U.S. to increase pressure on mortgage industry – USA Today
Meg Reilly, a Treasury spokeswoman, said the program would, among other steps, make more aid available to struggling borrowers and expand the number of organizations providing help.
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ATLANTA, Oct 26 (Reuters) – The U.S. mortgage industry must do more to establish trust with consumers and take stronger steps to participate in government programs to help struggling borrowers, the head of the Federal Housing Administration said on Tuesday … Go to Source…
ATLANTA, Oct 26 (Reuters) – The U.S. mortgage industry must do more to establish trust with consumers and take stronger steps to participate in government programs to help struggling borrowers, the head of the Federal Housing Administration said on Tuesday … Go to Source…
Nov. 18 (Bloomberg) — U.S. homeowners are dropping out of the Obama administration’s foreclosure prevention program at a faster rate than they are joining it, according to figures released today by the U.S. Treasury Department. Borrowers aided by the … Go to Source…
WASHINGTON – The Obama administration will crack down on mortgage companies that are failing to do enough to help borrowers at risk of foreclosure, as part of a broad effort to boost participation in its mortgage assistance program. The Treasury … Go to Source…
Treasury spokeswoman Meg Reilly confirmed the document was authentic, but wrote in an e-mail that it “has not been approved and there are no immediate planned announcements on the issue.” Government officials acknowledge treatment of homeowners has … Go to Source…
Washington: The Treasury Department is expected to meet with lenders on Monday to press them to do more to rework troubled home mortgage loans, a source familiar with the Treasury’s thinking said. Herbert Allison, the Treasury Department’s assistant … Go to Source…
WASHINGTON — Conceding that its initial mortgage relief program has been less than successful, the Treasury Department Thursday announced new rules to simplify and speed the decision-making process for struggling borrowers trying to modify the … Go to Source…
They’re not getting a penny from the federal government until they move forward,” Mr. Barr said … contend that the Treasury program, addressing mortgages whose low promotional interest rates had soared, is outmoded. At this point, foreclosures … Go to Source…
WASHINGTON — The Obama administration’s mortgage relief plan provided help to only 7 percent of borrowers who signed up last year, another black mark for the struggling program. About 900,000 borrowers have enrolled in the $75 billion program … Go to Source…
Jan. 11 – There are pros and cons to providing a big mortgage relief program to stimulate recovery in the U.S., says economist and Nobel laureate Thomas Sargent. Go to Source…
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