Posts Tagged ‘hamp performance’

The Care Bair – FDIC’s Sheila Bair Wants Principal Reductions from Banks With Loss Sharing Agreements

 The Care Bair - FDIC's Sheila Bair Wants Principal Reductions from Banks With Loss Sharing Agreements

I know… you think not modifying those loans is punishing the homeowners for getting in over their heads… but in realty, it’s not punishing them… it’s punishing you… you are running about, commenting on blogs, advocating the kicking of your... (Continue reading)

I Have Several Questions for Mortgage and Real Estate Experts…

I Have Several Questions for Mortgage and Real Estate Experts...

There is no “market,” right? We really don’t know how low prices have already gone down to, because if the foreclosures were on the market or if banks were actually kicking all the people out that haven’t made payments... (Continue reading)

House Hearings to Answer Question: Are Loan Servicers Honoring Their Commitments to Help Preserve Homeownership?

House Hearings to Answer Question: Are Loan Servicers Honoring Their Commitments to Help Preserve Homeownership?

Everything’s going just fine. There are no real problems with HAMP or with the servicers who are implementing HAMP. Oh sure, there have been a few challenges, but most of them have been caused by the borrowers who... (Continue reading)

Obama Administration to Announce Expansion of HAMP Principal Reductions and Help for Unemployed

Obama Administration to Announce Expansion of HAMP  Principal Reductions and Help for Unemployed

On Friday, the White House is expected to announce an expansion of the president’s Making Home Affordable loan modification program to include reducing the mortgage loan balances for some homeowners, and providing additional temporary assistance to unemployed homeowners. ... (Continue reading)

After One Year, Obama Plan to Help Modify Second Mortgages Modifies NONE Nada, Ziperino!

After One Year, Obama Plan to Help Modify Second Mortgages Modifies NONE Nada, Ziperino!

The plan was announced last April. Treasury released guidelines in August. And five weeks ago, Bank of America, with three million seconds, signed up. Five weeks ago. Stop it… they’ve been busy.... (Continue reading)

Did I say HELP? I didnt mean help. I meant OFFER to HELP. Or talk about helping. It depends on your definition of HELP.

Did I say HELP?  I didnt mean help.  I meant OFFER to HELP.  Or talk about helping.  It depends on your definition of HELP.

When Obama introduced Making Home Affordable he claimed that the program would help 3-4 million homeowners, but as it turns out, the program has at best helped… and I use the term "helped" very loosely… about 170,000 homeowners to-date. ... (Continue reading)

BREAKING NEWS: Amendment Allowing Judges to Modify Mortgages to be Included in H.R. 4173 – Wall Street Reform and Consumer Protection Act

BREAKING NEWS: Amendment Allowing Judges to Modify Mortgages to be Included in H.R. 4173 - Wall Street Reform and Consumer Protection Act

We need judges to be able to write down mortgages on primary residences because the banks aren’t doing it voluntarily, the administration’s Making Home Affordable plan isn’t working, and the result continues to be millions of foreclosures that are destroying... (Continue reading)

Making Home Affordable Program: Treasury Finally Admits IT’S A DUD!

Making Home Affordable Program: Treasury Finally Admits IT'S A DUD!

As a nation, we don’t want to modify mortgages for the benefit of those in foreclosure, we need to modify mortgages for the benefit of those not yet in foreclosure. Or in other words, don’t modify my neighbor’s mortgage... (Continue reading)

BREAKING NEWS: Latest U.S. Teaseury Dept. Study Shows 3.6 Billion Homeowners Have Been Offered Loan Modifications

BREAKING NEWS:  Latest U.S. Teaseury Dept. Study Shows 3.6 Billion Homeowners Have Been Offered Loan Modifications

Housing counselors and lending experts say that HAMP is having a meaningful impact on the global foreclosure rate, and Lucely Figures, a housing economist at Muddy’s expects at least another 3 billion loan modifications next year. ... (Continue reading)


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