WASHINGTON -- Former bank regulator Sheila Bair cringed when President Barack Obama promised at an Arizona high school gymnasium in 2009 that his admi...
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.
WASHINGTON -- Republicans are thrilled with a new tell-all book by former U.S. Treasury Department watchdog Neil Barofsky, who is heavily critical of ...
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...
PROVIDENCE, R.I. -- Former Wall Street bailout watchdog Neil Barofsky blasted the banking industry on Friday for inflicting a litany of abuses on Amer...
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.
Independent voters in several battleground states are sour on President Barack Obama's handling of the housing crisis, according to polling data relea...
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.
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.
WASHINGTON -- The Obama administration announced Friday that as part of a recent $25 billion settlement with big banks, the government will release mo...
The Obama administration continues to make halting gains in its efforts to help struggling homeowners, according to a new self-assessment released tod...
The Obama administration chided two of the nation's biggest banks Wednesday for failing to improve their performance in the administration's signature...
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 ...
WASHINGTON -- For the third consecutive month, the Obama administration's signature housing help plan posted the lowest numbers of preliminary mortgag...
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.
WASHINGTON -- The Obama administration announced more disappointing numbers for its signature anti-foreclosure initiative and said Thursday that it wo...