Oct 6th 2011 1:30PM
WASHINGTON -- For the third consecutive month, the Obama administration's signature housing help plan posted the lowest numbers of preliminary mortgage modifications since the program's start in the spring of 2009. Just 13,000 homeowners received initial mortgage modifications from the Home Affordable Modification Program... Continue Reading »
Sep 14th 2011 4:45PM
The Obama administration on Wednesday unveiled a new TV advertisement for its anti-foreclosure programs. The spot shows stone-faced homeowners immobilized by trouble with their mortgage payments. A woman stands motionless on her lawn, morning newspaper in hand as the sprinklers spray her bathrobe. A man stares blankly... Continue Reading »
Nov 5th 2010 4:00PM
More Americans find themselves in a position of negative equity -- owing more on a mortgage than the home is currently worth. By itself, negative equity isn't necessarily trouble. Those who can afford their monthly mortgage payments and have a safe loan structure can wait out the market until home values improve. For... Continue Reading »
Feb 12th 2010 8:00AM
Fewer people are getting bad news in the mailbox: the number of foreclosure fillings dropped again in January, according to the latest information from RealtyTrac. There were 315,716 foreclosure filings in January -- that's down 10 percent from December. Cheery news, at first glance. But more than 300,000 foreclosure... Continue Reading »
Jan 29th 2010 4:05PM
Bureaucrats have struggled to get the Home Affordable Modification Program to work -- and they may finally be getting somewhere. The latest changes to the program, released on Thursday, clarify document requirements that have tied up hundreds of thousands of people already on the brink of losing their homes. The Home... Continue Reading »
