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Tag: Loan Modification


AP / Cliff Owen

Obama Housing Plans vs. Reality

The Obama administration recently unveiled a string of proposals to help struggling homeowners and get the housing market back on its feet. Here are the latest of them, whether they are anything new and whether they stand a chance of going anywhere.

Posted on Feb 15, 2012 READ MORE  |  2 COMMENTS


Govt’s Loan Mod Program Crippled by Lax Oversight and Deference to Banks

With millions of homeowners still struggling to stay in their homes, the Obama administration’s $75 billion foreclosure prevention program has been weakened, perhaps fatally, by lax oversight and a posture of cooperation—rather than enforcement—with the nation’s biggest banks.

Posted on Jan 27, 2011 READ MORE  |  4 COMMENTS



Flickr / respres

Homeowners Say Banks Not Following Rules for Loan Modifications

The administration set a goal of helping up to 4 million homeowners through the $75 billion mortgage modification program, but banks appear to have created unnecessary hurdles that, in some instances, violate the loan program’s rules.

Posted on Jan 14, 2010 READ MORE  |  13 COMMENTS



Flickr / respres

Not Really a Lifeline for Homeowners?

John Dunbar of the Center for Public Integrity has analyzed the Obama administration’s home loan modification program, which aims to keep troubled borrowers in their homes, and finds it “highly problematic.”

Posted on Sep 1, 2009 READ MORE  |  8 COMMENTS



Flickr / respres

A Lifeline for Homeowners? Not Really

John Dunbar of the Center for Public Integrity has analyzed the Obama administration’s home loan modification program, which aims to keep troubled borrowers in their homes, and finds it “highly problematic.”

Posted on Sep 1, 2009 READ MORE  |  1 COMMENT


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