees

By agreeing to take on a lawsuit against Detroit-based Quicken Loans, the U.S. Supreme Court will rule on what...

U.S. Supreme Court to rule on illegal mortgage fees
Opening up mortgage refinancing could spur economic recovery

Opening up mortgage refinancing could spur economic recovery

One of the Obama administration’s proposals for improving the housing market is allowing homeowners with federally-backed mortgages to refinance...

Opening up mortgage refinancing could spur economic recovery
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As Obama homes in on $25B mortgage settlement, New York AG holds out for more

New York State Attorney General Eric Schneiderman is hindering federal efforts to negotiate a foreclosure settlement with Wall Street...

As Obama homes in on $25B mortgage settlement, New York AG holds out for more
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Obama must get banks to reduce mortgage principals: editorial

Drastic changes are needed to stimulate a housing recovery according to a New York Times editorial, which urged President...

Obama must get banks to reduce mortgage principals: editorial
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New little-touted mortgage finance requirements may spell trouble

You may have seen reports that the federal government is proposing new mortgage finance rules under which only home...

New little-touted mortgage finance requirements may spell trouble
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A wimpy tax credit?

Could Congress’ ambitious second round of home purchase tax credits — especially the $6,500 repeat buyer credit — turn out to be a wimp in terms of economic stimulus clout?  With the April 30...

A wimpy tax credit?
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PBC sees 60% surge in foreclosure filings

Palm Beach County saw a 63 percent surge in foreclosure filings last month compared to a month earlier, according to national real estate foreclosure tracking company RealtyTrac’s monthly foreclosure market report released today (see...

PBC sees 60% surge in foreclosure filings
Loan modification program breeds corrupt servicing companies, investigation finds

Loan modification program breeds corrupt servicing companies, investigation finds

Some of the money that the Obama administration is spending on the Home Affordable Modification Program, aimed at homeowners...

Loan modification program breeds corrupt servicing companies, investigation finds
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