President Trump, Dodd-Frank, Fannie and Freddie



President Trump gives orders for the change he wants but the U.S. Congress has a multitude of views on what needs to be done and ultimately controls the financial purse strings

“Flex Modification” program set to replace HAMP next year



The two bodies have just announced a new foreclosure prevention program to replace HAMP, which is set to be introduced sometime next year.

$5K Extra Reward on Offer for HAMP Borrowers



The government is throwing in more incentives to keep borrowers who modify their loans through the Home Affordable Modification Program current on their mortgages.

Housing Scorecard Shows We’re On The Right Track



Despite the obvious gradual improvements seen in housing markets across the US, the overall recovery remains extremely “fragile”, according to a new report. The April Housing Scorecard notes some significant progress in the main indicators of the real estate market, but warns that there is still much to be done.

Time To Call In The IRS To Stop The Foreclosure Crisis



The government’s attempts to “fix” housing, and stop the foreclosure crisis via various programs have failed miserably. We’ve seen a 7 trillion dollar loss in the value of the U.S. housing market, and trillions more spent for bank bailouts, yet home sales are down and foreclosures continue at record levels.

Obama Housing Rescue: Not Enough Life Jackets to Go Around



When government decides to dive into the water and rescue drowning homeowners, little thought is given to how so-called “bold” rescue plans will impact those who won’t be offered their very own bailout package. For instance, the Obama administration is bent on rescuing a core constituency: vulnerable, middle-class homeowners.

Fannie And Freddie Principal Reductions: Election Year Wrangling?



FHFA Regulator, Edward DeMarco, charged with oversight of mortgage giants Fannie Mae and Freddie Mac, is under heavy pressure from the Obama administration and Democrats in congress to allow reductions of mortgage principal for qualified borrowers.

73 Percent of Consumers: What’s a HAMP? Who’s a HARP?



It doesn’t matter that the Obama Administration recently enhanced leading government programs to bail out more underwater homeowners and save others from foreclosure. Most consumers don’t even know these programs exist.

Obama Promises More Aid to Housing



President Obama pledged to keep the “American Dream alive” in his State of the Union address last Tuesday, outlining a number of efforts aimed at boosting America’s flagging economy and reviving its housing market.

Foreclosure Rates Down in 2011, says RealtyTrac



The number of foreclosures filed last year dropped by almost 33%, falling to the lowest level in four years, according to new data from RealtyTrac. Throughout 2011, one out of every 69 homes were foreclosed on, while lenders repossessed a total of 804,000 homes – compared to last year’s total of 1.05 million homes being repossessed, when the foreclosure crisis was at its peak.

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