Read more mortgage stories on Newserhttp://www.newser.com/taggrid/3094/mortgage.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 6:33:50 CSThttp://www.newser.com/story/71370/watchdog-feds-need-to-expand-foreclosure-plan.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe Treasury's $50 billion loan-modification program is in danger of being swamped as the foreclosure crisis accelerates, the Congressional Oversight Panel said in a report yesterday. The Home Affordable Modification Program has met its target of 500,000 trial mortgage modifications started by November 1, but the watchdog warned that...http://www.newser.com/story/71370/watchdog-feds-need-to-expand-foreclosure-plan.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 10 Oct 2009 5:00:00 CDThttp://www.newser.com/story/71314/the-next-mortgage-lender-bailout-the-fha.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAnother mortgage lender specializing in low income borrowers is in trouble: the Federal Housing Administration. The agency which oversees Fannie Mae and Freddie Mac could soon share their fate, as borrowers default on the low-downpayment mortgages it insures, critics told a House subcommittee yesterday. “It appears destined for a taxpayer...http://www.newser.com/story/71314/the-next-mortgage-lender-bailout-the-fha.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 09 Oct 2009 8:38:55 CDThttp://www.newser.com/story/70918/sleazy-middlemen-stiff-homeowners-trying-to-refi.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe federal mortgage modification program is mired in trouble, with just 12% of the 3 million eligible loans in the process of modification, the "servicers" that helped create the problem tasked with helping to untangle it, and the Treasury Department falling down on the oversight job. In one case, a...http://www.newser.com/story/70918/sleazy-middlemen-stiff-homeowners-trying-to-refi.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSun, 04 Oct 2009 15:31:43 CDThttp://www.newser.com/story/70899/banks-yanking-homeowners-last-hope-short-sales.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAs banks get healthier, they're getting stingier with one of the few remaining lifelines for underwater homeowners—short sales. To keep home sales moving in leaner times—and to get bad loans off their ledgers—lenders would forgive the difference between the outstanding mortgage balance and the purchase price. Such...http://www.newser.com/story/70899/banks-yanking-homeowners-last-hope-short-sales.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 03 Oct 2009 14:30:36 CDThttp://www.newser.com/story/70442/bofa-severs-ties-with-acorn.html?utm_source=syn&utm_medium=rss&utm_campaign=tagBank of America has cut off ties with ACORN’s housing assistance arm following revelations that employees of the community organizing group gave ill-advised assistance to videographers posing as a pimp and prostitute. ACORN Housing has worked with BofA—among other banks—since the '90s to help homeowners in danger of...http://www.newser.com/story/70442/bofa-severs-ties-with-acorn.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 28 Sep 2009 9:08:52 CDThttp://www.newser.com/story/70244/mortgage-scammers-prey-on-strapped-homeowners.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMortgage brokers who made a mint during the housing boom setting up homeowners in toxic loans are now profiting from a different sort of shady deal. So-called foreclosure rescue firms are proliferating across the US, taking money upfront and promising to negotiate with homeowners’ banks for better interest rates. Instead,...http://www.newser.com/story/70244/mortgage-scammers-prey-on-strapped-homeowners.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 24 Sep 2009 19:50:42 CDThttp://www.newser.com/story/69500/treasurys-secret-formula-slows-loan-modifications.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe Obama administration’s mortgage modification program has been a big disappointment, and part of the reason could lie in the invisible hurdle troubled homeowners have to clear to get their mortgages renegotiated: the NPV test. Devised by the Treasury, the secret formula is designed to determine if modification is in...http://www.newser.com/story/69500/treasurys-secret-formula-slows-loan-modifications.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 16 Sep 2009 8:15:29 CDThttp://www.newser.com/story/69427/acorn-may-sue-after-new-tape-emerges.html?utm_source=syn&utm_medium=rss&utm_campaign=tagACORN is weighing legal action after another undercover sting tape emerged, this time in Brooklyn, the New York Post reports. Like a tape made in Baltimore, the new footage shows a man and a woman dressed as a pimp and a prostitute getting advice on housing loans. “Honesty is not...http://www.newser.com/story/69427/acorn-may-sue-after-new-tape-emerges.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 14 Sep 2009 10:00:00 CDThttp://www.newser.com/story/68204/commercial-real-estate-may-set-off-2nd-crisis.html?utm_source=syn&utm_medium=rss&utm_campaign=tagJust as the economy starts to recover, a second mortgage disaster may be looming. The commercial real estate sector is tanking, with many properties unable to generate enough cash to make mortgage payments. Lo and behold, those commercial mortgages have been sewn into securities—comparable to the packages of home...http://www.newser.com/story/68204/commercial-real-estate-may-set-off-2nd-crisis.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 31 Aug 2009 7:27:11 CDT