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Hope Now Reports Mortgage Modification Gains for Homeowners December 3, 2009, USA TODAY Nearly 2.7 million homeowners this year have received mortgage modifications or repayment plans, independent of those helped by a government program to get borrowers...
Firms are Getting Billions, Yet Aren't Averting Foreclosures October 5, 2009, Star-Telegram The federal government is engaged in a massive mortgage modification program that's on track to send billions in tax dollars to many of the very companies...
A Look Ahead To the Great Resetting October 3, 2009, Washington Post Millions of adjustable-rate mortgages are going to reset in the coming years, possibly to higher interest rates, creating the prospect of a new round of foreclosures. About 10 percent...
Housing Crash to Resume on 7 Million Foreclosures, Amherst Says September 24, 2009, Bloomberg The crash in U.S. home prices will probably resume because about 7 million properties that are likely to be seized by lenders have yet to hit the market, Amherst...
Another Wave of Foreclosures Looms Washington Post, September 9, 2009 The housing market faces the prospect of a new round of foreclosures as hundreds of thousands of risky home loans known as option adjustable-rate mortgages reset to significantly higher...
Five More U.S. Banks Are Seized, Pushing Total for Year to 89 Bloomberg News, September 5, 2009 Lenders in Illinois, Iowa, Missouri and Arizona collapsed, pushing the number of bank failures to 89 this year amid continuing fallout from the worst economic...
July Unemployment Rate Drops USA TODAY Employers throttled back on layoffs in July, cutting just 247,000 jobs, fewest in a year, and the unemployment rate dipped to 9.4%. It was a better-than-expected showing that offered a strong signal that the recession...
America Needs a Single Bank Regulator Financial Times In recent weeks our financial markets have shown signs of recovery thanks to unprecedented action to stabilize markets and stimulate the economy. Yet this crisis has many distressing qualities. Perhaps...
Few Qualified Delinquent Borrowers Getting Federal Help Washington Post Less than 10 percent of delinquent borrowers eligible for the Obama administration's $75 billion foreclosure prevention program have received help so far, according to Treasury...
Mortgage Firms Prodded to Modify More Loans Wall Street Journal The Obama administration is pressing mortgage-servicing companies to step up their efforts to modify troubled loans under its housing-rescue program, the latest sign of frustration with the...
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