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Entries by Loren Berlin from 01/2012

Foreclosure Review PSAs May Miss The Mark, Consumer Advocates Say [UPDATE]

Posted 01.04.2012 | Business

"If you faced foreclosure in 2009 or 2010, the government may have good news for you," reads new advertisements released by the federal government on ...

Ben Bernanke's Solution To The Housing Crisis: Renting Foreclosed Homes

Posted 01.05.2012 | Business

While millions of foreclosed homes languish on the market at lower and lower prices, new data supports the idea that renting out these foreclosed home...

REO To Rental Fed Plan Would Do Little For Housing, Says Goldman Sachs

Posted 01.06.2012 | Business

The Federal Reserve's foreclosure rental program would do little to lift the ailing housing market, Goldman Sachs analysts wrote in a research paper r...

Mortgage Giant Changes Policy To Aid Unemployed Homeowners

Posted 01.06.2012 | Business

In an effort to assist unemployed homeowners, Freddie Mac has doubled the length of time that an unemployed borrower's mortgage payments can be reduce...

80 Percent Of Homeowners Behind On Mortgage Ineligible For Loan Modification Program

Posted 01.09.2012 | Business

Less than 20 percent of homeowners who theoretically qualify for a government mortgage modification are actually eligible, according to data released ...

Fannie Mae CEO Exit Reveals Housing Policy Chaos

Posted 01.11.2012 | Business

The resignation of Fannie Mae CEO Michael Williams on Tuesday brings to the surface a fundamental problem: The federal government's housing policy is ...

New York Attorney General Increases Homeowner Assistance Funding

Posted 01.12.2012 | Business

New Yorkers struggling to keep their homes are about to get additional help. State Attorney General Eric Schneiderman has approved $1 million in fundi...

Attorneys General, Frustrated With National Foreclosure Settlement, Consider Alternate Course

Posted 01.12.2012 | Business

Attorneys general or representatives from nearly 15 states met in Washington, D.C., on Tuesday to discuss and share different enforcement options and ...

Proposed Down Payment Rules Could Restrict Minorities' Access to Affordable Homebuying, Study Says

Posted 01.18.2012 | Business

Nearly three-quarters of African-American and Latino mortgage borrowers could be excluded from affordable homeownership if federal regulators approve ...

Foreclosure Settlement's Value Hinges on California's Participation

Posted 01.18.2012 | Business

As the national settlement talks to resolve mortgage companies' wrongful foreclosures inch towards a conclusion, the size of the deal hinges on Califo...

Selling Homeowners Short: Bank Strategy Backfires In Foreclosure Crisis

Posted 01.20.2012 | Business

Housing investors and advocates are embracing a new strategy to keep struggling borrowers in their homes: Purchasing houses from homeowners who can no...

In State Of The Union, Housing May Be Key Step In Economic Recovery

Posted 01.23.2012 | Business

In Tuesday night's State of the Union address, President Barack Obama is expected to tout a settlement between states' attorneys general and five of t...

Financial Crimes Unit Announced By Obama Reminds Some Of His Financial Fraud Task Force

Posted 01.25.2012 | Business

The announcement that President Barack Obama would create a task force devoted to cracking down on financial fraud comes comes just three years after ...

Kamala Harris: National Mortgage Deal Still Not Good Enough For California

Posted 01.25.2012 | Business

One day after New York Attorney General Eric Schneiderman was named co-chairman of a federal mortgage fraud task force, California Attorney General Ka...

Details Emerge of New Financial Fraud Unit

Posted 01.26.2012 | Business

The new financial crimes unit announced by President Barack Obama during Tuesday's State of the Union address will have the power to investigate mortg...

HAMP Loan Program Expands, Too Little Too Late

Posted 01.27.2012 | Business

The federal government is taking another stab at helping struggling homeowners keep their homes by expanding its failed loan modification program. Man...

As Mortgage Settlement Deal Nears Feb. 3 Deadline, Nevada AG Raises Concerns

Posted 01.30.2012 | Business

As the Obama administration, state attorneys general and the nation's biggest banks close in on a settlement over allegations of widespread mortgage f...