Posts Tagged ‘Hope-4-Homeowners’

Foreclosures Poised to Take Down the U.S. Banking System… and even entire economy, says Whalen. (Ya’ think?)

Written on 21 Dec, 2010 at 7:32

"Laurie Goodman of Amherst Securities predicts that 1 in 5 mortgages could go into foreclosure without radical action." Now just a minute here... you're not saying that one out of five people with mortgages are "irresponsible sub-prime borrowers who never... (Continue reading)

New Legislation to Offer $1 Billion in Federal Loans to Help Unemployed Homeowners Pay Mortgages

Written on 30 Jun, 2010 at 7:58

Plus, if I was at all unsure of my position on this program, the clincher was finding out that the cost of both programs is being covered by a tax on large banks and hedge funds contained in the bill.... (Continue reading)

Tagged with: aurora bailouts bank of america C-SPAN congress democrats diana olick federal bridge loans FINANCIAL REFORMS foreclosure crisis HAMP Hope-4-Homeowners Indymac bank jpmorgan chase loan modifications loans for unemployed Making Home Affordable Plan mandelman matters martin andelman ml-implode mortgage lending mortgage refinancing NACA new legislation New York Times obama administration Obama in 2012 outraged homeowners real estate bubble rehabilitate foreclosed properties republicans saxon short sale power hour short sales tbws the niche report think big work small unemployed homeowners unemployment wells fargo bank

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

Written on 8 Dec, 2009 at 4:01

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)