White House seeks ideas to shrink foreclosure glut

2011-08-10T10:00:10Z

WASHINGTON (Reuters) - The Obama administration is looking for new ideas to shrink a glut of foreclosed properties held by mortgage finance giants Fannie Mae and Freddie Mac

Obama would veto bill killing foreclosure prevention

2011-03-15T14:30:14Z

WASHINGTON (Reuters) - President Barack Obama would veto a Republican-backed bill killing his signature mortgage foreclosure prevention program if Congress passes it, his administration said on Tuesday.

The Republican-controlled Reuters) - The Obama administration on Thursday pushed back against Republican moves to kill several of its foreclosure prevention programs, saying they would close the door on struggling homeowners facing the worst U.S. housing crisis in generations.

"The administration remains committed to reaching eligible ho...

More people fell out of Obama mortgage-aid program

2010-12-22T08:30:13Z

More people fell out of Obama administration's main foreclosure prevention program in November

The number of people falling out of the Obama administration's main foreclosure relief program grew in November, as more at-risk homeowners failed to lock in lower monthly payments.

The Treasury department says about 774,000 homeowners have dropped out as of last month. That's about 54 percent of the more than...

Administration faults firms in foreclosures

2010-11-23T13:30:41Z

Administration official calls problems involving mortgage foreclosures inexcusable

An Obama administration official says a preliminary investigation into the foreclosure process has found inexcusable breakdowns in the basic controls mortgage lenders should have been using.

Assistant Treasury Secretary Michael Barr said that a foreclosure task force composed of 11 federal agenci...

More than half leave Obama mortgage-aid program

2010-11-18T15:42:11Z

Obama foreclosure-prevention effort struggles as more than half falling out of program

More than half of the 1.4 million homeowners who enrolled in the Obama administration's flagship foreclosure-prevention program have fallen out.

The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. But the latest report from the Treasury Departmen...

Veto On Mortgage Bill Sustained By House

2010-11-29T14:45:09Z

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House sustains Obama veto on mortgage bill

2010-11-18T14:15:03Z

House votes to uphold Obama veto of bill that could affect foreclosures

In a largely token vote, the House on Wednesday declined to override President Barack Obama's veto of legislation that could have facilitated the processing of home foreclosure documents.

Obama, in rejecting the bill, said it could worsen problems related to recent revelations that some mortgage lenders have been evicti...

Obama Mortgage Plan

2010-11-30T13:54:38Z

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What to do if you face a foreclosure

2010-11-29T15:29:53Z

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Saving your home mortgage from foreclosure

2010-11-29T15:36:36Z

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N.Y. to hold lawyers accountable on foreclosures

2010-11-05T06:51:28Z

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Obama official says banks can restart foreclosures

2010-11-05T06:51:28Z

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Obama foreclosure-relief plan fails to show gains

2010-10-25T13:00:20Z

Obama foreclosure-prevention program fails to assist 53 percent of borrowers enrolled

The Obama administration's struggling foreclosure-prevention effort failed to show improvement as of last month. More than half the homeowners who have enrolled in the program so far have fallen out.

The Treasury Department says about 729,000 homeowners who applied to have their mortgage payme...

Mortgage woes show Wall St reform crucial: Obama

2010-10-23T03:30:06Z

WASHINGTON (Reuters) - President Barack Obama said the home foreclosure crisis underscored the importance of his Wall Street reforms, and he blasted Republicans on Saturday for "beating the drum" to roll...

Buy to Let property

2010-11-03T03:39:27Z

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ObamaVsVegas

2010-11-03T03:16:02Z

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White House keeps heat on banks over foreclosures

2010-10-19T12:00:47Z

WASHINGTON (Reuters) - The White House warned banks on Tuesday it would hold them accountable for any illegal mortgage practices, keeping pressure on financial firms after two institutions announced the resumption of home foreclosures.

GMAC Mortgage joi...

Foreclosure problems "shameful": Housing Secretary

2010-10-17T10:30:14Z

WASHINGTON (Reuters) - President Barack Obama's housing secretary said on Sunday "it's shameful" that financial institutions may have made the housing crisis worse by improperly processing foreclosures.

Shaun Donovan, secretary of the Reuters) - President Barack Obama's housing secretary said on Sunday "it's shameful" that financial institutions may have made the housing crisis worse by improperly processing foreclosures.

Shaun Donovan, secretary of the Home foreclosures touching off a new wave of voter anger, weighing on midterm election races

Three weeks before the election, anger over tainted home foreclosure documents is bursting into the battle for control of Congress, especially in hard-hit states such as Nevada and Florida. Democrats in tight races in the worst housing markets are pressing for a national moratorium, putting a reluctant <...

Have you received a foreclosure notice?

2010-11-02T23:28:31Z

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Start a Foreclosure Cleaning Business With These Easy Steps

2010-11-02T18:18:08Z

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Obama Year One

2010-11-03T00:16:54Z

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What Should I Do If I Am Facing Foreclosure?

2010-11-02T23:30:24Z

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Home Affordable Foreclosure Alternatives

2010-11-02T23:30:38Z

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Upside Down Home Loans - How to Save An Underwater Mortgage With Debt Forgiveness Programs

2010-11-02T18:00:39Z

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Debt Problems That Suck

2010-11-02T23:11:27Z

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Loan Modification Solution

2010-11-02T18:15:05Z

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White House rejects nationwide foreclosure pause

2010-10-12T14:02:46Z

WASHINGTON (Reuters) - The Obama administration rejected calls for a nationwide moratorium on housing foreclosures amid fears that such a move could cripple an already slow recovery of the U.S. housing market.

White House spokesman Reuters) - The Obama administration rejected calls for a nationwide moratorium on housing foreclosures amid fears that such a move could cripple an already slow recovery of the U.S. housing market.

White House spokesman Reuters) - A U.S.-wide foreclosure moratorium could penalize investors and make new home loans more expensive and harder to obtain, an investor group and industry experts warned on Monday.

Temporary pauses in foreclosures have expanded among major lenders as the courts, lawmakers and state attorneys general investigate whether banks supplied shoddy paperwork to support evictions ...

White House doubts need to halt all foreclosures

2010-10-11T23:37:31Z

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5 Things David Axelrod Must Have Missed About The Foreclosure Thing

2010-10-11T15:15:21Z

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Obama sends foreclosure docs bill back to Congress

2010-10-11T17:19:11Z

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Strategies to Fight Foreclosure - Revealed

2010-10-07T06:33:45Z

Finally the recent government admit that their Mortgage Modification Program did not work to help homeowners fight foreclosure and this will not going t...

Mortgage Reduction Program - A Savior For Americans

2010-10-07T08:43:37Z

The recent recession and the consequent unemployment scenario have made it very difficult for millions of Americans to keep up with their mortgage payments. Most people have fallen back on their schedule of mortgage payments and are living in constant fear of losing their homes through foreclosures. The Obama administration has realized this predicament of the American people and has come out with effective measures, such as Government mortgage reduction program 2010 and Mortgage Reduction 20...

More than half exit foreclosure-relief program

2010-09-22T15:46:01Z

Obama foreclosure-prevention program fails to aid half of troubled borrowers who enrolled

The Obama administration's flagship mortgage-relief effort is failing to ease the foreclosure crisis as more than half of those who have enrolled have fallen out of the program.

As of August, approximately 680,000 homeowners who applied to get their mortgage payments lowered, or about 51 percent, have ...

US homes lost to foreclosure up 25 pct on year

2010-09-15T21:15:12Z

US home repossessions spike in August to highest level since start of mortgage crisis

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.

The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, foreclosure listing firm Obama administration's actions have benefited the nation during crisis

Housing and Urban Development Secretary Shaun Donovan announced last week that Nevada would receive $43 million to help deal with the foreclosure crisis. The money is part of a national e...

Summary Box: Plan to help "underwater" borrowers

2010-09-07T12:10:21Z

Summary Box: Gov't plan seeks to aid homeowners who owe on mortgages than homes are worth

NEW FORECLOSURE PLAN: The Obama administration is trying to revive its attempts to tackle the foreclosure crisis with a new effort to assist homeowners who owe more on their properties than their homes are worth.

REFINANCED LOANS: The

2010-09-07T07:10:10Z

Government plan could aid 1.5 million who owe more on properties than homes are worth

The Obama administration is trying to jump-start its sputtering plan to tackle the foreclosure crisis with an effort to assist up to 1.5 million homeowners who owe more on their properties than their homes are worth.

The Obama mortgage-aid effort is struggling to stem the rising number of foreclosures in US

Nearly 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 foreclosure by lowering their monthly mortgage payments. Friday's report from Obama administration provides more relief for jobless homeowners

When 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, w...

Summary Box: States get $600M in housing aid

2010-08-04T10:16:10Z

Summary Box: Treasury approves $600M in housing aid to 5 states with high unemployment

AID 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-assistanc...

Treasury says latest mortgage-aid report flawed

2010-07-28T14:16:36Z

Treasury to revise estimates of dropouts from mortgage-aid program after analysts note flaws

The 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 loans modified.

The Trea...

More than 40 pct. leave Obama mortgage-aid program

2010-07-20T08:45:19Z

Obama loan help program struggles as more than 40 percent of those enrolled drop out

The 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 the second-straight month.

The Treasury Department says abo...

Report says gov't mortgage modifications work best

2010-06-23T09:30:10Z

Report: Delinquent borrowers most successful under government's foreclosure prevention program

Borrowers 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 modified under the Obama administration's $75 billion Foreclosure filings sink 2 percent from April 2009, first yearly decline in 5 years

Millions 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 foreclosure in April fell 2 percent from a year ago, the first annual decline in five years, RealtyTrac Inc. said Thursday. It followed a ...

Housing Bailout Bonanza

2010-10-25T14:25:30Z

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Government to unveil plan to shrink some home loans

2010-10-27T07:12:19Z

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Obama Administration to Outline Loan Modification Program

2010-10-25T12:30:52Z

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Foreclosure rates up by smallest amount in 4 years

2010-06-16T11:09:14Z

Foreclosures rise 6 percent in February, smallest yearly increase in 4 years

The 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 percent from a year ago, the smallest annual increase in four years. On the...

Why Housing Is Still a Drag on the Economy

2010-10-25T11:22:48Z

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Hope for Drowning Homeowners?

2010-10-27T06:51:56Z

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The Solutions For Each Presidential Candidate On The Mortgage Foreclosure

2010-10-05T16:37:54Z

Introduction

One presidential candidate has been proposing government intervention in the mortgage crisis consistently while the other has changed his position recently. This speech's purpose is to let everyone know about the details encircling each candidates plan thus empowering the voter with the right information to judge their candidates.

Audience analysis

The audience will be composed of an equal mixture of men and women. Most of th...

Report: Fewer people falling behind on home loans

2010-06-15T09:06:52Z

&lt;div id="subtitle"&gt;New mortgage delinquencies fell at end of 2009 as foreclosure crisis begins to ebb&lt;/div&gt;&lt;div&gt;&lt;p&gt;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 declining.&lt;/p&gt;&lt;p&gt;The drop means the number of people losing their homes will start to fall. But so...

Voters to president: Less talk, more action

2010-06-15T09:08:25Z

When Al Melquist voted for Barack Obama in 2008, the unemployed software engineer was drawn to the politician's charisma and promise of solutions for the nation's economic woes and wars in Afghanistan and Iraq.

In the time since, Melquist has given up looking for work. The house in...

Servicing Mortgages (Part 1): Underwater Homeowners, Banks and Social Trust

2010-10-22T13:14:56Z

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Gov't readies changes to mortgage relief plan

2010-06-15T09:08:35Z

Treasury Dept. to reduce paperwork burden for mortgage relief plan as participation lags

The Treasury Department on Thursday plans to unveil changes designed to streamline burdensome paperwork required for its foreclosure relief plan, according to people briefed on the matter.

The tweaks to the problem-plagued program could help more borrowers complete loan modifica...

Main Street's Confidence Is Sliding

2010-10-22T13:12:01Z

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Obama mortgage relief program fails to deliver

2010-06-16T11:25:57Z

Obama mortgage plan doesn't deliver 11 months later; only 66,500 homeowners helped so far

President Barack Obama's plan to fix the foreclosure crisis has been a dud, putting the housing market recovery at risk.

Hopes were over-inflated when Obama unveiled the program before an adoring audience of Arizona high school students last February. Almost a year late...

Borrowers with modified loans falling into trouble

2010-06-15T09:11:50Z

Report says homeowners whose loan payments are cut by 20 percent or more still falling behind

One of the biggest challenges to ending the foreclosure crisis is this: A surprising number of homeowners who get their monthly payments reduced fall behind again within a year.

When borrowers get into financial trouble, lenders have several ways to help. They can offer grace periods, longer repayment schedules, lower interest rates or reduced balances.

But ne...

Citi to suspend foreclosures for 30 days

2010-06-15T09:12:17Z

Citigroup to suspend foreclosures for about 4,000 homeowners during holiday season

Citigroup Inc. will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season.

The New York-based bank said Thursday the suspension will run from Friday through Jan. 17. It applies only to borrowers whose loan...

Foreclosure filings fall 8 percent in November

2010-06-15T09:13:20Z

Foreclosure filings back off in Nov. for 4th straight month as borrowers evaluated for help

The number of homeowners on the brink of foreclosure fell in November, the fourth straight monthly decline, as mortgage companies evaluated whether borrowers were eligible for help.

Nearly 307,000 households, or one in every 417 homes, received a foreclosure-related notice in November, down 8 percent from a month earlier, Reuters) - The Obama administration is facing stepped up pressure to provide more details about its efforts to help struggling homeowners stay in their homes.

U.S. Treasury Secretary Timothy Geithner earlier this month said about half a million American families are now participating in ...

Report: Mortgage foreclosures more profitable than workouts

2010-10-26T23:19:57Z

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INSIDE WASHINGTON: Bank errors mar mortgage relief

2010-06-15T09:23:36Z

INSIDE WASHINGTON: Bank errors hamper effort to trim mortgage payments for strapped homeowners

Towana Gooch, a single mom who lives with her 10-year old daughter, was on the verge of losing her town house in suburban Maryland after her mortgage lender kicked her out of a government loan modification program. The problem, she says she was notified, was a 7-...

At foreclosure auctions, broken dreams on sale

2010-06-15T09:23:42Z

CHICAGO (Reuters) - The seven-bedroom, three-bath house in this city's West Garfield Park neighborhood had once been someone's American Dream.

But at a recent auction of about 100 foreclosed houses and condos, it was just Property No. 20 -- and drawing no bids from a roomful of buyers despite its bargain-basement p...

Home rescue plan delaying, not solving crisis

2010-06-15T09:24:09Z

ALBANY, Ohio/WEST PALM BEACH, Florida (Reuters) - Within weeks of taking office, U.S. President Barack Obama rode to the rescue of homeowners resigned to financial ruin.

Obama, grappling with the worst U.S. housi...

Homeowners in financial trouble often redefault

2010-06-15T09:25:40Z

Half of loan modifications made in first 6 months of 2008 fell into trouble again in a year

Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again.

More than 50 percent of homeowners with loans modified in the first half of last year had missed at least two months of payments a year later, the federal Nevadan says goal is to identify lenders that are helpful — or not

BY THE NUMBERS

1.4 million

Total requests for loan modifications since March

400,000

Total offers extended for loan

modifications

230,000

Total trial loan modifications

under way

ÒIt is important that we know

which servicers

are doing their part to help Nevada

and which s...

Why Baker - Samwick Housing Proposal Is a Viable Plan

2010-10-22T07:18:15Z

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Rising unemployment accelerates foreclosure crisis

2010-06-15T09:36:48Z

As unemployment marches higher, foreclosures surge, threatening Obama plan

Relentlessly rising unemployment is triggering more home foreclosures, threatening the Obama administration's efforts to end the housing crisis and diminishing hopes the economy will rebound with vigor.

In past recessions, the housing industry helped get the economy back on track. Home builders ramped up production, expecting buy...

Lawmakers frustrated with foreclosure aid programs

2010-06-15T09:36:59Z

Senators blast lack of progress in efforts to fix mortgage crisis

Lawmakers vented Thursday about the government's inability to solve the nation's housing woes as fresh data showed foreclosure filings continued to rise.

Sen. Christopher Dodd., D-Conn., chairman of the Government foreclosure relief for 'underwater' homeowners expands to those deeper in debt

The Obama administration is expanding a program to stave off foreclosure for borrowers who owe more than their homes are worth.

Housing secretary Shaun Donovan says borrowers who owe up 25 percent more than their home's market value will qualify for governme...

The Housing Hurricane Will Howl Again

2010-10-26T20:40:40Z

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Obama signs mortgage bill into law

2010-06-15T09:44:57Z

Obama signs bill spare homeowners foreclosures, increase bank deposit insurance

President Barack Obama said homeowners facing foreclosure would have a second chance under a measure he signed into law on Wednesday, but he added consumers still must live within their means.

The law encourages banks to spare homeowners from foreclosure and cracks down on lenders who take advantage of them. The bill passed ...

SC court halts thousands of home foreclosure sales

2010-06-15T09:48:14Z

Top SC court halts thousands of foreclosures to let owners refinance; may be first in nation

South Carolina's highest court on Tuesday temporarily stopped thousands of pending foreclosure sales in the state to give homeowners more time to take advantage of a new federal program to help them refinance mortgages.

The injunction — which mortgage experts said appeared to be the nation's first court-ordered stop for an entire state — prevents ...

US foreclosures up 24 percent in 1st quarter

2010-06-16T10:38:54Z

Foreclosures up 24 percent in first quarter as temporary halts expire

The number of American households threatened with losing their homes grew 24 percent in the first three months of this year and is poised to rise further as major lenders restart foreclosures after a temporary break, according to data released Thursday.

The big unknown for the coming months, however, is President Barack Obama's plan t...

Worst foreclosure rates found in 4 states

2010-06-16T10:27:25Z

Report finds Calif, Fla., Ariz. Nevada have 26 cities with worst foreclosure rates

The 26 U.S. cities with the worst foreclosure problems are concentrated in four states — California, Florida, Arizona and Nevada,...

Capital One Financial Announces Writedowns Exceed Unemployment Rate

2010-10-26T20:55:35Z

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Loan modifications rise; many don't pare payments

2010-06-16T10:42:23Z

Foreclosure prevention efforts grow, but fewer than half of loan modifications reduce payments

Though lenders are boosting their attempts to curb record-high home foreclosures, fewer than half of loan modifications made at the end of last year actually reduced borrowers' payments by more than 10 percent, data released Friday show.

The report, based on an analysis of nearly 35 million loans worth more than $6 trillion, was published by the federal US foreclosures rise in Feb. from month earlier and remain 30 percent above last year's levels

Despite halts on new foreclosures by several major lenders, the number of households threatened with losing their homes rose 30 percent in February from last year's levels, RealtyTrac reported Thursday.

Nationwide, nearly 291,000 homes received at least one foreclosure-related notice last month, up 6 per...

Prez adviser: Gov't not overwhelmed by bad economy

2010-06-16T10:45:48Z

Obama adviser: Gov't moving carefully on many fronts, not overwhelmed by economic turmoil

A key economics adviser to President Barack Obama says the administration is moving methodically to restore American business health and denies that it's juggling too many things at once.

Christina Romer, who heads the President Barack Obama talks with media aboard Air Force One soon after leaving at Hickam Air Force Base in Honolulu, Monday, Jan. 3, 2011, en route to Washington after a family vacation. (AP Photo/Caro...

Congress Health Care

2011-01-03T12:31:31Z

FILE - In this June 8, 2010 file photo, President Barack Obama, listens as Health and Human Services Secretary Kathleen Sebelius speaks during a town hall meeting in Wheaton, Md. Eager to show who's now in charge, the House's new Republican majority plans to vote to repeal President Barack Obama's landmark he...

Obama Africa

2011-01-03T01:30:25Z

FILE - In this July 11, 2009, file photo, a Ghanaian police officer mans a security barrier ahead of the arrival of President Barack Obama, at the Presidential Castle in Accra, Ghana. Obama is quietly but strategically stepping up his outreach to Afr...

Specters Legacy

2011-01-02T10:01:04Z

FILE - In this Sept. 15, 2009, file photo, President Barack Obama embraces Sen. Arlen Specter, D-Pa., at a fundraising event at the Pennsylvania Convention Center in Philadelphia. As Specter leaves the Senate after 30 years of roll calls,...

Obama Congress

2011-01-02T02:30:22Z

FILE - In this Nov. 30, 2010, file photo President Barack Obama makes a statement in the Eisenhower Executive Office Building in Washington about his meeting with Republican and Democratic Congressional leaders. In the president's taped his weekly address from

News on Barack Obama

States near foreclosure deal with banks

Plan would turn repossessed homes into rentals