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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: Home Affordable Modification Program

Home Affordable Modification Program stories: 2 news summaries

Watchdog: Feds Need to Expand Foreclosure Plan

$50B plan proving ineffective as more mortgage holders lose their jobs

Oct 10, 09 5:00 AM CDT
(Newser) - The Treasury's $50 billion loan-modification program is in danger of being swamped as the foreclosure crisis accelerates, the Congressional Oversight Panel said in a report yesterday. The Home Affordable Modification Program has met its target of 500,000 trial mortgage modifications started by November 1, but the watchdog warned that... More »

MORE ABOUT:
housing market • subprime mortgages • foreclosure • mortgage • subprime crisis • negative equity • Obama administration • TARP • mortgage modification • underwater mortgage • Home Affordable Modification Program

mortgage meltdown

 Sleazy Middlemen 
 Stiff Homeowners 
 Trying to Refi 

Foot-dragging 'mortgage servicers' step into role of fox in henhouse

Oct 4, 09 3:31 PM CDT
(Newser) - The federal mortgage modification program is mired in trouble, with just 12% of the 3 million eligible loans in the process of modification, the "servicers" that helped create the problem tasked with helping to untangle it, and the Treasury Department falling down on the oversight job. In one... More »

MORE ABOUT:
Iowa • North Carolina • mortgage • Treasury Department • GAO • Government Accountability Office • refinanced mortgages • TARP • mortgage modification • CitiFinancial • Home Affordable Modification Program

2 Stories


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