News about Mortgage Loan Forbearance issue #250

by Joe Manausa on February 28, 2012

02/28/2012
If Congress doesn't act, distressed homeowners could take another hitLas Vegas SunA law that has waived homeowners' tax liability for any mortgage debt that was forgiven through modified loans more…
02/28/2012
$308b bank giftNew York PostBy MARK DECAMBRE The Obama administration will let some of the country's largest banks protect about $308 billion in profitable second mortgages on their books by layin more…
02/28/2012
Pressure Grows on Fannie and Freddie to Reduce Principal on Some LoansNew York TimesCalifornia's attorney general, Kamala D. Harris, on Monday ratcheted up the pressure on Fannie Mae and Freddie M more…
02/28/2012
Foreclosure Dispatches: Views From Around the CountryHuffington Post (blog)Banks need to start forgiving principal in loan modifications. The lack of principal forgiveness means that many, many homeow more…
02/27/2012
American Banker (subscription)Why FHFA Is Wrong on Principal ForgivenessAmerican Banker (subscription)Private lenders apparently believe that when homeowners fall behind on their mortgage payments, so more…
02/27/2012
The Market OracleUS Economy Extend and Pretend is Coming To An EndThe Market OracleSuch restructurings involved modifying an existing loan by changing the terms or breaking the loan into pieces. Bank, more…

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