The housing market has been slowly recovering for most of the year, but the fact remains that millions of Americans …
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loan modification
If you’re a homeowner who is struggling to keep up with a mortgage you can’t afford, or wondering whether to …
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In this series, I detail six possible ways to deal with an “underwater” home—one that’s worth less than the amount …
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We’ve run several stories (including this one and that one) about how the federal government’s program to help people avoid …
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Over one million homes were foreclosed upon last year, and an estimated 8-10 million homes still face foreclosure. As things …
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Talking on the phone recently, Bevin Beckage read the bank’s letter again and laughed. Denied a modification of her mortgage …
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Congresswoman Jackie Speier introduced the Protecting Homeowners’ Credit History Act on July 15.
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The government is helping troubled mortgage borrowers by the tens of thousands, however some analysts say that as many as 12 million borrowers are facing foreclosure over the next three years.
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In news released yesterday, Treasury Department officials are having serious discussions with loan servicers – otherwise known as lenders – to ramp up loan modification activity. The goals of the drive to achieve stability in the housing market were substantial: a target of between 3 and 4 million homeowners currently at risk of foreclosure. They were supposed to be helped by the Home Affordable Modification Program.
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We can easily get used to things like Cash for Clunkers without realizing that they were temporary programs. As was well publicized, that particular auto program used up its allocated funds quickly and was terminated. So what about housing?
Since mid-2008, a number of new laws were passed to help boost the housing market. Some aspects of the programs have been notable failures — features like trying to get lenders to modify loans that are in danger of foreclosure. Not much has happened on that front, but other parts have been more successful.
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