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Mortgage Relief

The Disturbing Inaction of Congress on the Mortgage Cliff

Adam Levin | Posted 02.05.2013 | Money
Adam Levin

While the fiscal cliff gets all the attention, the mortgage cliff is just as steep, and just as perilous. If American consumers take another big fall, our leaders are almost certainly not far behind.

Sarah Bufkin

Underwater Homeowners Face Double Whammy In New Year | Sarah Bufkin | Posted 11.24.2012 | Politics

WASHINGTON -- Beginning on Jan. 1, people who lose their home to foreclosure will be required to pay federal taxes on any unpaid mortgage the bank can...

White House Wants Fannie Mae, Freddie Mac To Start Helping Homeowners

Reuters | Posted 06.06.2012 | Business

WASHINGTON, April 6 (Reuters) - The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reduci...

Keeping a Roof Over Our Heads

Rep. Charles Rangel | Posted 05.07.2012 | Politics
Rep. Charles Rangel

Congress must not let the Mortgage Forgiveness Debt Relief Act expire at the end of the year. Today 12 million Americans are on the verge of losing their homes because they owe more money than their home is worth.

Norristown, PA: Ex-Marine Protests Eviction With Three Hour Armed Standoff | Posted 12.21.2011 | Home

"I didn't want things to escalate the way they did, but I was hoping that I'd be able to get my voice out there." ...

A Domestic Marshall Plan: Forget Going "Big vs. Small," Instead, Go "Simple and Effective"

Paul Abrams | Posted 10.31.2011 | Politics
Paul Abrams

Obama should focus on two and only two proposals, and they each must take account of perceived prior failures. They must be guarantees, not incentives that rely on what side of the bed someone gets up on in the morning.

By Not Challenging the Tea Party, the White House Makes It Stronger

Richard (RJ) Eskow | Posted 08.16.2011 | Politics
Richard (RJ) Eskow

This country is discouraged, angry, and frightened. That's the mood that the Tea Party has successfully tapped.

America Is a Bastion of Hope Not a Beacon of Nope!

Rep. Chaka Fattah | Posted 05.25.2011 | Business
Rep. Chaka Fattah

House Republicans have taken another pound-foolish step by voting to axe a program that provides a lifeline for middle-class homeowners who face foreclosure through no fault of their own.

Freddie Mac Halts Foreclosures for Struggling Veterans

Chris Birk | Posted 05.25.2011 | Business
Chris Birk

Foreclosures are coming to a temporary halt for thousands of American service members.

Nearly 50 Percent Leave Obama Mortgage-Aid Program

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — Nearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen o...

Short Sale Mortgage Relief: Obama Offers More Help To "Underwater" Homeowners

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The government launched a new effort on Monday to speed up the time-consuming, often-frustrating process of selling your home if you ow...

Left, Right & Center: A Nuke Deal, Mortgage Relief, Health Care, and The Pope

HuffPost Radio | Posted 05.25.2011 | Politics
HuffPost Radio

The Obama Administration announced a mortgage relief deal - will it work? Or is it just a bailout for those who took on more debt than they should have? Plus: the Pope and the pedophile.

Mortgage Modification Whistleblower: Banks Manipulate Process To Limit Loan Mods (VIDEO)

Posted 05.25.2011 | Business

(UPDATE: Full video of ABC's report added below) According to an employee of one of the country's largest financial institutions, facilitating mort...

Victim of a Real Estate Scheme? Huffington Post Investigative Fund Wants Your Stories

Amanda Zamora | Posted 05.25.2011 | Business
Amanda Zamora

The Huffington Post Investigative Fund would like to shine a light on real estate schemes going on around the country. We're looking for your tips and stories to help us investigate.

Looting Real Estate Booty

Lita Smith-Mines | Posted 05.25.2011 | Business
Lita Smith-Mines

Investors should be part of the give and take of a robust real estate market, not pirates banking on the misery of a seller's desperate situation.

Last Words From the Vanishing Middle Class

Francine Hardaway | Posted 05.25.2011 | Politics
Francine Hardaway

I personify the vanishing middle class. When I started my business in 1980, I had a pretty good life. Twenty-five years later, my standard of living has totally deteriorated.

There's No Business Like Loan Business

Lita Smith-Mines | Posted 05.25.2011 | Business
Lita Smith-Mines

There's a middle ground to be found in letting judges consider facts and circumstances before depriving homeowners of the roofs over their heads.

Bank of America Trailing Behind Other Banks In Mortgage Relief

Washington Post | Renae Merle | Posted 05.25.2011 | Business

Bank of America employees are reminded every day of how far they still have to go. Just outside the elevators of their vast third-floor command center...

Why Obama Won't Do What's Needed to Deal With the Mortgage Crisis

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

In places like Phoenix, 54% of homeowners with mortgages have negative equity. That's about half a million underwater mortgages, more than the combined totals in Texas and New York state, where 10 times as many people live.

Hallelujah, Salvation Is At Hand! Or Is It?

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Fundamental problems are not being resolved, but rather papered over: the excess debt of low quality, excess speculation in the financial markets and mushrooming debt and deficits.

Ryan Grim

In Their Own Words: Why Dem Senators Screwed Homeowners | Ryan Grim | Posted 05.25.2011 | Politics

Only 45 Senate Democrats voted Thursday to oppose the banking industry and pass legislation aimed at stemming foreclosures. The bill would have allowe...

Democrats Reach Deal On Mortgage Relief Bill

AP | JULIE HIRSCHFELD DAVIS and JIM KUHNHENN | Posted 05.25.2011 | Politics

WASHINGTON — House Democrats, under pressure from a group of moderates in their ranks and the banking lobby, agreed Tuesday to narrow legislatio...

Ryan Grim

Liberal Groups Pressure Congress On Foreclosure Bill (VIDEO) | Ryan Grim | Posted 05.25.2011 | Politics

Liberal advocacy groups, including and Brave New Foundation, are upping pressure on Congress over the next few days to act on a foreclosure...

Dem spat delays mortgage relief bill in House

AP | JULIE HIRSCHFELD DAVIS | Posted 05.25.2011 | Politics

WASHINGTON — A dispute among House Democrats stalled legislation Thursday to let bankruptcy judges reduce the principal and interest rate on mor...

Jason Linkins

Rick Santelli Gets Schooled By Press, White House | Jason Linkins | Posted 05.25.2011 | Politics

MSNBC's First Read offers this brief item, following up on CNBC's Rick Santelli's awesome plan to lead the gentry on a pitchfork-'n'-torch battle with...