Tag Archives: Treasury

HAMP extended to end of 2015

It was just announced that The Home Affordable Modification Program (HAMP), will be extended another two years, until December 31, 2015. This announcement came today from the U.S. Treasury Department and the U.S. Department of Housing and Urban Development (HUD) … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Squatters Taking Over Foreclosed Homes

Dayna and Troy Donovan of Littleton couldn’t get back into their house because squatters had taken up residence. The Donovans, and their two young daughters had been living in a relative’s basement in Greely until they could get squatters out of … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Wells Fargo Wrongful Foreclosure Leads to Man’s Suicide

In 2000, Norman and his wife, Oriane Rousseau wanted to buy a home in Newbury Park, California. They were approved for a loan at a fixed-rate interest and they put their life’s savings as a 30% down payment on the … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Modification Programs Failed

As previously stated The Treasury was initially allocated $700 billion for the Troubled Asset Relief Program (TARP). TARP funded the home modification programs. The U.S. Treasury Department oversees TARP. The home modification programs have failed. In 2009, the amount TARP … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Likely 4 Million Homeowners Needlessly Denied Modifications

America is in the sixth year of the foreclosure crisis. Last month, a total of 5,562,000 home loans were delinquent or in foreclosure. There doesn’t seem to be any end in sight. Banks and lenders were supposed to have given … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Fannie Mae Asking for Another $4.6 Billion

Yesterday, Wednesday, Feb. 29, 2012, Fannie Mae announced they are asking the government (that’s us folks) for more bailout money. This time they need $4.6 billion. They’ve already received, or are about to receive a total of $117.3 billion in … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment