HAMP
How to Stretch Out a Home Foreclosure for Years
10:00AM 10/18/2011
Janet's a lawyer who's losing her home, and she knows: When it comes to foreclosure, bureaucracy and paperwork can be your friends. Her foreclosure process has lasted for nearly 900 days, and counting. For homeowners in dire financial straits, her story is a lesson in how to keep a roof over your head as long as possible.
Many Distressed Homeowners Are Letting Help Pass Them By
11:00AM 8/31/2011
Bank of America, Real Estate, Credit, Banking, Personal Finance
In the last few years, outreach events by banks and nonprofits have been held all over the country, offering help to distressed homeowners. But even when they get personal invitations to these events, the vast majority of people who need mortgage modifications or short sales aren't showing up.
How to Finance Vital Home Repairs When You Have No Equity
4:00PM 8/25/2011
Financial advice columnist Laura Rowley recently received an email from a homeowner who had negotiated a successful mortgage modification, but may end up as a short-sale candidate anyway -- because she can't finance home repairs. Her options are limited, but possible solutions do exist.
Unemployed and Seeking Shelter from the Storm
11:00AM 7/08/2011
The housing crisis continues unabated, and millions of unemployed Americans remain at risk of ending up homeless. But additional government help is arriving from the Obama administration, and nonprofit agencies are making a difference in the efforts of some families to get help from their lenders.
Short Sellers See a Rebound Coming for Big Bank Stocks
9:00AM 6/10/2011
Investing, JP Morgan Chase, Bank of America, Citigroup, Wells Fargo & Co, Credit, Stocks in the News, Market News, Investment
Investors have generally taken a negative position on big banks lately: Major financial institutions face a host of issues that are punishing their bottom lines. However, some of Wall Street's most carefully watched investors -- short sellers -- are withdrawing their bets against them.
Don't Ask, Just Cram: It's Time to Put Mortgage Modifications Back into Judges' Hands
12:00PM 4/06/2011
Regulators want the nation's big banks to reduce what borrowers owe on underwater mortgages, but they're still focused on solutions that rely on banks to voluntarily do the right thing. But we've already seen that won't work, and history shows what will -- giving bankruptcy judges back the right to cram down mortgages.
The Mortgage Mess Settlement Proposal: Off to an Awful Start
4:00PM 3/07/2011
A partial settlement plan has been constructed by a group of state attorneys general and federal regulators. In theory, it addresses banks' flawed mortgage servicing, modification and foreclosure practices. In reality, it just lets the banks off the hook.
Mortgage rates on 30-year fixed loans moved above 5% this week, according to a Freddie Mac report, up from 4.81% last week, reaching the highest level since April 2010. The home market is already up against a number of challenges -- and now mortgage rates may be among them.
Research firm...
2010 was an especially tough year for homeowners, according to a year-end report from RealtyTrac. Many foreclosure proceedings, however, were stopped late in the year, which means that as many as a quarter million foreclosure filings could be added to the data in early 2011.
Bank of America's persistent failure to modify home loans has resulted in the inevitable: a consumer class action lawsuit. Last week, Susan Fraser of Missouri filed suit on behalf of herself and other qualified homeowners whom the bank failed to give permanent loan modifications to.
More Stories
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| Symbol | Last | Change / % | Volume |
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Most Actives
| 8.07 | -0.11 -1.34% | 254.23M | |
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| 18.88 | -0.26 -1.33% | 109.55M | |
| 12.44 | -0.25 -1.97% | 52.49M |
% Gainers
| 31.68 | +7.78 +32.55% | 18.42M | |
| 89.96 | +13.57 +17.76% | 13.27M | |
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| 10.50 | +1.10 +11.70% | 3.07M |
% Losers
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