Tags » Home Affordable Modification Program

Mortgage Crisis 2.0

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the impending second wave of the lastest mortgage crisis, this time due to Helocs (Home equity lines of credit) and HAMP (Home Affordable Modification Program) interest rate resets. 121 more words

Gold

Why isn't the US Congress throwing a lifeline to millions of drowning homeowners?

Even as it continues to improve, the specter of negative equity—those homeowners that are underwater on their mortgage, owing more to the bank than their home is worth—will act as an anchor on the housing market for years to come. 718 more words

Existing Home Sales Rise, Foreclosures Trickle Down

The U.S. Department of Housing and Urban Development (HUD) recently released the July edition of the Obama Administration’s Housing Scorecard—a comprehensive report on the nation’s housing market. 1,182 more words

Foreclosure News