The office of the Controller of the Currency (OCC) and the Office of Thrift Supervision (OTC) released the mortgage metrics report based on Q4 2008 data. The percentage of non performing notes increased to 10.05% from 6.66% between the first and last quarter 2008. Re-default rates of Modified Loans approaches 60% after 6 months of [...]
Please use the self-assessment tools provided on this web site to see if you are among the 7 to 9 million homeowners who may be able to benefit from MakingHomeAffordable.gov Tags: Bail+Out, Banks, Lenders, Loan+Modification
As of March 2009, Treasury has made investments in banks in 48 states, the District of Columbia and Puerto Rico. Through CPP, Treasury has touched almost every banking market in the country, with investments ranging from as small as about $301,000 to as large as $25 billion in community, regional and national banks as well [...]
Federal, State Partners Announce Multi-Agency CrackdownTargeting Foreclosure Rescue Scams, Loan Modification Fraud Civil Enforcement Cases, State Enforcement Actions, Alert to Financial Institutions Among New Efforts to Protect American Homeowners Seeking Relief WASHINGTON – As homeowners and communities throughout the country continue to face devastating consequences from the deep contraction in the economy and the [...]
