Kill the Mortgage Modification Program? The Atlantic, July 6, 2010 Some things just need to be put out of their misery. Is the government's mortgage modification program better off dead? It's falling far short of expectations. At this point, it's kicking out more potential participants than...
Mortgage Servicers Blast Administration's Homeowner Aid Program June 24, 2010, Wall Street Journal Mortgage servicers on Thursday told U.S. House lawmakers that consecutive changes to the U.S. Treasury Department's foreclosure prevention program have made it increasingly difficult to keep distressed...
Political Tide Turns Against Aggressive Mortgage-Modifications April 14, 2010, Wall Street Journal Republicans used Tuesday’s hearing of the House Financial Services Committee as an occasion to fulminate against what they see as the unfairness of many programs to avert foreclosures. That was no...
A Splash of Good News? March 31, 2010, The Economist With America braced for 4m or more foreclosures this year, the government is still searching for an effective way to stop the rot in housing. Under the Home Affordable Mortgage Program (HAMP), a mere 170,000 borrowers have received permanent loan modifications...
Number of Modified Mortgages Jumps Sharply February18, 2010, Los Angeles Times The number of mortgages with permanently lowered monthly payments under the Obama administration's foreclosure prevention program increased dramatically in January. Under the federal Home Affordable Modification Program...
Here's relevant news for January 18, 2010. Treasury Dept. says loan modification picture is improved Jan. 16, 2010, Los Angeles Times After a month of intense pressure on banks and other mortgage servicers, the Obama administration on Friday reported improvement in its much-criticized program to...