Tag Archives: Principal Reductions

The HAMP Effect is Ending

Posted on May 17, 2010 by Greg Fielding

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 … Continue reading →

Posted in Fresh Perspectives, Home Economics, Mortgage News | Tagged HAMP, Loan Modifications, Principal Reductions | Leave a comment

Why California housing values cannot increase without income and employment growth

Posted on May 17, 2010 by HS

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 … Continue reading →

Posted in Foreclosures, Fresh Perspectives | Tagged Foreclosures, Housing Bubble, Principal Reductions, Unemployment | Leave a comment

Bank of America Supports Bankruptcy Cramdowns

Posted on April 14, 2010 by Greg Fielding

Breaking news via Huffpo. Here is the video exchange: 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 … Continue reading →

Posted in Best Of The Storm, Economic News | Tagged Bankrupcty Cramdowns, BofA, Foreclosures, Principal Reductions | 4 Comments

Lots of activity, but little will likely change

Posted on April 9, 2010 by HS

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 … Continue reading →

Posted in Uncategorized | Tagged Best Of The Storm, FDIC, Foreclosures, Fresh Perspectives, HAMP, Loan Modifications, negative equity, Principal Reductions, Slideshow, Stimulus, Uncategorized | Comments Off

Lots of activity, but little will likely change

Posted on April 9, 2010 by HS

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 … Continue reading →

Posted in Uncategorized | Tagged Best Of The Storm, FDIC, Foreclosures, Fresh Perspectives, HAMP, Loan Modifications, negative equity, Principal Reductions, Slideshow, Stimulus | Comments Off