Hamp

Whistleblower Wins Big Over BofA

Reuters | Posted 05.30.2012

Read More: Video, Hamp, Kyle Lagow Bank of America, Kyle Lagow Lawsuit, Countrywide Financial, Reuters, Bofa, Bank-of-America, Hagens Berman, Shayne Stevenson, Business News

By Rick Rothacker May 29 (Reuters) - A former home appraiser will receive $14.5 million as part of a whistleblower lawsuit that accuse...

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Crucial Voters Disapprove Of Obama's Handling Of Housing Crisis: Poll

The Huffington Post | Dave Jamieson | Posted 05.16.2012

Read More: Housing Market, Obama Reelection, Election 2012 Blog, Elections 2012, Nevada, Obama, Arizona, Obama Campaign, Housing Crisis, Obama 2012, Hamp, Pennsylvania, 2012 Election, Home Affordable Modification Program, Florida, North Carolina, Video, Politics News

Independent voters in several battleground states are sour on President Barack Obama's handling of the housing crisis, according to polling data relea...

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Fannie Mae's Approval of Mortgage Principal Reductions Gets the Silent Treatment

Anna Cuevas | Posted 05.04.2012

Read More: Principal Reduction, Save Your Home, Hamp, Loan Modifications, Home Affordable Modification Program, Citibank, Fannie Mae, Foreclosure, Edward Demarco Fhfa, Fhfa, Money News

Edward DeMarco, Acting Director of the FHFA, indicated that additional analysis would have to be performed to determine the long-term benefits of principal reductions.

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Mother, Disabled Daughter Forced Out Of Home Even After BofA Modification

Posted 04.13.2012

Read More: Foreclosure Fails, Hamp, Foreclosure Crisis, Video, Loan Modifications, Business News, Bank of America, Dirma Rodriguez, Bank of America Dirma Rodriguez, Bank of America Foreclosure Fails, Slidepollajax, Bank of America Foreclosures, Business News

A Los Angeles-area woman and her severely disabled daughter were forced to flee their home of 25 years in a matter of minutes, allegedly in large part...

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DeMarco Speaks! (With Closed Captioning for the Mortgage-Impaired)

Richard (RJ) Eskow | Posted 04.11.2012

Read More: Fhfa, Freddie Mac, Tim Geithner, Hamp, Fannie Mae, Harp, Principal Writedowns, Edward Demarco, Shaun Donovan, Foreclosures, Foreclosure Crisis, Financial Crisis, Federal Housing Finance Agency, Ed DeMarco, Mortgage Crisis, Politics News

DeMarco's still an unelected ideologue with too much power, and he still needs to go. But yesterday, he finally spoke up. To anyone with the right political or emotional closed-captioning device the message was loud and clear: Don't rush me, Mr. President -- and find yourself another fall guy.

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Your Bank Forgave Your Mortgage Debt, but Will the IRS?

Anna Cuevas | Posted 05.19.2012

Read More: Foreclosures, Foreclosure Crisis, Foreclosure, Loan Modifications, Debt Cancellation, Hamp, Business News

Does a homeowner have to pay taxes on mortgage debt that's been forgiven or canceled? Some reduced or canceled debts do have to be treated as income, but not all. It depends on their circumstances and the amount of debt.

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Whistleblower: BofA Kept Homeowners Out Of Government Program

Reuters | Posted 05.07.2012

Read More: Gregory Mackler Whistleblower Bank of America, Hamp, Video, Loan Modifications, Whistleblower, Home Affordable Modification Program, Bank-of-America-Whistleblower, Reuters, Business News, Bank of America, Home-Loan-Modification, Business News

By Jessica Dye NEW YORK, March 7 (Reuters) - Bank of America NA prevented homeowners from receiving mortgage-loan modifications unde...

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Foreclosure Failure: Will The Settlement Prove The Fix?

Peter S. Goodman | Posted 05.07.2012

Read More: Obama Administration, Foreclosure, Hamp, Foreclosure Crisis, Shaun Donovan, Foreclosure Settlement, Bv-Politics, Business News

After years of incompetence, intransigence, malevolence and whatever else may explain how mortgage companies have managed to screw over millions of troubled American homeowners, a fix is finally at hand. This is how the Obama administration invites us to view the broad, $25 billion state and federal foreclosure settlement it struck last month with the nation's five largest mortgage companies.

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Obama Administration Lets Banks Out Of Doghouse For Bad Mortgage Servicing

HuffingtonPost.com | Arthur Delaney | Posted 03.02.2012

Read More: Mortgages, Treasury Department, HAMP Mortgage, Video, Foreclosure Crisis, Hamp, Mortgage Modifications, Mortgage, Home Affordable Modification Program, Foreclosure, Politics News

WASHINGTON -- The Obama administration announced Friday that as part of a recent $25 billion settlement with big banks, the government will release mo...

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Occupy Protesters Help Former Marine Save Foreclosed Home

HuffingtonPost.com | Matt Sledge | Posted 02.28.2012

Read More: Occupy Minnesota, Hamp, Foreclosure Crisis, Video, Making Home Affordable, Monique White, Neighborhoods Organizing for Change, Occupy Wall Street, Bobby-Hull, Eviction, Bank of America, Redemption Period, Foreclosure, Occupy Our Homes, Business News

Bobby Hull was supposed be thrown out of his house this month. Instead, thanks partly to Occupy Wall Street activists, he may get to stay. Last wee...

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The Robo-Signing Settlement: Breaking the Usual Rules of Housing Policy

Jed Kolko | Posted 04.11.2012

Read More: Robo-Signing, Foreclosure Help, Bank Regulation, Foreclosure Crisis, Mortgage Modification, Mortgage Settlement, Obama, National Mortgage Settlement, Housing Crisis, Hamp, Loan Modifications, Business News

The robo-signing settlement is the latest -- and potentially the largest -- piece in the U.S. housing policy puzzle. Even though it's partly punishment for banks' wrongdoing, it is also another answer by the government to the question of how it can help the housing market.

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Mortgage Settlement Makes Fresh Promise To Curb Bank Bad Behavior

HuffingtonPost.com | Ben Hallman | Posted 02.09.2012

Read More: Bank Regulation, Hamp, Foreclosure Crisis, Mortgage Settlement, Loan Modifications, Mortgage Modification, Robo-Signing, Obama, National Mortgage Settlement, Foreclosure Help, Housing Crisis, Business News

As part of the $25 billion mortgage fraud settlement announced Thursday, five of the biggest U.S. banks promised to end practices that have led to bot...

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HAMP Homeowner Help Still Coming Too Slowly

HuffingtonPost.com | Mark Gongloff | Posted 02.06.2012

Read More: Foreclosures, Mortgages, Hamp, Video, Mortgage Modifications, Housing, Home Affordable Modification Program, Business News

The Obama administration continues to make halting gains in its efforts to help struggling homeowners, according to a new self-assessment released tod...

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Two Sets of Ideas From the White House

Jared Bernstein | Posted 04.02.2012

Read More: Refinancing Mortgages, Mortgages, Hamp, Housing Bust, Housing Market, Mortgage Crisis, Federal Housing Authority, Refinance, Housing Markets, Politics News

The White House has a good set of ideas out this AM to a) help the housing market and b) help small businesses and start ups. The former sounds good to me; the latter, less so.

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Obama Outlines New Plan To Help Struggling Americans

AP | JIM KUHNHENN and BEN FELLER | Posted 04.02.2012

Read More: Home Affordable Refinance Program, Hamp, Foreclosure Crisis, Video, Obama Refinancing, Obama Mortgage Refinancing, Obama Refinancing Plan, Mortgage Refinancing, Politics News

FALLS CHURCH, Va. — Conceding his earlier housing programs have fallen short, President Barack Obama on Wednesday proposed a vast expansion of g...

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Government Expands Failed Homeowner Assistance Program, But It's Too Little Too Late

HuffingtonPost.com | Loren Berlin | Posted 01.27.2012

Read More: Citigroup Homeowner Assistance, Homeowners, Foreclosure Crisis, Foreclosure, Hamp, Loan Modifications, Making Home Affordable, Housing Crisis, Business News

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

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Such Pessimism Is Unwarranted -- Who Should Rescue Housing?

Harlan Green | Posted 03.21.2012

Read More: Business Inventories, Housing, Existing-Home Sales, Tim Geithner Treasury Secretary, Personal Savings Rate, HARP II, Hamp, Business News

Business and Wall Street economists in particular are predicting just 2 percent GDP growth for all of 2012. Why such pessimism?

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Will 2012 Be a Good Year for Homeowners or Banks?

Anna Cuevas | Posted 03.21.2012

Read More: Save Your Home, Foreclosure Crisis, Foreclosure, Hamp, Making Home Affordable, Anna Cuevas, Home Foreclosures, 2012 Foreclosures, Business News

What will happen is anyone's guess. But if 2011 was any indication of things to come, it's possible that banks will begin to make the necessary changes to stop the bloodletting?

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HAMP's Second Lien Modification Saves Fewer Than 50% of Second Mortgages

Anna Cuevas | Posted 03.19.2012

Read More: Save Your Home, JPMorgan Chase, Hamp, Loan Modifications, Mortgage Modification, Wells Fargo, Anna Cuevas, Ally Financial, Mortgage Crisis, Bank of America, Second Lien Mortgages, Second Mortgages, Citigroup, Business News

Through the 2MP initiative, services of second mortgages have the option to modify the lien or to extinguish it -- which is an admission that the mortgagor is not likely to be repaid for the second mortgage, and they clear their interest in the property by filing a lien waiver.

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Freddie Mac Offers Extension to Unemployed Homeowners

Anna Cuevas | Posted 03.12.2012

Read More: Anna Cuevas, Freddie-Mac-Loans, Hamp, Loan Modifications, Freddie Mac, Making Home Affordable, Unemployed Loan Modifictions, Business News

One of the government's largest lenders, Freddie Mac, has announced that they're allowing their unemployed borrowers to extend the amount of time that their payments can be suspended or reduced.

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The Federal Reserve Discourages Foreclosures

Anna Cuevas | Posted 03.10.2012

Read More: Save Your Home, Foreclosure Crisis, Foreclosure, Hamp, Home Affordable Modification Program, Anna Cuevas, Home Foreclosures, Business News

It took a while -- years, in fact -- but the Federal Reserve is finally stepping into the foreclosure crisis.

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Iowa Contenders Silent On Foreclosure-Crisis Reckoning Sought By Iowa AG

HuffingtonPost.com | Arthur Delaney | Posted 01.03.2012

Read More: Caucus, Foreclosures, Iowa Caucus, Hamp, Video, Mortgage Modifications, Jon Huntsman, Mitt Romney 2012, Elections 2012, Mitt Romney, Foreclosure, Iowa Caucus 2012, Jon Huntsman 2012, Politics News

Republican candidates vying for the support of Iowa caucus-goers on Tuesday evening apparently have nothing to say about the big, bipartisan foreclosu...

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Federal Government Needs to Send a Clearer Message -- and a Strong One

Dan Kildee | Posted 03.03.2012

Read More: Fannie Mae, Obama Administration, US Government, Hamp, Freddie Mac, Gao, Fhfa, Chicago, Politics News

The bottom line is that communities are faced with growing costs from abandonment when they can least afford it and they are struggling to find creative ways to address the needs of government for revenue and communities for relief.

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Administration Shames Banks For Poor Performance In Anti-Foreclosure Program

HuffingtonPost.com | Arthur Delaney | Posted 12.07.2011

Read More: Video, Hamp, Housing, Home Affordable Modification Program, Foreclosure, Foreclosure Fraud, Foreclosure Investigation, Foreclosure Settlement, Politics News

The Obama administration chided two of the nation's biggest banks Wednesday for failing to improve their performance in the administration's signature...

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Mortgage Modification Scammers On Notice As Federal Offices Announce Crack Down

The Huffington Post | Alexander Eichler | Posted 12.01.2011

Read More: Tarp, Treasury Department, Mortgage Modifications, Mortgage Modification, Troubled Asset Relief Program, Homeowners, Mortgage Scams, Mortgages, Hamp, Video, Bailout, Consumer Financial Protection Bureau, Cfpb, Scam, Foreclosure, Sigtarp, Business News

With the economy losing momentum and the housing market sagging, there has been no shortage of scammers looking to take advantage of struggling homeow...

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