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 23rd 2011 4:45PM
You may recall the story of Linda Hatchell, a Glen Ellyn, Ill., cancer survivor who is staring down foreclosure on the Victorian home she spent $1 to buy, but tens of thousands more to relocate and lovingly restore. After sharing her story earlier this month, AOL Real Estate was inundated by hundreds of comments, emails... Continue Reading »
Aug 9th 2011 12:30PM
WASHINGTON -- Fewer homeowners entered preliminary mortgage modifications under the Obama administration's signature foreclosure prevention initiative in June than in any month since April 2009, according to government data released Friday. June saw just 15,000 new trial modifications under the initiative, which the... Continue Reading »
Mar 30th 2011 11:07AM
HAMP is on life support, thanks to a U.S House of Representatives vote on Tuesday. The House voted 252 to 170 to end the widely criticized Home Affordable Modification Program, with Republicans leading the charge to eliminate it. While the Obama administration program originally hoped to aid 3 to 4 million troubled... 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 »
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