Mortgage relief isn't exactly widespread this holiday season. For the first time in a while, mortgage rates are continuing to rise a bit - and as that happens - few are able to get any additional relief in their existing mortgages. The Mortgage Bankers Association says its overall mortgage application index decreased 18.6 percent from the previous week. The refinance ...more...
More quitting feds' program on mortgage reliefMore troubled homeowners are dropping out of the Obama administration's main foreclosure-relief program, which has been widely criticized for failing to help more people keep their homes. ...more...
Mortgage-relief program draws criticism
THE ASSOCIATED PRESS ...more...
NEW YORK (Trefis ) -- Bank of America's significant exposure to the U.S. housing market created a mess during the housing melt down in 2008-2009, whereupon the bank accepted $45 billion from Troubled Asset Relief Program (TARP). Most other Wall Street banks experienced similar turbulence during this period due to mortgage related exposure including competitors Goldman Sachs, JP Morgan, Citigroup. ...more...
Mortgage relief plan falls far short, watchdog says
WASHINGTON — An Obama administration program set up to modify distressed mortgages has failed to help the vast majority of homeowners facing foreclosure, a congressional watchdog said Tuesday. ...more...
Business Digest: Congressional watchdog blasts Obama mortgage relief program
Business Digest: Congressional watchdog blasts Obama mortgage relief program ...more...
Housing agencies clash over mortgage-relief program
The top federal agencies responsible for setting housing policy are clashing over a new program designed to help borrowers whose homes are worth less than they owe on their mortgages, according to industry and government sources. ...more...
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