Sep 2nd 2010 3:17PM
The federal government's Home Affordable Modification Program has a lot of work left to do if it hopes to catch up to the private sector. HAMP, with its promise of helping up to 4 million homeowners avoid foreclosure, completed 36,695 modifications in July. In the same period, private mortgage programs completed 120,351... Continue Reading »
Jul 9th 2010 1:57PM
It's not just the laid-off industrial worker or the owner of the rundown shanty that's tumbling toward foreclosure or struggling to stay current on their home mortgage. Contrary to common stereotypes, the current housing crisis is plaguing the so-called rich harder than the common man. One in seven homes with loans of $1... Continue Reading »
Mar 26th 2010 10:29AM
It's as good as official: Home Affordable Modification Program, the year-old government program to save homeowners from foreclosure, is a flop. Today, the Obama administration is set to announce new aid for many homeowners in trouble, who have been beyond help under the limited rules of the old HAMP program. Using $14... Continue Reading »
Jan 25th 2010 5:00PM
Big real estate developers do it all the time - like yesterday, when the owner of New York City's Stuyvesant Town complex decided to stop paying its $3 billion mortgage. So why are you still writing a check every month on that mortgage that's much bigger than your home is actually worth? Good question, University of... Continue Reading »
