obama loan modification law latest news


Mortgage hurricane warning from Florida businessman went unheeded - Sarasota Herald-Tribune


Mortgage hurricane warning from Florida businessman went unheeded
Sarasota Herald-Tribune
But before that, their size and reach — not only through their own businesses, but also through the vast amount of work they farm out to law firms and loan servicers — meant that Fannie and Freddie shaped the standards for the entire mortgage industry.

and more »

More about Mortgage hurricane warning from Florida businessman went unheeded - Sarasota Herald-Tribune
Halfway home - Washington Post


Halfway home
Washington Post
PRESIDENT OBAMA's latest plan for the distressed housing market is, in essence, an effort to stimulate more mortgage modifications — that is, to succeed where previous plans, by the president's own admission, have fallen short.

and more »

More about Halfway home - Washington Post
Analysis: Banks expect to spend less on bad mortgages - Reuters


Portfolio.com

Analysis: Banks expect to spend less on bad mortgages
Reuters
By Rick Rothacker and David Henry (Reuters) - Even as President Barack Obama is calling for more assistance for struggling mortgage borrowers, major banks are looking forward to spending less to handle problem home loans.
State Attorney Generals Set to Sign Proposed Mortgage Abuse Settlement with BanksKCSG

all 31 news articles »

More about Analysis: Banks expect to spend less on bad mortgages - Reuters
Credit advice: How can I dump my timeshare? - OCRegister


Credit advice: How can I dump my timeshare?
OCRegister
He could request a loan modification to reduce the payments and interest, and sometimes the principal. President Obama announced the new revised and upcoming Making Home Affordable program that will soon be coming out for people who are upside down.


More about Credit advice: How can I dump my timeshare? - OCRegister
Student borrowers fight Sallie Mae's 'jobless penalty' - Monmouth Daily Review Atlas


Student borrowers fight Sallie Mae's 'jobless penalty'
Monmouth Daily Review Atlas
Loan terms can be modified; borrowers can make up missing payments; lenders can realize profit. But student loans, which cannot be “foreclosed” nor discharged in bankruptcy, can be a cash cow. Milking that cow has gone beyond collecting payments and ...

and more »

More about Student borrowers fight Sallie Mae's 'jobless penalty' - Monmouth Daily Review Atlas
Foreclosure prevention plan has limited impact - Financial Times


Foreclosure prevention plan has limited impact
Financial Times
By Shahien Nasiripour in Washington Once again, the Obama administration is hoping that with a tweak it will be able to rescue a three-year-old foreclosure-prevention programme long dismissed by even the White House's staunchest allies.

and more »

More about Foreclosure prevention plan has limited impact - Financial Times
Is Obama's Housing Play Smart Politics or Smart Period? - Politic365


Is Obama's Housing Play Smart Politics or Smart Period?
Politic365
During a recent event in Falls Church, Virginia, President Obama announced a plan to help under water homeowners refinance their current loans and save up to $3000. The initiative would not contribute to the deficit because it would be paid for by a ...


More about Is Obama's Housing Play Smart Politics or Smart Period? - Politic365
Wonkbook: Robert Kagan, Obama's favorite Romney adviser - Washington Post (blog)


Wonkbook: Robert Kagan, Obama's favorite Romney adviser
Washington Post (blog)
Both lending and the practice of bundling loans into securities will come under scrutiny, he said, adding: 'This new unit will hold accountable those who broke the law, speed assistance to homeowners and help turn the page on an era of recklessness ...

and more »

More about Wonkbook: Robert Kagan, Obama's favorite Romney adviser - Washington Post (blog)
Recommended: Proposed mortgage settlement offers little relief for homeowners - msnbc.com


Los Angeles Times

Recommended: Proposed mortgage settlement offers little relief for homeowners
msnbc.com
By John W. Schoen, Senior Producer A proposed $25 billion settlement between five big banks, state attorneys general and the Obama administration may help resolve some of the thornier legal issues surrounding the mortgage mess that caused the housing ...
Details Emerge of New Financial Fraud UnitHuffington Post
Two Obama initiatives to address foreclosure crisis face hurdlesLos Angeles Times
New Policy Role Elevates Schneiderman to National StageWNYC
Forbes -Sacramento Bee
all 532 news articles »

More about Recommended: Proposed mortgage settlement offers little relief for homeowners - msnbc.com
Seven Questions Begging to Be Answered Before a Foreclosure Settlement Is Reached - Huffington Post


Seven Questions Begging to Be Answered Before a Foreclosure Settlement Is Reached
Huffington Post
Fannie Mae sent out a memo telling servicers that in order to be reimbursed under HAMP--a government loan modification program designed to help at-risk homeowners meet their mortgage payments--the servicers would have to produce the paperwork showing ...

and more »

More about Seven Questions Begging to Be Answered Before a Foreclosure Settlement Is Reached - Huffington Post