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There were 120,351 permanent mortgage modifications done through proprietary programs in July, more than triple the 36,695 completed through the Home Affordable Modification Program (HAMP) in the same month...more |
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The U.S. Federal Reserve will co-host a conference on the future of housing finance later in the fall amid intensifying efforts by policy makers and bankers to address a root cause of the financial crisis...more |
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The industry has completed 1.13 million permanent loan modifications for at-risk homeowners so far in 2010, according to data released Wednesday by HOPE NOW, the private sector alliance of mortgage servicers, investors, mortgage insurers, and non-profit housing counselors...more |
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Fannie Mae's new policy to reduce appraisal cutting takes effect today. If a lender is trying to sell the GSE a loan, they are now prohibited from changing the market value of a home on the request form...more |
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