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21 Aug 2014, 8:17 am by Daily Record Staff
Maryland’s share of the $17 billion Bank of America settlement includes $75 million in compensation for state and local governments and their pension plans — and that’s not counting the bank’s agreement to provide consumer relief via such things as mortgage forgiveness, community reinvestment and affordable rental housing. [read post]
5 May 2011, 3:30 am by propertyprof
Here's the abstract: Strategic defaults occur when borrowers default on their mortgages even though they can afford to continue to... [read post]
23 May 2011, 9:28 am by Robbie L. Vaughn, Esq.
HUD launches a new website that will allow homeowners to conduct their own net present value (NPV) evaluation of their mortgage for the Home Affordable Modification Program (HAMP): Overview CheckMyNPV.com is a free tool provided by the United States Department of the Treasury, and the Department of Housing and Urban Development in conjunction with the [...] [read post]
31 May 2012, 1:27 am
A fraud alert has been issued to the Armed Services community to combat scams targeted at homeowners seeking to apply for mortgage assistance through the Home Affordable Modification Program (HAMP) and other federal programs. [read post]
26 Nov 2007, 3:03 am
As hundreds of thousands of adjustable rate mortgages adjust up to monthly payments the homeowner cannot afford, declining values having foreclosed the option of re-financing [...] [read post]
On August 17, 2012, the new Making Home Affordable handbook 4.0 for non-GSE mortgages was released. [read post]
17 Sep 2013, 11:07 am by Kprofs2013
Wells Fargo Bank, the issue before the Ninth Circuit was whether Wells Fargo was contractually obligated under the Federal Home Affordable Modification Program (HAMP) to offer plaintiffs a permanent mortgage modification after they had complied with the... [read post]
20 Jan 2009, 11:41 am
When the U.S. housing market collapsed and foreclosures began to sweep the nation, many blamed predatory lenders, while others felt no sympathy for homeowners who took mortgages they couldn't afford. [read post]
17 Oct 2007, 10:16 pm
        The prime cause of the boom in foreclosures, Adjustable Rate Mortgage adjustments increasing payments beyond what the owners can afford, continues to worsen. [read post]
21 Jun 2009, 3:53 am
FDIC's Board of Directors meets on Tuesday next week and here are some items they will cover IInteragency Interim Rule on Capital Maintenance: Residential Mortgage Loans Modified Pursuant to the Making Home Affordable Program of the U.S. [read post]
The HAMP was "designed to offer through 2012 up to 3-4 million homeowners reduced mortgage payments that are affordable and sustainable. [read post]
18 Jan 2024, 5:10 pm by Richard West
This involves changing the terms of your mortgage to make it more affordable for you. [read post]
28 May 2013, 5:33 pm by Allison Tussey
Parris, Bailey and other PHG officers are said to have created a culture at PHG wherein employees were compelled to generate as many sales as possible regardless of whether their customers could afford the homes they were sold. [read post]
1 Oct 2007, 10:36 am
The MBS market has three big players: Federal National Mortgage Association (Fannie Mae) is a 60 year-old corporation established by an act of Congress to foster more affordable housing for low income Americans. [read post]
31 Jan 2018, 3:37 am by Simon Lovegrove and Matthew Gregory
The FCA also found that customers who engaged with their lender earlier in the term of the mortgage and who did not have a suitable repayment plan had a wider range of affordable repayment options available than those who made contact later. [read post]
16 Apr 2007, 3:24 am
ARM: See Adjustable Rate Mortgage. [read post]