Tag: loan modification

  • Obama Gets Serious About Foreclosure Help

    Obama Gets Serious About Foreclosure Help

    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... Continue Reading

  • Obama: We Need a National Plan

    Obama: We Need a National Plan

    A stark prediction issued this morning from The New York Times: "More Foreclosures to Come." Three culprits are to blame. First, some lenders have intentionally delayed the loan-modification process during the administration's antiforeclosure plan. Second, a backlog of bad loans exist from people who do not... Continue Reading