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Friday, August 20, 2010

Loan-Modification Dropouts To Outpace New Trials

The US Treasury Department said on Friday the nation's housing market "remains fragile" and reported that far fewer delinquent mortgage borrowers received...
Sydney Morning Herald ( 8/20/2010 11:37:52 AM -08:00 )

Obama Housing Program Slowing To A Crawl While Homeowners Suffer
More than 18 months after President Barack Obama announced a $75 billion program to help three to four million homeowners avoid foreclosure,...
Huffington Post (blog) ( 8/20/2010 11:06:51 AM -08:00 )

Loan-Modification Dropouts To Outpace New Trials
WASHINGTON—The number of US borrowers who will be dropped from the Obama administration's home-foreclosure-prevention program will...
Wall Street Journal ( 8/20/2010 10:51:27 AM -08:00 )

422000 Loans Modified Under US Program, Data Shows
The Obama administration's central mortgage relief plan, originally intended to shield three million households from foreclosure,...
New York Times ( 8/20/2010 10:21:46 AM -08:00 )

Treasury mortgage modification dropouts rise
WASHINGTON (Reuters) - Nearly half of homeowners getting help through the Obama administration's premier housing rescue program have dropped...
Reuters ( 8/20/2010 10:01:39 AM -08:00 )

July Marks Another Ugly Month For Government Mortgage Modifications
The Treasury's Making Home Affordable Program (HAMP), designed to prevent foreclosures, continued to struggle in July. Fewer trial modifications were...
The Atlantic (blog) ( 8/20/2010 9:51:14 AM -08:00 )

Federal foreclosure prevention program still growing, just not as fast
The number of homeowners who received permanently lowered mortgage payments rose 9% to 37000 in July, the smallest increase in eight months....
Los Angeles Times ( 8/20/2010 9:33:43 AM -08:00 )

Nearly 50 percent leave Obama mortgage-aid program
WASHINGTON — Nearly half of the homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out....
The Associated Press ( 8/20/2010 8:33:13 AM -08:00 )

Foreclosure prevention program losing its punch
NEW YORK (CNNMoney.com) -- The president's signature foreclosure rescue plan is losing its punch,...
CNNMoney ( 8/20/2010 8:07:45 AM -08:00 )

Nearly 50 percent leave Obama mortgage-aid program
WASHINGTON — Nearly half of homeowners seeking help from the Obama administration's flagship effort to help those at risk of foreclosure have fallen out of...
The Associated Press ( 8/20/2010 7:52:48 AM -08:00 )

Are Loan Modifications Causing Foreclosures?
When the economy crumbled in 2008 as real estate values plummeted, Congress was under pressure to appease the public's demand for action to stem the tide of...
Huffington Post (blog) ( 8/20/2010 7:00:22 AM -08:00 )

A mortgage modification bill to save homes
The California Legislature has one last chance this legislative session to do something for struggling homeowners. SB1275, authored by Mark Leno,...
San Francisco Chronicle ( 8/18/2010 5:56:49 PM -08:00 )

Mortgage Mayhem: Homeowners Stranded
Editor's note: This is the first part of a series examining the government's "Making Home Affordable" program and the struggles of homeowners seeking a...
Newsweek (blog) ( 8/18/2010 9:19:38 AM -08:00 )

BofA's government mortgage modifications slow in July
CHARLOTTE North Carolina (Reuters) - Bank of America Corp (BAC.N) said on Wednesday that the number of homeowners entering the US government's primary...
Reuters ( 8/18/2010 7:01:23 AM -08:00 )

Winning the Loan-Modification Lottery, Part 2
Lewis Ranieri's Selene bought and modified Anna and Charlie Reynolds' home loan. Not everyone's that lucky. Let's face it: There is no...
Wall Street Journal (blog) ( 8/18/2010 6:15:50 AM -08:00 )

Bank of America Continues to Lead in Completing Home Affordable Modifications
CALABASAS, Calif., Aug 18, 2010 (BUSINESS WIRE) -- Bank of America increased its industry-leading total of completed Home Affordable (HAMP) mortgage...
MarketWatch (press release) ( 8/18/2010 5:37:09 AM -08:00 )

HAMP Continues to Produce Lackluster Results
Today, the Treasury Department revealed yet another scorecard for the Home Affordable Modification Program — the...
The Washington Independent ( 8/20/2010 11:17:24 AM -08:00 )

BofA Leads in HAMP; Pace Slowing
By Zacks Investment Research|Aug 20, 2010, 1:55 PM|Author's Website On Wednesday, () announced that it has the maximum involvement in the US government's...
Wall Street Pit (blog) ( 8/20/2010 9:59:43 AM -08:00 )

Treasury Admits HAMP Expectations Not Met, Thinks Extend and Pretend Is A Virtue
OK, the jury orientation is over, and I'm sitting in the sparkling jury assembly room with excellent working WiFi. Big ups for public services!...
Firedoglake (blog) ( 8/20/2010 9:28:14 AM -08:00 )

Mortgage Modifications Slip in July as Home Prices Level Off
Fewer Americans received home-loan modifications in July under the Obama...
DailyFinance ( 8/20/2010 9:03:07 AM -08:00 )