AP – A key lawmaker is working with banks, regulators and the Obama administration on a new way to boost the government’s struggling foreclosure prevention effort by encouraging banks to reduce the total amount borrowers owe.
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AP – Lawmakers are taking aim at the Obama administration’s struggling mortgage assistance program, with Republicans calling it a worthless exercise and Democrats saying it doesn’t go far enough.
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AP – The Obama administration will wait until 2011 to propose an overhaul of mortgage giants Fannie Mae and Freddie Mac, Treasury Secretary Timothy Geithner said Wednesday, arguing that he wanted to put some distance between a new system and what he called “the worst housing crisis in generations.”
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AP – The Obama administration is considering additional protections to ensure homeowners are treated fairly and consistently under its mortgage relief program.
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AP – Homeowners seeking relief under the Obama administration’s mortgage aid program will be required to provide proof of their incomes upfront, a significant reversal for the problem-plagued effort to stem the foreclosure crisis.
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Reuters – The Obama administration unveiled changes to its $75 billion home loan modification program on Thursday in an effort to boost the number of trial home loans that become permanent.
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Reuters – Six Republican senators took aim at the Obama administration’s Christmas eve decision to give mortgage companies Fannie Mae and Freddie Mac unlimited access to a Treasury credit line.
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The Christian Science Monitor – The Obama administration announced Friday that its much-lauded mortgage modification plan has had a disappointing start, helping far fewer Americans stay in their homes than originally hoped.
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The Christian Science Monitor – The Obama administration announced Friday that its much-lauded mortgage modification plan has had a disappointing start, helping far fewer Americans stay in their homes than originally hoped.
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