Foreclosure News
One Family's Home Foreclosure Timeline: A True Story
(some information changed to protect the innocent; scoundrels, however are clearly identified)
Property: 4 Closed Lane, Sans Casa, Florida
Lender: Wells Fargo
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Either Summers and Geithner Go or Obama Goes
There is no way that Obama can begin to seriously reverse this course without shedding the economic team led by the Clinton-era "experts" like Summers and Treasury Secretary Timothy Geithner who got us into this mess in the first place.
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Foreclosure Program: A Bureaucratic Nightmare
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Nearly 50 Percent Leave Mortgage-Aid Program, Mortgage Banks Clean-Up
Nearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out. The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments.
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Dropout Rate for Mortgage Aid Program Nearly 50%: Treasury
In its monthly report on the Home Affordable Modification Program, the Treasury said 48.1 percent of the 1.3 million homeowners who started a mortgage modification through July have dropped out. This compares to a 41.2 percent dropout rate through June.
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