RISMEDIA, February 1, 2010—As part of the Administration’s ongoing housing market stabilization plan, the U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) recently released updated guidance for servicers participating in the Administration’s mortgage modification…

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CharlotteObserver.com

Three Charlotte families struggle to save their homes CharlotteObserver.com David Eatman was among thousands who attended a nonprofit group’s mortgage modification marathon last month in Charlotte. Last week, he and his wife, … Behind on payments, but not in foreclosure CharlotteObserver.com all 4 news articles »

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How Government Mortgage Modification Programs Are Incentivized for Failure Seeking Alpha (blog) … to reduce collections, increase foreclosures and their costs, and reduce efficiency as compared to alternative means-tested mortgage modification rules. … and more »

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Local homeowners get the runaround on loan modifications Reno Gazette Journal Six months before being served the notice of default on her door, Garcia was approved for a loan modification by servicer Ocwen Financial under the federal … and more »

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I stopped paying my $1,450-a-month mortgage on my 200-year-old, four-bedroom home in September 2008 — after making the hard decision to walk away from my mortgage because it is hopelessly underwater. It is not an easy decision to walk away from your home, and in the beginning I actually…

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