In spite of HAMP, there have been very few permanent mortgage modifications. Fannie(and the banks) have an incentive to foreclose, rather than modify mortgages.
|By: southof Saturday October 23, 2010 4:30 pm|
|By: Cynthia Kouril Monday October 4, 2010 8:26 am|
A new phrase has emerged that should strike fear in the hearts of bank CEO’s, Too Big to be Rescued.
|By: Cynthia Kouril Monday September 27, 2010 4:17 pm|
States Attorneys General need to be less concerned with investments based on RMBS and more focused on orderly cramdown mortgages with good faith mortgage modifications.
|By: Cynthia Kouril Sunday September 19, 2010 7:58 am|
“Break in chain of title” may make foreclosed houses unsellable. Karmic justice for those banks who COULD have done good faith modifications, and chose to throw people out of their houses instead.
|By: Cynthia Kouril Saturday September 11, 2010 12:09 pm|
One of the most glaring flaws with HAMP (I know, I know, there are so many) is that there is no oversight to make sure the banks are doing it competently and in good faith.
|By: Cynthia Kouril Tuesday September 7, 2010 5:40 am|
All this fancy FinReg we’ve been hearing about means that mortgage lenders have to return to sane underwriting standards, right? Erm, maybe not.
|By: Cynthia Kouril Sunday September 5, 2010 5:51 am|
Beginning on September 7, the Federal Housing Administration will offer a mortgage modification program for homeowners who are “underwater” on their loans — they owe more on their mortgage than the house is worth.
|By: ubetchaiam Thursday August 26, 2010 3:06 pm|
analysis of HAMP truthfully told
|By: Richard Zombeck Wednesday August 25, 2010 3:11 pm|
What is most disturbing about the meeting with Treasury and the things that were said, or more accurately admitted, is that an argument could easily be made that this was an overt act by the administration to mislead and trick the American homeowner. That our government has been complicit in the bank’s ravaging of the bank accounts, retirement, and investments of nearly five million people.
|By: wavpeac Tuesday August 10, 2010 7:39 am|
After hearing Mr. Gibbs’ remarks about “the professional left” needing drug testing, my blood began to boil. This diary is an attempt to share a slice of the middle America pie which has valid complaints about the job left undone by President Obama. Sure, Obama has tried — but when you are bleeding to death, a bandaid is little comfort.