The Federal Housing Finance Agency announced that it will extend the Home Affordable Refinance Program (HARP) until December 31, 2015. HARP has helped more than two million homeowners seek relief with an estimated ten million home owners still underwater. […]
August 8, 2011 (Chris Moore) Housing data through June continues to paint a housing market that is a mixed picture that remains fragile with continued strain from foreclosures and distressed properties while home prices improved slightly according to the latest release of the Obama Administrations Housing Scorecard. […]
July 6, 2011 (Chris Moore) Housing data through May continues to show that the housing market remains fragile despite an uptick in housing prices and a drop in the number of new homes in foreclosure according to the latest release of the Obama Administration’s June Housing Scorecard. […]
June 10, 2011 (Chris Moore) More than 4.8 million loan modification arrangements have been made to help keep homeowners in their homes between April 2009 and the end of March 2011 according to the Obama Administration’s May Housing Scorecard, with the total number of agreements more than double the number of foreclosure completions during the [...]
March 29, 2011 (Jeff Alan) Bank of America has announced that they will begin soliciting homeowners who are eligible for mortgage prinicipal write downs as part of the Treasury Department’s Hardest Hit Fund being implemented through the California Housing Finance Agency (CalHFA). Read more...
March 24, 2011 (Chris Moore) Last week we reported that Virginia Attorney General Kenneth Cuccinelli stated that his state was among “at least a dozen” that doesn’t back the Obama Administration’s proposed foreclosure settlement, now three more Republican Attorneys General have come forward and joined Cuccinelli expressing their displeasure with parts of the plan that [...]
March 15, 2011 (Chris Moore) In a presentation for investors, Bank of America chronicled the life and times of 100 random mortgage loans that were 60 days or more delinquent on their way down the path to a permanent HAMP loan modification. HAMP is in the House Financial Services Committee’s crosshairs this week, aiming to [...]
March 14, 2011 (Shirley Allen) The Federal Housing Finance Agency (FHFA) announced that it will extend the Home Affordable Refinance Program (HARP) until June 30, 2012. Acting Director Edward J. DeMarco also announced in the press release that HARP loans would be exempt from the recently announced price adjustments and that Fannie Mae has changed [...]
March 8, 2011 (Shirley Allen) What was first perceived as a Mack truck barreling down the foreclosure highway, the government’s Home Affordable Modification Program (HAMP) has turned out to be the little train that could. Originally forecast to save between 7 and 8 million homeowners from foreclosure, later reduced to 3 to 4 million, HAMP [...]
