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Tag: HAMP

House Flippers Getting Mortgage Relief? Obama Expands HAMP

Homes need to be occupied. That is the bottom line. Today’s housing market needs a dramatic overhaul and it’s been long overdue for a fix. So we don’t have the time to be contemplating moral hazards anymore. So I’m OK with President Obama extending mortgage assistance to owners of multiple homes. According to Bloomberg, the administration will open up the […]

Week In Review: Foreclosure and the GOP; Banks May Lose HAMP Money; Bondi Stands Behind Settlement; Stern Wants Fries With That

Fri Jan 27, 2012 by on Florida Law News

We’re finally starting to catch our breath, with the substantial amount of news we’ve seen come down the pipeline in the housing market this week. President Obama’s State of the Union, and the apparent collapse of the federal government’s settlement with the banks have been our focus this week, and rightfully so. But there’s been lots of other stories that […]

Real Estate Review: Mortgage Rates Set New Low, Homeowners Get More Time, Banks Get Blame and “Reverse Foreclosure”

Mortgage Rates Set Fresh 2011 Low After Jobs Report Fixed rate home mortgage loans dropped for the eighth straight week to a new low for 2011 amid concerns of another economic slowdown this year, according to data from Freddie Mac and a report by The Wall Street Journal. The 30-year fixed-rate mortgage averaged 4.49%, down from 4.55% last week and […]

Now We Know: Why Obama's Loan Modification Program Failed Homeowners – Oppenheim Observes

Wed Aug 11, 2010 by on Loan Modification & Roy Oppenheim

This past weekend, I was in our Nation’s capital. It is always interesting to see things from the inside looking out, as opposed to from the outside looking in. It is like being in a house of mirrors. One thing is apparent: the Beltway economy is not suffering like places such as Florida, Nevada, and Detroit. As a result, our […]

SFBJ: Mixed Reviews for Loan Modification Plan

My good friend, Julie Kay, recently wrote a South Florida Business Journal story on the mixed reviews for the government’s Home Affordable Modification Program, or HAMP, as legislators like to call it. According to the article, HAMP is part of the U.S. Treasury’s Home Affordability & Stability Plan to save 3 million to 4 million homes from foreclosure. So far, […]

White House is Prodding Mortgage Servicers to Modify More Loans

Mon Jul 13, 2009 by on Florida Foreclosures

It looks like mortgage servicers are going to woodshed for deliberately not modifying mortgages and allowing foreclosures to sore! its about time! Here is the letter that Treasury Secretary Timothy Geithner and Housing and Urban Development Secretary Shaun Donovan sent to 25 mortgage-servicing firms last week: “We are writing to you as a participant in the Administration’s Making Home Affordable […]

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