Tag: "Mortgage Relief"

Mortgage relief aid reaches few homeowners

Mortgage relief aid reaches few homeowners

March 10: Fred Glick of US Loans Mortgage discusses his innovative idea for mortgage relief with CNBC. Christopher Thornberg, of Beacon Economics, shares his insight. (CNBC)Hundreds of thousands of homeowners are in limbo waiting to find out if they will be accepted for the Obama administration’s foreclosure prevention program.




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Obama considers changes to mortgage plan

Obama considers changes to mortgage plan

The Obama administration is soon expected to unveil additional protections to ensure homeowners are treated fairly and consistently under its mortgage relief program.




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Mortgage ‘relief’ leads to foreclosure notice

Mortgage ‘relief’ leads to foreclosure notice

Red Tape: For nine months, Deb Franklin said, she did exactly what JP Morgan Chase and President Barack Obama told her to do. She made her mortgage payments on time. Then, on the day after Christmas, a “bomb dropped” on her life.




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Mortgage relief reaches 7 percent of borrowers

Mortgage relief reaches 7 percent of borrowers

The Obama administration’s mortgage relief plan provided help to 7 percent of borrowers who signed up last year.




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Mortgage relief slow in coming to many

Mortgage relief slow in coming to many

Just over 31,000 homeowners have received permanent loan modifications under the Obama administration’s mortgage relief plan, a big setback for the government’s embattled effort to stem the foreclosure crisis.




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Few helped by Obama’s mortgage relief plan

Few helped by Obama’s mortgage relief plan

Only about 10,000 homeowners have received permanent loan modifications under the Obama administration’s mortgage relief plan.




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BofA says it has modified 600,000 mortgages

BofA says it has modified 600,000 mortgages

Bank of America Corp. said Monday it has provided mortgage relief through loan modifications for more than 600,000 homeowners since January 2008.




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White House tries to spur mortgage relief plan

White House tries to spur mortgage relief plan

A chain and padlock take the place of door knobs and locks on a foreclosed home in the Bronx, N.Y. With the foreclosure crisis showing no signs of relenting, the Obama administration is expanding a program aimed at helping people remain in their homes.The Obama administration’s efforts to step up pressure on the lending industry to provide mortgage relief includes few new incentives or penalties.




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Housing plan reaches 1 in 5 borrowers

Housing plan reaches 1 in 5 borrowers

After a slow start, the Obama administration’s mortgage relief program has reached one in five eligible homeowners, a government report says.


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Obama’s mortgage relief plan falling short

Obama’s mortgage relief plan falling short

The Obama administration’s effort to help homeowners avoid foreclosure may not achieve its goal of helping 3 million to 4 million borrowers, a government watchdog group says.


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Frustration rising over mortgage relief

Frustration rising over mortgage relief

Dan Binder shuffles through his paperwork that has been compiling for more than a year as he has been renegotiating with his housing mortgage holder, Wells Fargo, for a better mortgage payment.Nearly two years after the federal government moved to slow home foreclosures, a third major effort is turning into another painful disappointment. By John W Schoen.


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