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Hamp

Jacob Lew Hasn't a Clue

Joel Sucher | Posted 10.15.2014 | Politics
Joel Sucher

At the conference Lew cast some bread upon the water -- announcing an extension of HAMP and related programs through 2016 -- and these crumbs were eagerly consumed by so-called housing advocates

Jason Linkins

10 Things You Need To Know About Julian Castro If You'd Like To Be Somewhat Informed

HuffingtonPost.com | Jason Linkins | Posted 07.23.2014 | Politics

San Antonio Mayor Julian Castro has been nominated to be the next secretary of the U.S. Department of Housing and Urban Development. What's to be said about this? Well, over at the Washington Post, The Fix hooks you up with "The 10 things you need to know about Julian Castro." This must be a misprint, because the article goes on to relate 10 very inessential and/or inconsequential things about Castro. For example, did you know that he has a twin brother? Or that he does not speak Spanish? Here's a hot scoop: Castro could one day be the first Hispanic president of the United States, according to this one guy who said so once, unless of course someone else becomes the first Hispanic president of the United States. The whole "who will be the first Hispanic president of the United States" thing is really sort of up in the air at the moment.

Mel Watt Lights Up the Real Estate Industry

D. Sidney Potter | Posted 07.17.2014 | Business
D. Sidney Potter

For those in the real estate finance and home building industry, the coming of Mel Watt as the newly inducted Director of the Federal Housing Finance Agency could not have come at a more propitious time.

Struggling Chicago-area Homeowners Still Need Help, Despite Some Positive Signs

Dory Rand | Posted 10.16.2013 | Chicago
Dory Rand

It's too soon to break out the champagne. It seems unlikely that the foreclosure crisis over when more than a third of Chicago region homes are underwater and unemployment remains persistently high.

Shahien Nasiripour

Obama's HAMP Initiative Struggling To Help Homeowners

HuffingtonPost.com | 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...

Home Affordable Modification Program (HAMP) Extended

Anna Cuevas | Posted 08.03.2013 | Business
Anna Cuevas

Homeowners can learn if they qualify for one of these programs by talking to their lender or visiting Making Home Affordable, Fannie Mae, or Freddie Mac.

Obama To Extend Life Of Anti-Foreclosure Program

Reuters | Posted 07.30.2013 | Business

WASHINGTON, May 30 (Reuters) - The Obama administration on Thursday said it was extending the life of its signature foreclosure-prevention program b...

How Mortgage Servicing Has Come to Resemble Professional Wrestling (But Not As Much Fun)

Joel Sucher | Posted 06.14.2013 | Business
Joel Sucher

As a long-time fan of professional wrestling I've come to see how much of mortgage servicing resembles what goes on in the ring. Like wrestling the servicing business is full of "works," "gimmicks," "heels and baby faces," so let me explain.

'The Sucker Class': People Government Bailouts Screwed Over

The Huffington Post | Harry Bradford | Posted 01.10.2013 | Business

Finally, we have a term for all of those people who've gotten screwed over by the bailouts: "The sucker class." The stated intention of the post-fi...

Ben Hallman

The 1 Thing Obama Must Fix To Secure His Economic Legacy

HuffingtonPost.com | Ben Hallman | Posted 11.09.2012 | Business

President Barack Obama secured reelection while managing to talk around one area of economic policy in which experts frequently charge him with failur...

Zach Carter

Wall Street Analyst: Obama Will Fire DeMarco In December

HuffingtonPost.com | Zach Carter | Posted 11.02.2012 | Politics

Bank of America analyst Ralph Axel said Friday that he expects President Barack Obama to fire acting Federal Housing Finance Agency Director Ed DeMarc...

Arthur Delaney

Obama Foreclosure Prevention Program 'Cheated Borrowers,' Former Bank Regulator Says

HuffingtonPost.com | 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...

Peter S. Goodman

Too Underwater To Vote

HuffingtonPost.com | Peter S. Goodman | Posted 09.25.2012 | Business

DENVER -- The house across the street was the first on her block to go dark. The woman who had lived there for years -- a registered nurse with a soli...

Arthur Delaney

Sad Milestone For Obama's Foreclosure Prevention Plan

HuffingtonPost.com | Arthur Delaney | Posted 09.13.2012 | Politics

WASHINGTON -- President Barack Obama said in 2009 that a new program to fight foreclosures would help as many as 4 million struggling homeowners obtai...

Ben Hallman

DeMarco's Newest War

HuffingtonPost.com | Ben Hallman | Posted 08.09.2012 | Business

Edward DeMarco has opened up a new front on his war against principal reduction. On Thursday, the Federal Housing Finance Agency, which DeMarco ov...

Peter S. Goodman

Homeowner Hell Continues: Mortgage Companies Fail To Abide Foreclosure Settlement

HuffingtonPost.com | Peter S. Goodman | Posted 10.25.2012 | Business

NEW YORK -- Katie Diaz arrives at the Bronx County Courthouse hoping for clarity, if not a reprieve from the foreclosure case threatening her home. Fi...

Underwater Homeowners Still Drowning as FHFA Again Says No to Principal Reductions

Anna Cuevas | Posted 10.03.2012 | Money
Anna Cuevas

Edward J. DeMarco, the head of the Federal Housing Finance Agency (FHFA), has announced that Fannie Mae and Freddie Mac will not offer principal reductions as an option to prevent foreclosures on the loans they guarantee.

Ben Hallman

DeMarco Takes Moral Stand Against Mortgage Debt Relief

HuffingtonPost.com | Ben Hallman | Posted 08.07.2012 | Business

Five years into a housing crisis that never seems to end, a dispute over offering homeowners assistance has come down to morality. Edward DeMarco, ...

Arthur Delaney

New Book By Former Treasury Watchdog Thrills Republicans

HuffingtonPost.com | 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

HuffingtonPost.com | 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...

Mark Gongloff

Treasury Ignored Mortgage Fraud Warnings: Book

HuffingtonPost.com | Mark Gongloff | Posted 07.20.2012 | Business

If the Obama administration's mortgage-relief program has been a bit of a flop, it didn't have to be so. In a new book, TARP's former inspector gen...

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.

The Unfinished Business of the Obama Administration: The Foreclosure Crisis

David Coates | Posted 09.09.2012 | Politics
David Coates

This Administration's failures -- in domestic policy at least -- are more the product of doing too little too late, than of doing too much too soon. Nowhere is that failure clearer than in the Administration's inept handling of the home foreclosure crisis.

Zach Carter

Obama Foreclosure Program Criticized By Expert Panel

HuffingtonPost.com | 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...