Articles tagged with Foreclosure

Tags > F > Foreclosure

Paul Kiel Talks About the Loan Modification Program

Out of a potential 3.4 million homeowners, only 169,000 have been approved for permanent loan modifications. We sat down with … more…

New Data Shows Loan Mod Logjam Continues; Servicers Must Double-check Denials

New data released Friday shows that the story for the government’s foreclosure prevention program remains the same: Mortgage … more…

And The World’s Longest Trial Mod Is…

Earlier this month, we asked our readers to tell us if they’d been stuck in a trial modification in the government’s foreclose … more…

New Data: See the Mortgage Mod Logjam for Each Servicer

The logjam of people stuck in trial modifications continues. Data released by the Treasury Department on Wednesday shows that … more…

Homeowners Say Banks Not Following Rules for Loan Modifications

Nathan Reynolds is something of an expert on the government’s foreclosure prevention program. A mortgage broker who’s worked in … more…

Desperate Scene in Detroit as Stimulus Comes to Crossroads

Today’s roundup of stimulus coverage:

The Obama administration’s economic stimulus plan seems to be at a crossroads lately. It … more…

How Are Those Loan Mods Coming? Sept. Edition

Five months into the government’s $75 billion loan modification program, less than 12 percent of eligible homeowners have seen … more…

While Debt Mounts, Couple Chases BofA Loan Mod

Bank of America is the biggest mortgage servicer in the business. And judging by Treasury Department data, its customers searching … more…

Lawsuits Claiming Abuse Mount for Gov’t Mortgage Partners

The mortgage companies that the administration is relying on to help stop foreclosures have records of preying on homeowners, … more…

Why Isn’t the Gov’t Mortgage Program Working?

Those readers who’ve followed our coverage of the administration’s mortgage modification program know that progress has been slow. … more…

Treasury Department Considering More Aid to Struggling Homeowners

We’ve heard of rent-to-own, but some troubled homeowners might have to go the other way around. The Treasury Department is … more…

More Money Allocated for Foreclosure Relief

TARP funds set aside for the administration’s foreclosure relief program grew to a total of $18.3 billion after the Treasury … more…

Homeowners Seeking Gov’t Loan Mods Are Fed Up

Last week, Christina McGrath of Riverside, Calif., got a loan modification. Now she has some advice for the millions of homeowners … more…

In Georgia, Budget Cuts Trim Mortgage Complaint Resources

With one in eight mortgages either delinquent or in some stage of foreclosure, Georgia is at the center of the housing crisis. But … more…

Analysts: Tweaks May Not Save Congress’ Failed Foreclosure Fix

The Hope for Homeowners program was created by Congress last summer to help an estimated 400,000 homeowners avoid foreclosure. But … more…

Treasury Boasts of Mortgage Plan’s Progress, But Gives Little Info

After much anticipation, the Treasury Department today offered the first peek at how the Obama administration’s foreclosure relief … more…

$6.1 Billion More for Freddie Mac

While there may be optimism that the era of big bank bailouts is over, the Fannie and Freddie bailout remains in full swing. … more…

Foreclosure Crisis: The Gov’t Response, Decoded

By now, you’ve probably heard about the Obama administration’s Making Home Affordable plan – the government’s most aggressive and … more…

Big Banks Ramp Up Mortgage Mod Program

The list of banks joining the Obama administration’s foreclosure relief program is growing—and so is the cost.

So far, the … more…

Loan Modification Update

If you’re perusing today’s report from the TARP special inspector general, check out the section on Making Home Affordable, the … more…