These Government Programs May Have Prolonged the Recession

Mortgages

These Government Programs May Have Prolonged the Recession

These Government Programs May Have Prolonged the Recession

It took nearly a decade, but the foreclosure crisis created by the housing bubble seems to have finally receded. ATTOM Data Solutions, which gathers information on housing trends, reported that default notices, auctions and bank repossessions fell 24% in September, compared to a year ago. Essentially, that means foreclosures are down to their lowest levels since 2005,... Read More

What Happens When HAMP Expires at the End of This Year?

Mortgages

What Happens When HAMP Expires at the End of This Year?

What Happens When HAMP Expires at the End of This Year?

Nearly 10 million Americans lost their homes in the Great Recession. Millions more went through the arduous process of modifying their mortgages, either directly through banks or with the help of federal programs like the Home Affordable Modification Program (HAMP). Still more saw the value of their homes plummet, leaving them underwater and in financial peril. Many at-risk... Read More

Struggling With Your Mortgage? 7 Programs That Can Help

Mortgages

Struggling With Your Mortgage? 7 Programs That Can Help

Struggling With Your Mortgage? 7 Programs That Can Help

Buying a home and getting a mortgage: We all know these are big decisions that will impact our future tremendously — financially and beyond. No one knows this better than people struggling to make mortgage payments. If you find yourself in this position, there are some government programs that can help you refinance to a new... Read More

Have Government Programs Helped Homeowners?

Mortgages

Have Government Programs Helped Homeowners?

Have Government Programs Helped Homeowners?

The national housing market is seemingly improving all the time, but unfortunately for many homeowners across the country, negative equity is still a significant burden that can lead to large amounts of stress and financial difficulties. However, government programs still continue to help these people to better deal with the lingering issues underwater mortgages can... Read More

More Consumers Are Defaulting Again on Modified Mortgages

Mortgages

More Consumers Are Defaulting Again on Modified Mortgages

More Consumers Are Defaulting Again on Modified Mortgages

The federal government has been trying for several years to help consumers with underwater home loans to rectify these problems with a number of initiatives, but new research shows that a large number of those who have received such assistance are now falling behind on their bills once again. Through the end of March, a... Read More

Almost 1 Million Homeowners Get Government Help in 3rd Quarter

Mortgages

Almost 1 Million Homeowners Get Government Help in 3rd Quarter

Almost 1 Million Homeowners Get Government Help in 3rd Quarter

For much of the last year, the housing market has generally been on a slow but steady path toward improvement, and that trend continued in November. A number of federal initiatives to make consumers struggling in the housing market more financially capable seem to be working, according to the latest housing scorecard from the U.S.... Read More

Mortgage Modification Scams Get Busted by CFPB

Mortgages

Mortgage Modification Scams Get Busted by CFPB

Mortgage Modification Scams Get Busted by CFPB

The housing market has been slowly recovering for most of the year, but the fact remains that millions of Americans are still underwater when it comes to what they owe on their mortgage versus the value of their home. As such, many may be looking for some relief, and scammers are now preying on that... Read More

More Underwater Homeowners to Get Mortgage Help

Mortgages

More Underwater Homeowners to Get Mortgage Help

More Underwater Homeowners to Get Mortgage Help

In the past, many have criticized the federal government’s various home loan assistance programs. In order to help more people find some amount of relief from their problems, the U.S. Department of the Treasury is expanding these initiatives. One particular area of criticism for the Obama administration was its Home Affordable Modification Program, which was... Read More

Fed: Anti-Foreclosure Programs Can Succeed

Mortgages

Fed: Anti-Foreclosure Programs Can Succeed

Fed: Anti-Foreclosure Programs Can Succeed

By now the government knows how to create a program that totally stinks at preventing foreclosures. As we reported late last year, the federal government’s Home Affordable Modification Program (HAMP), aimed to help up to 4 million people avoid foreclosure has been an abject failure, and its performance hasn’t improved in the ten months since.... Read More

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