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Posts related to ‘HAMP’

FHFA Chief Says ‘No’ to Principal Reductions

Posted: July 31, 2012 at 2:34 pm

The acting chief of the Federal Housing Finance Agency (FHFA), the regulator that oversees both Fannie Mae and Freddie Mac, has responded to requests from legislators related to the two ...
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HAMP Failure Worsens As Only 340,000 Mortages Permanently Modified

Posted: June 21, 2010 at 2:43 pm

The $75 billion Making Home Affordable Program has not lead to many permanent mortgage modifications. Through May, the number was only 340,459. The figure is particularly pathetic compared to the ...
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Another Dagger Into Housing’s Heart: Defaults Rise

Posted: June 16, 2010 at 5:21 am

There has been a great deal of data from the federal government that people who have received modified mortgages end up defaulting on those home loans. The number is estimated ...
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Housing: Mortgage Applications Plummet

Posted: May 19, 2010 at 8:12 am

Housing prices, already under pressure because of unemployment and the number of defaults, are likely to continue their drop. There are fewer and fewer buyers in the market. And, the ...
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HAMP Program A Failure Or Success?

Posted: May 18, 2010 at 5:06 am

The Treasury Department released its April report on the progress of HAMP, a program to modify mortgages so that people can stay in their homes. The first reaction by the media and ...
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