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Home Affordable Modification Program

Arthur Delaney

White House Doubles Down On Mortgage Modification Spin | Arthur Delaney | Posted 12.18.2011 | Politics

WASHINGTON -- President Obama said in 2009 that his flagship anti-foreclosure scheme would "enable as many as 3 to 4 million homeowners to modify the ...

Arthur Delaney

Anti-Foreclosure Plan Sees Third Straight Month Of Dwindling New Modifications | Arthur Delaney | Posted 12.05.2011 | Business

WASHINGTON -- For the third consecutive month, the Obama administration's signature housing help plan posted the lowest numbers of preliminary mortgag...

Arthur Delaney

WATCH: Obama Administration Launches Sad Anti-Foreclosure PSA | Arthur Delaney | Posted 11.14.2011 | Business

WASHINGTON -- The Obama administration on Wednesday unveiled a new TV advertisement for its anti-foreclosure programs. The spot shows stone-faced ...

Medication for Middle-Class Mortgage Mania

Adam Levin | Posted 11.02.2011 | Business
Adam Levin

These are extraordinary times and extraordinary times require public and private sector utilization of extraordinary measures to solve societal issues like the housing crisis. This issue cannot be properly addressed piecemeal.

Arthur Delaney

Mortgage Modifications In Obama Program Dwindle Further As Administration Tut-Tuts Banks | Arthur Delaney | Posted 11.01.2011 | Business

WASHINGTON -- The Obama administration announced more disappointing numbers for its signature anti-foreclosure initiative and said Thursday that it wo...

Jason Linkins

'Secret' Fed Loans Reveal Divide Between 'Wall Street Aristocracy' And Ordinary Americans | Jason Linkins | Posted 10.24.2011 | Politics

If you've not yet read the recent piece by Bradley Keoun and Phil Kuntz of Bloomberg News, "Wall Street Aristocracy Got $1.2 Trillion in Fed’s Secre...

Seniors Face Foreclosure After Making Mortgage Payment Too Early

The Huffington Post | Harry Bradford | Posted 10.22.2011 | Business

A senior couple in Pasco County, Florida is facing the prospect of foreclosure. But the reason doesn't have to do with missed mortgage payments. This ...

Jason Linkins

This Day In TARP Triumphalism | Jason Linkins | Posted 10.18.2011 | Politics

It's been a while since we've heard that trumpet voluntary from the Treasury Department, signaling the sending of another press release celebrating the fact that "TARP worked!" But this week, the horns sounded.

Arthur Delaney

New Mortgage Modifications Slow To Trickle Under Obama Anti-Foreclosure Program | Arthur Delaney | Posted 10.09.2011 | Business

WASHINGTON -- Fewer homeowners entered preliminary mortgage modifications under the Obama administration's signature foreclosure prevention initiative...

Arthur Delaney

Obama Administration Makes Anti-Foreclosure Program More Generous For Jobless | Arthur Delaney | Posted 09.06.2011 | Business

WASHINGTON -- The Obama administration announced Thursday that its signature anti-foreclosure program and the Federal Housing Administration would be ...

BofA Loses Bid To Dimiss Mortgage Lawsuit

Posted 09.06.2011 | Business

NEW YORK (Jonathan Stempel) - Bank of America Corp lost its bid to dismiss a lawsuit accusing it of reneging on promises to help borrowers modify ...

Shahien Nasiripour

Treasury Punishes Three Banks For Poor Mortgage Servicing | Shahien Nasiripour | Posted 08.09.2011 | Business

WASHINGTON -- The Treasury Department will temporarily withhold payments to the nation's three largest mortgage companies for failing to comply with t...

Arthur Delaney

Bipartisan Group Of Senators Targets Mortgage Servicers | Arthur Delaney | Posted 07.13.2011 | Business

WASHINGTON -- Unimpressed by the recent efforts of state and federal regulators to rein in the mortgage servicing industry, a bipartisan group of sena...

Arthur Delaney

Leading House Dem Explains Vote To End Obama Admin's Foreclosure Program | Arthur Delaney | Posted 05.30.2011 | Politics

WASHINGTON -- Eighteen Democrats in the U.S. House of Representatives sided with Republicans in a symbolic vote to terminate the Obama administration'...

Ex-TARP Inspector General: Bailout 'Failed' To Meet Goals

The New York Times | NEIL M. BAROFSKY | Posted 05.30.2011 | Business

TWO and a half years ago, Congress passed the legislation that bailed out the country's banks. The government has declared its mission accomplished, c...

Arthur Delaney

When Banks Won't Help Homeowners, Scammers Help Themselves | Arthur Delaney | Posted 05.25.2011 | Business

Clarification appended When Mohammed Shukran took some time off from driving his cab to care for two ailing family members in 2009, he began worryi...

We Haven't Bottomed Yet... The Housing Crisis Continues

Hilary Kramer | Posted 05.25.2011 | Business
Hilary Kramer

The housing market in the U.S. still faces considerable pressure -- even two years into "an economic recovery" (albeit a jobless one). This is best ev...

HAMP Continues Sluggish Pace, But We Need to Fix It, Not Nix It

Dory Rand | Posted 05.25.2011 | Chicago
Dory Rand

Pulling out support to distressed homeowners at this juncture would be disastrous for neighborhoods trying to recover from the foreclosure crisis.

Arthur Delaney

Obama Administration's Foreclosure Program Shambles Along | Arthur Delaney | Posted 05.25.2011 | Business

WASHINGTON -- The U.S. Treasury Department announced Wednesday that more than 600,000 homeowners across the country have been granted "permanent" mort...

How to Avoid Home Loan Modification Scams

Hilary Kramer | Posted 05.25.2011 | Business
Hilary Kramer

In obtaining a mortgage, a homeowner pays in the form of points. Sadly, homeowners seeking modifications have been paying upfront fees to scammers and agencies that are preying on their desperation.

Shahien Nasiripour

Michigan Family Says Obama Foreclosure-Prevention Program Cost Them Their Home | Shahien Nasiripour | Posted 05.25.2011 | Business

The following story is produced in partnership with The Dylan Ratigan Show's week long "No Way To Live" series on the financial crisis and its impact ...

Panel To Investigate Whether Mortgage Servicers Are Making Foreclosures Worse | Ariana Eunjung Cha and Zachary A. Goldfarb | Posted 05.25.2011 | Business

Mortgage industry executives have argued for weeks that they are foreclosing only on borrowers who deserve it for missing their monthly payments. B...

VA Borrowers Facing Foreclosure to Get Cash Relocation Assistance

Chris Birk | Posted 05.25.2011 | Business
Chris Birk

Veterans who lose their homes to a short sale or a deed-in-lieu of foreclosure can now receive up to $1,500 in relocation assistance.

Hope for Homeowners, 'Say HAMP'

Anna Cuevas | Posted 05.25.2011 | Business
Anna Cuevas

Be your own best advocate, the only way you can do that is to get the information you need to so that you are empowered when you are trying to save your home.

Arthur Delaney

Homeowner Beats Bank Of America In Small Claims Court | Arthur Delaney | Posted 05.25.2011 | Business

A California homeowner sued Bank of America in small claims court and won $7,595 from the bank after it burned him on a mortgage modification. "It wa...