We’ve been closely covering Making Home Affordable, the government’s foreclosure prevention program. Here's a backgrounder for more info.
Last night KNBC TV in Los Angeles aired a report about a “foreclosure rescue” company that is under investigation by the FBI. The story was inspired by Paul Kiel’s “Why Authorities Haven’t Stopped the Foreclosure ‘Rescue’ Boom” and it can be viewed here.
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Are you a homeowner who's struggling to pay your mortgage? Are you seeking a loan modification through the government program? We want to hear from you.
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Homeowners whose loans are part of mortgage-backed securities encounter extra hurdles to participate in the federal modification program. Read more.
See how a homeowner's mortgage goes from bank to bank to securities investors. Read more.
The model to determine whether a homeowner qualifies for the federal loan mod program is a black box. What goes in isn’t entirely clear, and what comes out isn’t always reliable. Read more.
The problems of the loan mod program have been particularly acute for homeowners seeking help before they begin falling behind on their mortgage payments. Read more.
Servicers are accused of having created unnecessary hurdles that, in some instances, violate the loan program's rules. Read more.
How the Treasury’s $50 billion Has Been Allocated
Part of our bailout site, this page shows how many billions the Treasury Department has allocated to each mortgage servicer.
Making Home Affordable.gov
The administration’s web site for the foreclosure prevention program. Provides an FAQ, homeowner examples, and other tools to see whether you might qualify for the program.
Program Guidelines for Mortgage Servicers
These "supplemental directives" lay out how mortgage servicers are supposed to conduct the program.
Compensation for Mortgage Servicers
This Treasury Department document lays out how mortgage servicers are compensated for completed modifications
Calculated Risk
A finance and economics blog that provides news and metrics on the state of the housing market.
Every taxpayer dollar, every recipient and every program...all translated into English.
Who's getting your taxpayer money? Check out our recipient list.
History of U.S. Gov't Bailouts: See How Past Gov't Bailouts Measured Up
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Eye on Loan Modifications
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