Posts Tagged ‘HAMP PRA’

What is Ed DeMarco Thinking?

Written on 10 Jun, 2012 at 17:48

Edward DeMarco of the FHFA is the conservator for the GSEs, Fannie Mae and Freddie Mac. At this point the president, the Secretary of the Treasury, and many in congress have asked him about participating in anything... HAMP, principal... (Continue reading)

Guest Post: Principal Reduction Modification Math, by Rick Rogers, JD/MBA

Written on 27 Feb, 2011 at 10:57

This report will compare the Net Present Value (NPV), of standard Home Affordable Modification Program (HAMP), modifications with Principal Reduction Alternative HAMP (PRA HAMP) modifications. If the mortgage principal balance on a home exceeds 115% of its market value,... (Continue reading)

Hawaiian Homeowners Pay Unexpected Visit to Bank of America in Honolulu

Written on 17 Feb, 2011 at 8:26

You know... I've been wondering when the Hawaiians were going to get into the game on this loan modification foreclosure thing and there you have it... and they brought Valentine's Cards and sang a song. ... (Continue reading)

Tagged with: bank of america bank of america honolulu BofA honolulu FACE Faith Action for Community Equity foreclosures HAMP HAMP PRA hawaiinewsnow.com loan modifications mandelman matters martin andelman principal reductions Rev. Sam Domingo stop foreclosure

CalHFA’s $2 Billion Home Rescue Program… Here’s How Stupid They Think We Are.

Written on 10 Feb, 2011 at 10:14

You see, it's a very well thought out no-lose proposition, this new California foreclosure rescue program... because if the banks refuse to participate in it, which would kill the whole principal reduction aspect of the plan, it's really not a... (Continue reading)

Tagged with: Alejandro Lazo ally bank bank of america CalHFA California foreclosure rescue program California Housing Finance Agency Center for Responsible Lending citibank citigroup diane olick Fannie Mae foreclosure crisis foreclosure fraud Freddie Mac GMAC Greenlining Institute Guy Cecala HAMP HAMP PRA jpmorgan chase Keep Your Home California Keep your home california program L.A. Times LA Times loan modifications making home affordable mandelman mandelman matters martin andelman max gardner ml-implode.com mortgage servicers NACA NPV 4.0 one west bank Paul Leonard PRA Preeti Vissa Principal Reduction Alternative principal reductions publisher of Inside Mortgage Finance realtytrac Rick Sharga Stan Humphries State of California stop foreclosure TARP The Keep Your Home California Program wells fargo zillow zillow.com

Voting on Principal Reductions: Treasury: YES… FHFA: NO… Obama Administration: YES… Congressional Republicans: NO. Good Lord.

Written on 20 Dec, 2010 at 1:30

Obama has been pressuring FHFA to let Fannie Mae grant principal reduction... the President of the United States is pressuring them... Ohhh, is it like Guantanamo... or more like Canyon Ranch... pressure me some more, Barack... I like it when... (Continue reading)