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 14, 2011 (Shirley Allen) Wells Fargo & Co. CEO John Stumpf said that principal reductions could have a “huge impact” on Freddie Mac and Fannie Mae and that such a strategy could entice homeowners to default on their current loans in order to get a better deal, echoing the worries made last week by [...]
February 11, 2011 (Shirley Allen) The Mortgage Bankers Association (MBA) has submitted a letter to Edward DeMarco, Acting Director of the Federal Housing Finance Agency (FHFA), calling for an extension to the Home Affordable Refinance Program (HARP) along with improvements to some of the guidelines contained within the program. Read more...
February 1, 2011 (Chris Moore) There are many misconceptions concerning the issue of foreclosure. Unfortunately these misconceptions have lead many homeowners to take all the wrong actions in trying to stop foreclosure, which ultimately could cause them to lose their homes. Read more...
November 3 2010 (Shirley Allen) CitiMortgage was the top producer in the Obama Administration's Home Affordable Modification Program (HAMP) for the month of September. Since the Home Affordable Modification Program was initiated, CitiMortgage Inc. has completed 49,538 permanent modifications. Read More...
