FHFA introduces overdue program for underwater homeowners
See why the new principal reduction program is unlikely to help California homeowners.
Read Moreby Sarah Kolvas | Jul 18, 2016 | Finance, Real Estate | 0
See why the new principal reduction program is unlikely to help California homeowners.
Read Moreby ft Editorial Staff | Aug 15, 2014 | Charts, Mortgages, Real Estate | 0
Past NODs indicate how many foreclosures are yet to come.
Read Moreby Matthew Shade | Sep 5, 2013 | Mortgages, Real Estate | 1
$815 million of taxpayer money has gone to mortgage lenders for running at risk homeowners through the Home Affordable Modification Program (HAMP).
Read Moreby Matthew Taylor | Jul 10, 2013 | Mortgages, Real Estate | 0
Yet another federal home-loan recovery program enters the stimulus mix.
Read Moreby Jeffery Marino | May 5, 2013 | Real Estate | 1
President Obama has nominated a new Director for the Federal Housing Finance Agency (FHFA).
Read Moreby Jeffery Marino | Apr 29, 2013 | Mortgages, Real Estate | 4
Real mortgage relief is on the horizon for California homeowners, according to officials for the Keep Your Home California program.
Read Moreby Jeffery Marino | Mar 30, 2013 | Real Estate | 0
To ensure the greatest compassion and efficiency in the marketplace, lenders ought to develop and disclose a forgiveness formula, according to a prominent University of Chicago economist.
Read Moreby Carrie B. Reyes | Jul 13, 2012 | Finance, Laws and Regulations, Real Estate | 8
Offering cramdowns to underwater homeowners is the solution for the struggling housing industry,...
Read Moreby Sarah Cantino | Jun 19, 2012 | Real Estate | 0
Principal reduction (cramdowns) granted by bankruptcy courts is the only solution to underwater homeowners’ plight, a recent article from Daily Finance argued. Unlike recent endeavors to implement cramdowns through bank...
Read Moreby Carrie B. Reyes | May 23, 2012 | Feature Articles, Market Watch, Real Estate | 2
This article analyzes the recent Federal Reserve survey of Big Banks and allows readers to share their own experiences with lenders.
Read Moreby Carrie B. Reyes | May 21, 2012 | Finance, Real Estate | 2
Fannie Mae and Freddie Mac (collectively Frannie) will soon participate in California’s Principal...
Read Moreby ft Editorial Staff | Jan 1, 2012 | Feature Articles, Finance, Laws and Regulations, Real Estate | 6
This article discusses the purported moral implications of a homeowner’s decision to strategically default and why no such implications exist for a strategically defaulting business.
Read Moreby ft Editorial Staff | Dec 6, 2011 | Finance, Reader Polls, Real Estate | 0
Readers weigh in on topics affecting the California real estate industry.
Read Moreby ft Editorial Staff | Nov 2, 2011 | Feature Articles, Real Estate | 2
This article discusses the position of Freddie Mac and Fannie Mae against principal reduction for negative equity homeowners and evaluates the moral argument over mortgage debt forgiveness for California homeowners.
Read Moreby ft Editorial Staff | Nov 2, 2011 | Real Estate | 12
Debt forgiveness for underwater homeowners is being deliberated by the Federal Housing Finance...
Read Moreby ft Editorial Staff | Jul 15, 2011 | Finance, Real Estate | 0
The current administration’s efforts to help homeowners navigate the depressed housing market have been “not enough,” according to the President. In a recent town hall event, users from across the nation took to their Twitter...
Read Moreby ft Editorial Staff | Jul 13, 2011 | Real Estate | 0
Lenders have been quietly offering unrequested loan modifications or principal reductions on adjustable rate mortgages (ARMs) to borrowers who are not in default, according to the New York Times. JP Morgan Chase (Chase) and Bank...
Read Moreby ft Editorial Staff | Jan 25, 2011 | Real Estate | 6
As lenders continue to resist mortgage principal reduction, homeowners are beginning to ask why...
Read Moreby ft Editorial Staff | Nov 11, 2010 | Feature Articles, Real Estate | 7
This article covers efficacy of mortgage modifications and why lenders are hesitant to grant them.
Read Moreby ft Editorial Staff | May 20, 2010 | New Laws, Real Estate | 0