Today, as part of its ongoing commitment to continuously improve housing relief efforts, the Obama Administration announced adjustments to the Home Affordable Modification Program (HAMP) and created a new Federal Housing Administration (FHA) principal write down program . Here is a rundown of the details...
With what surely passes as warp-speed on Capitol Hill, the Senate on Wednesday afternoon reached tentative bi-partisan accord on a wide-ranging housing bill . On Tuesday afternoon the Senate voted 94-1 to move forward on legislation to help homeowners facing foreclosure. While there were still substantial...
Under the category of �what took so long� two secondary market players announced a couple of small changes; one that may help financially squeezed troops the other that adds an extra layer of security to a small sector of the mortgage market. Effective June 18, the Federal Housing Administration (FHA...