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Questions about government loan modification programs

The federal programs Making Home Affordable (MHA) and the Home Affordable Modification Program (HAMP) provide incentives to Lenders for modifying loa[...] read more »
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The Big Gov’t Mortgage Mod Program: The Latest Numbers

The administration’s $75 billion mortgage modification program is meant to help 3 million to 4 million homeowners avoid foreclosures. The latest data[...] read more »
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Qualifying For The New Foreclosure Relief Program

Help for the unemployed- Jobless mortgage holders can receive a three month temporary forbearance on their mortgage loan. Loan servicers participati[...] read more »
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Is the HAFA Short Sale Program Working?

Checks in on the Government HAFA and HAMP program after almost 18 months since it began. read more »
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Home Affordable Modification Program - HAMP - The Frugal Toad

The Home Affordable Modification Program or HAMP, was created to help homeowners who are facing foreclosure keep their homes. read more »
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Conyers Begins Investigation of Bank Industry’s Failure to Help Families Avoid Foreclosure

The powerful chairman of the House Judiciary Committee, as well as other Democrats on the panel, have begun looking into why the Obama adminisatratio[...] read more »
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Report: HAMP Program Only Making A Dent In Foreclosure Crisis

A report released this week says the nation’s foreclosure crisis is on the verge of deepening. This is according to the State Foreclosure Prevention[...] read more »
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A Loan Modification Plan That Might Actually Work for Homeowners AND Lenders?

Many homeowners who are upside-down on their loans are still current on their mortgages. If banks started lowering principal balances, wouldn’t those[...] read more »
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Foreclosure Prevention Program, Fixer Upper Or Turn Key Ready?

On Thursday the House Committee on Oversight and Government Reform examined the impact of the Treasury’s foreclosure prevention efforts. The hearing[...] read more »
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Tax Credit Helps Homes Sales Increase

Home sales increased in March in all four regions of the U.S., led by a 44% increase in the southern states. Demand for existing homes could remain [...] read more »
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Was the second quarter of 2010 yet another false promise?

The latest statistics released by the Mortgage Bankers Association present a mixed bag of results – unemployment remains the greatest threat. read more »
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HAMP is in denial

The strategy of HAMP has become one of denial, with banks apparently collaborating willingly. What will happen if the chickens finally come home to r[...] read more »
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