"They told us they deal with numbers, they don't deal with people. But they're dealing with people, with the lives of people and children."[...]
Mortgage-relief program draws criticism
THE ASSOCIATED PRESS[...]
Mortgage relief? Not so much from Obama program.
Mortgage relief program, already under fire, has more than half of its recipients dropping out.[...]
Mortgage Relief: Mortgage Activity Drops
Mortgage relief may be coming to the banks, which could be a pleasant surprise due to the massive amounts of foreclosures and amid claims of scandal. The Mortgage Bankers Association said U.S. mortgage activity fell in the week ending Dec. 17 as interest rates hovered near six-month highs. Interest rates for 30-year, fixed-rate mortgages rose from 4.84 percen[...]
Bank of America: Upside From Mortgage Profit Margins
NEW YORK (Trefis ) -- Bank of America's significant exposure to the U.S. housing market created a mess during the housing melt down in 2008-2009, whereupon the bank accepted $45 billion from Troubled Asset Relief Program (TARP). Most other Wall Street banks experienced similar turbulence during this period due to mortgage related exposure including competitors Goldman Sachs, JP Morgan, Citigroup.[...]
Debt relief not as easy as it sounds
OMAHA - Omahans' financial losses to shady firms are among the reasons for an alert issued by the Better Business Bureau.[...]
Mortgage relief plan falls far short, watchdog says
WASHINGTON — An Obama administration program set up to modify distressed mortgages has failed to help the vast majority of homeowners facing foreclosure, a congressional watchdog said Tuesday.[...]
Housing agencies clash over mortgage-relief program
The top federal agencies responsible for setting housing policy are clashing over a new program designed to help borrowers whose homes are worth less than they owe on their mortgages, according to industry and government sources.[...]
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