Treasury to Announce Mortgage Modification Plan Changes
Treasury to Announce Mortgage Modification Plan Changes
March 25, 2010 — Good Morning America
The Treasury Department today will announce changes to the Obama administration's embattled $75 billion Home Affordable Modification Program (HAMP) to help owners facing foreclosures.
America's top 10 underwater housing markets
March 25, 2010 — U.S. News & World Report
1. Las Vegas
Las Vegas was ground zero for the housing market's historic boom and bust.
Bank of America to Reduce Mortgage Balances
March 24, 2010 — New York Times
Bank of America said on Wednesday that it would begin forgiving some mortgage debt in an effort to keep distressed borrowers from losing their homes.
California AG Shuts Down Foreclosure Relief Companies
March 24, 2010 — DSNews
California Attorney General Edmund G. Brown Jr. forced two foreclosure rescue firms to close their doors this week and secured a court judgment that prohibits the three principal individuals involved from ever again working in the real estate industry. Brown also recovered more than $1 million in restitution for victims he says were left with “false hope” after paying upfront fees for loan modification services that were never delivered
Fannie and Freddie Resist Loans for Energy Efficiency
March 25, 2010 — Wall Street Journal
The government's mortgage-finance agencies Fannie Mae and Freddie Mac are resisting a White House-backed effort to make it easier for homeowners to get loans to make their houses more energy efficient.