Mortgage Modification

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Loan Modification Plan Has Helped 20 Percent Of Eligible In California, Nevada And Arizona

AP | ALAN ZIBEL | Posted 11.10.2009 | Business

Read More: Loan Modification, California, Mortgage Modification, Making Home Affordable, Mortgage Servicers, Mortgage Crisis, Loan Mod, Nevada, Arizona, Home Loans, Business News

WASHINGTON — The Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says, but most ...

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Deck Stacked Against Homeowners

Richard Zombeck | Posted 11.12.2009 | Business

Read More: Mortgages, Ocwen Financial Corp., Mortgage Modification, Making Home Affordable, Ocwen, Business News

My wife and I have been involved in negotiations with our loan servicer for over a year now. It seems that the deck, as Arianna points out, is most certainly stacked against us

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Elizabeth Warren: Serious Questions Remain About Obama's Loan Relief Plan

AP | JIM KUHNHENN and ALAN ZIBEL | Posted 10.09.2009 | Business

Read More: Elizabath Warren, Housing Secretary, Loan Relief, Housing, Mortgage Modification, Treasury, Business News

WASHINGTON — The Obama administration's effort to help homeowners avoid foreclosure may not achieve its goal of helping 3 million to 4 million b...

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Mortgage Loan Modification: More Offers Extended, Fewer Homeowners Accepting -- Are Homeowners Losing Hope?

HuffingtonPost.com | Shahien Nasiripour | Posted 10.09.2009 | Business

Read More: Mortgages, Treasury Department, Loan Modifications, Mortgage Modification, Making Home Affordable, Mortgage Servicers, Behavioral Economics, Home Affordable Modification, Mortgage Crisis, Financial Crisis, Obama Administration, Homeowners, Business News

While the Obama administration and reporters trumpet the fact that the administration is about a month early in reaching its stated goal of modifying ...

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Government Pays Mortgage Servicers Billions, While Homeowners Suffer

McClatchy Newspapers | Chris Adams | Posted 10.04.2009 | Business

WASHINGTON -- The federal government is engaged in a massive mortgage modification program that's on track to send billions in tax dollars to many of ...

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Loan Modification: Banks Finally Agree To Reduce Principal For Borrowers

wsj.com | JAMES R. HAGERTY | Posted 12.01.2009 | Business

Read More: Mortgages, Banks, Loan Principal, Loan Modification, Mortgage Modification, Economy, Business News

Banks and loan investors are starting to bite the bullet and lower the principal due on home mortgages for some struggling borrowers, a new report fro...

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Loan Modifications: Half Of All Who Get Help End Up Falling Behind

AP | Alan Zibel | Posted 11.30.2009 | Business

Read More: Office of Thrift Supervision, Loan Modification, Occ, Making Home Affordable, Mortgage Modification, Office of the Comptroller of the Currency, Business News

WASHINGTON - Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help ...

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Loan Modifications: Half Of All Homeowners Who Help End Up Redefaulting

AP | ALAN ZIBEL | Posted 11.30.2009 | Home

Read More: Office of Thrift Supervision, Loan Modification, Occ, Making Home Affordable, Mortgage Modification, Office of the Comptroller of the Currency, Home News

WASHINGTON — Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again.

More than 50 percent of homeowners with loans modified in the first half of last year had missed at least two months of payments a year later, the federal Office of the Comptroller of the Currency and the Office of Thrift Supervision said Wednesday.

But the results were better among those who saw their payments drop substantially.

About one in three borrowers whose monthly payments were reduced by 20 percent or more had fallen behind again within a year. That compares with more than 60 percent for borrowers whose loan payments were left unchanged or increased.

The report by highlights a significant challenge for the Obama administration's plan to tackle the foreclosure crisis, backed by $50 billion in money from the financial industry bailout fund.

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Mortgage Modifications Are Increasing Payments, Fees For Some Homeowners

usatoday.com | Stephanie Armour | Posted 11.15.2009 | Business

Read More: Mortgages, Loan Modification, Making Home Affordable, Mortgage Modification, Real Estate Prices, Foreclosure, Business News

Tens of thousands of financially strapped homeowners who have asked lenders to lower their mortgage payments are instead winding up with higher monthl...

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Mortgage Modifications: Obama Administration Tries To Shame Industry

AP | ALAN ZIBEL | Posted 09.03.2009 | Business

Read More: Loan Modifications, Mortgage Modification, Foreclosure, Mortgage-Servicers, Michael Barr, Business News

WASHINGTON — The Obama administration wants to shame the mortgage industry into doing a better job of helping borrowers avoid losing their homes...

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Administration Belatedly Pushing Banks To Slow Foreclosures

HuffingtonPost.com | Jeff Muskus | Posted 08.28.2009 | Business

Read More: Bankruptcy Reform, Banks, Bankruptcy Bill, Mortgage Modification, Cramdown, Home Foreclosures, Business News

Months too late, the Obama administration is pushing the finance industry for further action to stem the vast tide of home foreclosures. The administ...

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Mortgage Modifications Still Uncommon Despite Huge Losses From Liquidation Sales

The Huffingtonpost | Matthew Palevsky | Posted 08.06.2009 | Business

Read More: Mortgage Mods, Banks, Foreclosure Crisis, Mortgage Modification, Mortgage Refinancing, Dispatches From the Displaced, Business News

Despite efforts by the Obama Administration to stave off foreclosures by providing incentives for banks to modify mortgages for distressed homeowners,...

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Housing Recovery In Peril As Obama Aid Program Has Little Effect

Bloomberg News | Posted 07.30.2009 | Home

Read More: Fastest Foreclosure Rate, Mortgage Modification, Economy, Obama Homebuyers Tax Credit, Obama Financial Crisis, Obama, Obama Housing Crisis, Housing Crisis, Home News

June 29 (Bloomberg) -- Driving through Riverside, California, Bruce Norris pointed to a half-dozen empty houses with "For Sale" signs stuck in untende...

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Obama's Housing Plan Struggling In First Few Months

Posted 07.30.2009 | Business

Read More: Obama Homeowner Bailout, Making Home Affordable Act, Real Estate Crisis, Mortgage Modification, Real Estate Prices, Housing Crisis, Foreclosure News, Business News

Earlier this month, we reported that President Obama's "Making Home Affordable" program, a government subsidized mortgage modification plan, was mired...

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