On the Saturday before Thanksgiving, Lesa Herron of Santa Rosa, Calif., opened a letter from Chase Home Finance (PDF). She’d been … more…
The Treasury unveiled (PDF) new data last Friday showing the progress of its major foreclosure prevention program. Treasury … more…
Nathan Reynolds is something of an expert on the government’s foreclosure prevention program. A mortgage broker who’s worked in … more…
Since last spring, when President Barack Obama announced his administration’s plan to prevent foreclosures, there’s been a crush … more…
Only 31,382 homeowners have been put into permanent mortgage modifications, according to data released Thursday by the Treasury … more…
Why has the administration’s $75 billion mortgage modification program shown such meager results so far? One answer has … more…
The administration’s big mortgage modification program features $50 billion worth of carrots – but the stick part has been … more…
For months, housing advocates have complained that mortgage servicers are wrongfully denying homeowners’ applications for the … more…
The administration’s $75 billion mortgage modification program is meant to help 3 million to 4 million homeowners avoid … more…
Since its March launch, the government’s $50 billion program to prevent foreclosures has been marked by confusion, delays and … more…
Last night KNBC TV in Los Angeles aired a report about a “foreclosure rescue” company that is under investigation by the FBI. The … more…
Every month, the Treasury Department gives an update on its $50 billion mortgage modification program. We’ve posted the latest … more…
Qualified homeowners are being routinely denied loan modifications through the Obama administration’s Making Home Affordable plan, … more…
Last week, we published a story examining the boom in “foreclosure rescue” companies, firms that promise — in exchange for a large … more…
This story is a collaboration with Steve Henn of American Public Media’s Marketplace. It was co-published with Salon.
During the … more…
“NPV Test: Failed.”
That was the red-lettered verdict on the computer screen of a CitiMortgage negotiator in June. The result: … more…
Five months into the government’s $75 billion loan modification program, less than 12 percent of eligible homeowners have seen … more…
Among the servicers participating in the government’s mortgage modification program is a new recruit that’s not like the others. … more…
The government’s foreclosure prevention plan is premised on the idea that the best way to prevent foreclosures is to work with … more…
January 22, 2010
Treasury Weighs Fixes to Foreclosure Program Peter S. Goodman, New York Times, January 22, 2010
January 15, 2010
Is BofA Doing Enough to Help Homeowners? Christina Rexrode, Charlotte Observer, January 15, 2010
December 30, 2009
Billions to Fight Foreclosure, but Few New Loans Michael Powell, New York Times , December 30, 2009
December 04, 2009
Why Many Home Loan Modifications Fail Floyd Norris, New York Times, December 04, 2009
December 02, 2009
Treasury’s Mortgage Modification Crackdown: Empty Threats? Theo Francis, BusinessWeek, December 02, 2009
November 30, 2009
Getting Mortgage Mods Takes Patience, and Luck Peter Goodman, New York Times, November 30, 2009