May 14th 2012 11:30AM
Three bills intended to increase homeowner refinancing were introduced this week by Democratic senators -- bills that HUD Secretary Shaun Donovan said are "a win, win, win and something that we think can gain real bipartisan support very quickly and get passed." The bills, if passed, would complete President Barack... Continue Reading »
Mar 19th 2012 12:40PM
By Alison Paoli The HARP 2.0 refinance program will become widely available to underwater homeowners today and is expected to bring mortgage relief to those who are current on their home loan, but have been unable to refinance into today's historically low mortgage rates because of their negative equity status. The full... Continue Reading »
Jul 8th 2011 2:11PM
Loan servicers collecting payments on FHA-backed loans must allow qualified borrowers who lose their jobs to miss up to a year of mortgage payments before starting foreclosure proceedings against them, the Obama administration announced Thursday. The FHA's current three to four months of required unemployment forbearance... Continue Reading »
Feb 23rd 2010 11:45AM
According to a draft proposal obtained by the Wall Street Journal and some others, the Treasury Dept. is toying with the idea of giving distressed homeowners 30 days to respond to a mortgage lender after being turned down for a mortgage modification---you know, the type most folks haven't been able to obtain... Continue Reading »
