Tag Archive | “HAMP”
Florida’s Foreclosure-fatigued Families Flee
Some 20 percent of owners of properties making their way through the torturous foreclosure process are abandoning their homes rather than hoping for a miracle or waiting until the bitter end eventually comes.
Continue reading…Foreclosure Discounts are All Over the Map
Monday, March 4, 2013
The low prices that make foreclosures attractive to investors also make foreclosures toxic to communities and homeowners. The discount between “normal” priced homes and the prices paid for properties than have been through the foreclosure process can spell the difference between profit and loss to an investor at the same time that they drive real estate values into the ground.
Continue reading…Homeowners Recover 13.5 Percent of Lost Equity Through Q3
Friday, October 5, 2012
Rising home values have brought homeowner equity to its highest level since the third quarter of 2008 and helped lift 1.3 million families above water. Homeowner equity jumped $406 billion, or 5.9 percent, to $7,275 billion in the second quarter of 2012, according to the Obama Administration’s September Housing Scorecard.
Continue reading…Two-time Losers Flood Foreclosure Inventory
Friday, December 2, 2011
Nearly half, 45 percent, of October foreclosure starts were redefaults-mortgages which had previously defaulted and were modified unsuccessfully either by the lender or the federal government. About 105,000 redefaults increased total foreclosure starts in October to 232,865, 11.5 percent more than the level of a year ago.
Continue reading…HAMP Cuts Re-default Rate
Friday, February 4, 2011
Homeowners who modified their mortgages under government’s Home Affordable Modification Program (HAMP) are staying current on their loans at a far better rate than critics expected and are outperforming industry modifications, according to the largest data from the Treasury Department.
Continue reading…Fannie and Freddie Trump Homebuyer Tax Credit
Friday, October 22, 2010
Keeping Freddie and Fannie solvent has cost taxpayers six times as much as the homebuyer tax credit and, depending on the economy, could just about equal the cost of mortgage interest deduction over the next two years, according to projections released yesterday by the Federal Housing Finance Administration.
Continue reading…Mortgage Modifications are Sticking
Wednesday, September 29, 2010
Though the Administration’s Home Affordable Modification Program (HAMP) is falling far short of its goal of helping three to four million homeowners, the program is succeeding at helping those who do make through the program are stay current on their payments and avoid re-default.
Continue reading…
Thursday, June 20, 2013
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