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Home Affordable Modification Program

Obama Administration's Major Federal Foreclosure Prevention Program Will Come To An End In 2016

Andrew Lieb | Posted 06.23.2016 | Politics
Andrew Lieb

Homeowners who are still facing the possibility of foreclosure may apply for any of the foreclosure alternative programs under MHA on or before December 31, 2016 deadline.

Foreclosures Ready for a Comeback

Jorge Newbery | Posted 05.02.2015 | Business
Jorge Newbery

Even with the recent years' increases in home values, employment and economic stability, a large number of homeowners still face the loss of their homes in the near future.

Mortgage Modification Litigation Continues

Brad Reid | Posted 07.23.2014 | Business
Brad Reid

Statutory language may be narrowly interpreted by courts. Federal legislation may preempt state legislation. The "third wave" of mortgage modification litigation will likely continue for some time with lenders frequently prevailing.

Shahien Nasiripour

Obama's Housing Plan Would Keep Government Involved In Mortgages | Shahien Nasiripour | Posted 08.06.2013 | Politics

WASHINGTON -- The U.S. government may continue to play an outsized role in the nation’s roughly $10 trillion home loan market under a proposal Presi...

Shahien Nasiripour

Obama's HAMP Initiative Struggling To Help Homeowners | Shahien Nasiripour | Posted 07.24.2013 | Politics

A government auditor has warned that the U.S. Treasury Department doesn’t understand why distressed homeowners are re-defaulting at an “alarming...

Report Raises Concerns About Housing Aid Program

Reuters | Posted 09.22.2013 | Business

WASHINGTON, July 24 (Reuters) - Nearly half of the mortgages modified in 2009 under the Obama administration's signature homeowner rescue effort are...

Ben Hallman

Wrong Turn: How Obama's Housing Policy Went Off Course | Ben Hallman | Posted 01.23.2014 | Business

On a morning in February, less than a month into his presidency, Barack Obama walked onto a stage at a gym in Dobson High School in Mesa, Arizona, pre...

Arthur Delaney

Obama Foreclosure Prevention Program 'Cheated Borrowers,' Former Bank Regulator Says | Arthur Delaney | Posted 09.25.2012 | Politics

WASHINGTON -- Former bank regulator Sheila Bair cringed when President Barack Obama promised at an Arizona high school gymnasium in 2009 that his admi...

'Obama Save My Home'

The Huffington Post | Harry Bradford | Posted 10.25.2012 | Business

If your bank won’t help you save your home maybe the President will. That, at least, seems to be the hope of Angela Agrippa, a widow and mother o...

The Blame Game: Treasury Department Blames Banks for Little Foreclosure Progress

Anna Cuevas | Posted 10.27.2012 | Money
Anna Cuevas

They face ongoing frustration in dealing with servicers while they implement their programs, time delays, lost paperwork, and stress. Add to that a lack of accountability on behalf of the banks and faulty practices like robo-signing, and homeowners are vulnerable to mistakes and wrongful practices.

Arthur Delaney

New Book By Former Treasury Watchdog Thrills Republicans | Arthur Delaney | Posted 07.25.2012 | Politics

WASHINGTON -- Republicans are thrilled with a new tell-all book by former U.S. Treasury Department watchdog Neil Barofsky, who is heavily critical of ...

Ben Hallman

In Sea Of Disappointing Housing Programs, Hardest Hit Fund Least Effective: New Report | Ben Hallman | Posted 07.25.2012 | Business

Most of the federal bailout money pledged through the Hardest Hit Fund, a program meant to help ailing homeowners in states especially battered by the...

Foreclosure Related Suicide on the Rise

Anna Cuevas | Posted 09.16.2012 | Money
Anna Cuevas

Recent research concludes that there is a link between foreclosure rates and mental and physical health problems, as well as suicide attempts.

Zach Carter

Obama Foreclosure Program Criticized By Expert Panel | Zach Carter | Posted 06.08.2012 | Politics

PROVIDENCE, R.I. -- Former Wall Street bailout watchdog Neil Barofsky blasted the banking industry on Friday for inflicting a litany of abuses on Amer...

HAMP TIER 2 Mortgage Loan Modifications in a Nutshell

Anna Cuevas | Posted 06.08.2012 | Money
Anna Cuevas

Through recent revisions, the government hopes that its program will provide relief to more homeowners and make a bigger impact on the housing market by enabling more homeowners to prevent foreclosure.

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

The Huffington Post | Dave Jamieson | Posted 05.16.2012 | Politics

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

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

Anna Cuevas | Posted 07.04.2012 | Money
Anna Cuevas

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.

IMF Lends Support to Loan Modifications Including Principal Reductions

Anna Cuevas | Posted 08.01.2012 | Business
Anna Cuevas

The IMF's public approval of mortgage reductions, as well as reform in the financial sector, is intended to provide support to the economy and reignite a healthy increase in lending, which will spur economic and job growth.

Whistleblower: BofA Kept Homeowners Out Of Government Program

Reuters | Posted 05.07.2012 | Business

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

Arthur Delaney

Obama Administration Lets Banks Out Of Doghouse For Bad Mortgage Servicing | Arthur Delaney | Posted 03.02.2012 | Politics

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

Banks Paying Homeowners To Sell Houses, Avoid Foreclosure

The Huffington Post | Jillian Berman | Posted 02.07.2012 | Business

Some struggling homeowners are getting paid by banks to sell their houses and stave off foreclosure. Many banks, including JPMorgan Chase, are off...

Mark Gongloff

HAMP Homeowner Help Still Coming Too Slowly | Mark Gongloff | Posted 02.06.2012 | Business

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

The Federal Reserve Discourages Foreclosures

Anna Cuevas | Posted 03.10.2012 | Business
Anna Cuevas

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

Arthur Delaney

Administration Shames Banks For Poor Performance In Anti-Foreclosure Program | Arthur Delaney | Posted 12.07.2011 | Politics

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

Arthur Delaney

Fed-Up Judge: 'Somewhere, Someone Has To Stand Up' | Arthur Delaney | Posted 11.15.2011 | Business

Georgia Judge Dennis Blackmon is fed up with bailed-out banks refusing to help strapped homeowners. "Sometimes, only the courts of law stand to pr...