Topic: Barack Obama

Banks say governments, nonprofits will get first chance to buy foreclosures in new programMajor banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors. The Obama administration says local ...

Obama mortgage-aid effort is struggling to stem the rising number of foreclosures in USNearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out. The program is intended to help those at risk of ...

Obama administration provides more relief for jobless homeownersWhen President Barack Obama visited Green Valley High School in February, he announced a new $1.5 billion fund to help jobless homeowners nationwide avoid foreclosure. The announcement was most welcome in Southern Nevada, which was ...

Summary Box: Treasury approves $600M in housing aid to 5 states with high unemploymentAID TO UNEMPLOYED: The Obama administration plans to send $600 million to help unemployed homeowners avoid foreclosure through state-designed programs. FIVE STATES GET HELP: The Treasury Department approved mortgage-assistance ...

Treasury to revise estimates of dropouts from mortgage-aid program after analysts note flawsThe Obama administration is revising the latest report on its troubled mortgage-relief program, and the changes are likely to show a greater number of borrowers facing foreclosure after having their ...

Obama loan help program struggles as more than 40 percent of those enrolled drop outThe number of people dropping out of the Obama administration's program main program to help those at risk of losing their homes outstripped those who received aid for ...

Report: Delinquent borrowers most successful under government's foreclosure prevention programBorrowers with mortgages modified under the federal government's foreclosure prevention program are more likely to stay current than those with other modifications, a report Wednesday showed. Fewer than 17 percent of home loans ...

Foreclosure filings sink 2 percent from April 2009, first yearly decline in 5 yearsMillions of Americans are still likely to lose their homes in the coming years, but the foreclosure crisis is finally showing signs of subsiding. The number of households facing ...

Foreclosures rise 6 percent in February, smallest yearly increase in 4 yearsThe foreclosure crisis isn't over, but the pace of growth may finally be slowing down. RealtyTrac Inc. said Thursday that the number of U.S. households facing foreclosure in February grew 6 ...

<div id="subtitle">New mortgage delinquencies fell at end of 2009 as foreclosure crisis begins to ebb</div><div><p>The end of the foreclosure crisis is finally in sight. For the first time in almost three years, the number of homeowners falling behind on their loans is ...