A defining feature of the 2008 recession was the staggering number of people who lost their homes. While there were 717,522 foreclosures in 2006, according to the Pew Research Center, that number ...

20,666 mortgages changed under government program BofA has 240,000 mortgages in trial modifications CHARLOTTE, N.C., March 12 (Reuters) - Bank of America Corp completed 20,666 mortgage modifications ...

If you’re struggling to make your monthly mortgage payment, losing your home can become an all-encompassing fear. But, there are two lifelines available through the federal government: the Home ...

Metrics for the Making Home Affordable Program (HAMP) improved substantially during March according to data released late Wednesday by the Treasury Department. The foreclosure prevention program, a ...

The Home Affordable Modification Program (HAMP) was designed to help homeowners who were struggling financially avoid losing their homes. It did this by modifying some aspects of the original mortgage ...

NEW YORK -- The Obama administration is taking another swing at improving its main foreclosure prevention program. The administration said it was expanding eligibility for its Home Affordable ...

Pre-HAMP experience with loan modifications may have been key to the outcome of the Home Affordable Modification Program (HAMP) according to a paper published recently by the Federal Reserve Bank of ...

Add Yahoo as a preferred source to see more of our stories on Google. Foreclosures Banks may soon be required to screen and reject homeowners for the government's Home Affordable Modification Program ...

Before the housing bubble burst, Anthony Ugaro lived across from a country club in Bloomfield, N.J. "I was playing golf every day. I thought I was a duke," he said. But the good life began to unravel ...

Good intentions count, but cash is definitely better. The Treasury Department reported that fewer borrowers are receiving permanent mortgage modifications through the Obama administration's program to ...

HAMP redefaults damage housing in that the government continues to push a program that is clearly not working. HAMP merely kicks the can down the road and does not address the core economic reality — ...