Feb 6th 2012 10:00AM
WASHINGTON -- President Barack Obama is rallying support for his plan to expand government assistance to homeowners, pressuring Congress to help lower lending rates for millions of strapped homeowners. Obama, in his radio and Internet address Saturday, urged the public to "get on the phone, send an email, tweet," and... Continue Reading »
Feb 3rd 2012 4:30PM
On the eve of the Nevada primary, in which housing policy will weigh heavily on residents of the foreclosure-ridden state, PBS' "Need to Know" takes a closer look at what the housing crisis looks and feels like for locals. In the video special below, which airs in full at 8:30 p.m. EST tonight, the "Need to Know" team... Continue Reading »
Jan 30th 2012 2:50PM
By Les Christie, CNNMoney NEW YORK -- The Obama administration is taking another swing at improving its main foreclosure prevention program. The administration said it was expanding eligibility for its Home Affordable Modification Program, known as HAMP, to borrowers with higher debt loads and tripling the incentives... Continue Reading »
Jan 5th 2012 1:30PM
Most of Washington's initiatives to staunch the flow of foreclosures glutting the housing market have been woefully inadequate. (We're looking at you, HAMP, HAFA and HARP). But a new idea put forth by Federal Reserve Chairman Ben Bernanke might actually make a dent in the bank-owned backlog: Allow renters to move into... Continue Reading »
Dec 13th 2011 7:00AM
Here comes another black eye for the Fed's much-maligned mortgage modification program. Housingwire reporter Jon Prior has crunched the numbers and found that the Home Affordable Modification Program (HAMP) is most effective when it actually reduces the principal owed on upside-down mortgages, not just extending borrowers'... Continue Reading »
