Jul 21st 2010 4:47PM
Good intentions count, but cash is definitely better. The Treasury Department reported that fewer borrowers are receiving permanent mortgage modifications through the Obama administration's program to aid troubled homeowners. Some 530,000 homeowners, or 40 percent of 1.3 million enrolled in the HAMP program, have had their... Continue Reading »
Jul 19th 2010 4:30PM
Last week, with the help of a special $1.5 billion Obama administration fund for the states most devastated by property price declines and foreclosures, the state of Michigan launched its own program for unemployed borrowers who are having trouble paying their mortgages. Unlike the federal Home Affordable Mortgage... Continue Reading »
Nov 30th 2009 5:05PM
Amid rising foreclosures and public outrage over taxpayer-funded handouts to banks, the Obama administration is trying to put some teeth into its program to help ailing homeowners. The Home Affordable Modification Program (HAMP), announced in February, dangled financial incentives to banks and mortgage servicers willing... Continue Reading »
