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 »
Dec 12th 2011 10:15AM
By Jon Prior Bank of America is looking at a new program to rent a home back to the borrower after foreclosure. "There are programs that we are quite interested in," said Ron Sturzenegger, who leads the bank's legacy asset servicing division, in an interview with HousingWire. "We are talking with investors that would... Continue Reading »
Oct 25th 2010 2:25PM
In 2010 an estimated 4 million homes will be slapped with foreclosure notices, making it the worst year yet for foreclosures during the housing crisis. And without a strong economic recovery the numbers could continue to escalate, leaving more Americans unable to afford their homes. One way to turn back the tide is with... Continue Reading »
Jun 2nd 2010 6:10PM
Christy Annis, who lives in a condo in the Atlanta area, got her law degree and spent 12 years in corporate America. She lost her job in June 2009 and decided it was time to reinvent her life by starting a business that packages black-eyed peas and makes jewelry. Her decision to make a major life change is not unusual. But... Continue Reading »
Apr 21st 2010 5:40PM
No longer able to afford your mortgage payment? Thinking about walking away from your underwater house? Really, what you'd like is an affordable way to stay in your current residence until you find a better solution. Then Fannie Mae's Deed-for-Lease program might be right for you. The program was first announced in... Continue Reading »
