For the first time, more loan mods are being canceled than started. April saw 123,332 Trial and Permanent loan modifications get canceled, while only starting 47,160 new modifications. The shadow inventory that has been stuck in HAMP limbo is about to start hitting the market. April numbers saw HAMP slowing down in two significant ways. [...]

Dr. Housing Bubble writes: We are heading for 3.5 to 4 million foreclosure filings this year and this is all occurring with every imaginable government program as well.  Why hasn’t it worked?  Because the economy is still in the dumps for most Americans.  What use is it having a low interest rate if you lost [...]

Breaking news via Huffpo. Here is the video exchange: http://www.huffingtonpost.com/video/video_2311.html?1271188505 The article continues: Its support now gives homeowner advocates in Congress added ammunition to pressure lenders to either do more to give distressed homeowners sustainable mortgage modifications, or to threaten the rest of the mortgage industry with the possibility of reintroducing a bill that would [...]

There’s been a lot of housing market activity in both the public and private sector recently. Modifications to the HAMP and FHA programs to address loan modification failings and more negative equity Launch of the HAFA program to promote foreclosure alternatives including short sales and deeds-in-lieu of foreclosure Modifications to Bank of America’s National Home [...]

There’s been a lot of housing market activity in both the public and private sector recently. Modifications to the HAMP and FHA programs to address loan modification failings and more negative equity Launch of the HAFA program to promote foreclosure alternatives including short sales and deeds-in-lieu of foreclosure Modifications to Bank of America’s National Home [...]