obama loan modification 2009 latest news


Realtor: Banks have no incentive to avoid foreclosure - Yuma Sun


Realtor: Banks have no incentive to avoid foreclosure
Yuma Sun
BY DARREN DARONCO - SUN STAFF WRITER In 2009, President Barack Obama unveiled a loan modification program designed to help struggling homeowners restructure their mortgages and keep their homes. But after nearly three years and billions of dollars ...


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Tales from the Field: A Homeowner Who Fought Foreclosure and Won - RisMedia.com (press release)


RisMedia.com (press release)
Tales from the Field: A Homeowner Who Fought Foreclosure and Won
RisMedia.com (press release)
The ordeal isn't over yet. The eviction was stopped and her bank canceled the foreclosure because of the possibility that the loan would be modified to make it more affordable. But Mena continues to negotiate with the bank over loan terms.

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Homeowners struggle to get mortgage relief - Tulsa World


Homeowners struggle to get mortgage relief
Tulsa World
President Barack Obama recently announced plans to increase incentives to private lenders that provide mortgage relief to homeowners. Mike Wise, 44, lost his job in April 2009 and sought mortgage relief as he looked for a new job.

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A Face Of The Latino Foreclosure Crisis (VIDEO) - Huffington Post (blog)


A Face Of The Latino Foreclosure Crisis (VIDEO)
Huffington Post (blog)
Cristina and her husband applied for a loan modification through President Obama's program. They didn't qualify. Obama's new plan is to give "every responsible homeowner the chance to save about $3000 a year on their mortgage, by refinancing at ...

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Obama's Next Bailout - Reason Online (blog)


Reason Online (blog)
Obama's Next Bailout
Reason Online (blog)
The program is called the Home Affordable Modification Program (HAMP), and it was started by the Department of Housing and Urban Development since 2009. You might have heard about it, as it is one of the Obama Administration's most widely panned ...

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A homeowner who fought foreclosure and won - Kansas City Star


A homeowner who fought foreclosure and won
Kansas City Star
President Barack Obama, who took office in January 2009, unveiled plans that spring to help as many as 4 million borrowers such as Mena through its foreclosure assistance plan, the Home Affordable Modification Program. The plan would reduce monthly ...

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Obama plan aims to help borrowers refinance - DesMoinesRegister.com


USA TODAY
Obama plan aims to help borrowers refinance
DesMoinesRegister.com
HAMP — Expand eligibility for the Home Affordable Modification Program to reduce additional foreclosures. President Barack Obama called Wednesday for new efforts to help homeowners refinance their mortgages, adding a new series of proposals to a ...
Obama presses Congress to step up aid for homeownersReuters
Experts react to Obama's new housing planWashington Post (blog)
Obama puts on community organizer hat to create National Section 8 programExaminer.com

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Obama administration bolsters homeowner lifeline - Reuters


Bloomberg
Obama administration bolsters homeowner lifeline
Reuters
In a joint announcement, the Treasury and Housing and Urban Development departments proposed using money from the Home Affordable Modification Program to provide incentives for Fannie Mae and Freddie Mac to reduce loan principal.
Obama administration expands foreclosure prevention programCNNMoney
US loosens mortgage aid requirementsPalm Beach Post
HAMP Mortgage-Mod Rules Eased, More Write-Downs EyedeCreditDaily.com

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More about Obama administration bolsters homeowner lifeline - Reuters
Obama details plan to throw a line to 'underwater' homeowners - Philadelphia Inquirer


Obama details plan to throw a line to 'underwater' homeowners
Philadelphia Inquirer
Obama, who announced the initiative in his State of the Union address Jan. 24, said the program was designed for "responsible" homeowners who are current in their mortgage payments but are unable to refinance loans at fixed rates as low as 3.8 percent ...

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Obama Proposes Mortgage-Refinance Plan - Wall Street Journal


International Business Times
Obama Proposes Mortgage-Refinance Plan
Wall Street Journal
After rolling out a series of ambitious loan-modification programs in 2009 that fell short of their goals, the White House largely shied away from more housing policies over the past two years. But last summer, Mr. Obama said his economic team was ...
Obama makes new push to aid troubled homeownersReuters
Rep. Maxine WatersHuffington Post
Ahead of State of the Union, rating Obama's past promisesmsnbc.com
Wall Street Daily -International Business Times
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