Here are the eligibility rules for homeowners planning to save their dwellings from becoming repo homes under President Obama's Home Affordable foreclosure prevention program.
Freddie Mac has suspended government foreclosures for mortgage loans qualified for any of the housing schemes offered under Obama’s program, the HOPE NOW program and other federal loan modification programs.
Many distressed homeowners who are facing bank foreclosure listings are frustrated over the myriad obstacles that prevented them from getting mortgage relief. They complained that a federal foreclosure prevention program failed to save their properties from foreclosures.
Freddie Mac's decision to suspend government foreclosures on at-risk loans that are eligible under any housing initiatives is a sign of its commitment to guarantee the success of the Home Affordable program.
Where are the former occupants of foreclosed homes now? According to Douglas Robinson of nonprofit Neighborworks America, many of them have been going to various homeless shelters or living in cars, parks, tents in out-of-the-way areas or on the streets.
Stock price indexes declined as investors wait for President Barack Obama’s economic recovery plan which includes measures to alleviate the foreclosure problem.
Old laws unfairly leaning towards mortgage lenders have been worsening the situations of Americans distressed by the possible inclusion of their dwelling in listings of foreclosed homes. Information on tax credits and Freddie Mac's renter initiative is also provided.
Loan modification initiatives aimed at averting foreclosures have been failing, according to the National Association of Consumer Bankruptcy Attorneys.
The Hope Now coalition said foreclosure listings are still growing despite its efforts to complete 250,000 loan modifications and repayment schemes in February, in addition to the initiatives described in President Obama's foreclosure prevention program.
To help in preventing the growing number of foreclosures in their state, the government of New Jersey has implemented three programs that aim to help troubled homeowners.
President Barack Obama’s commitment to provide $275 billion to help about 9 million distressed homeowners indicates his administration's aggressive stance towards stopping foreclosures.
How Philadelphia foreclosure listings are being managed by state and city officials will be evaluated by the Obama administration for its plan of helping unemployed homeowners. The state Homeowners Emergency Assistance Program has been helping a lot of Pennsylvanians.
Investors are anticipating President Barack Obama's announcement of the details of his $50 billion mortgage modification plan aimed at alleviating foreclosures.
As America's rate of foreclosures continues to climb, big banks successfully stonewall Congressional efforts to resolve the snowballing housing crisis.
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