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,...
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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...
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...
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...
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...
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...
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...
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...
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...
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...
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