Treasury Pushes Mortgage Firms for Loan Relief – New York Times
The administration said Monday that it would increase the pressure on banks to help troubled homeowners permanently lower mortgage payments. The Treasury Department said that mortgage servicers would be required to submit plans on how they would …
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The Obama administration is promising to move quickly to simplify the paperwork consumers receive when taking out a home mortgage. Obama adviser Elizabeth Warren and Treasury Secretary Timothy Geithner said Tuesday that the administration was committed to … Go to Source…
WASHINGTON – The Treasury Department on Thursday plans to unveil changes designed to streamline burdensome paperwork required for its foreclosure relief plan, according to people briefed on the matter. The tweaks to the problem-plagued program could … Go to Source…
WASHINGTON – The Treasury Department on Thursday plans to unveil changes designed to streamline burdensome paperwork required for its foreclosure relief plan, according to people briefed on the matter. The tweaks to the problem-plagued program could … Go to Source…
Washington: The Treasury Department is expected to meet with lenders on Monday to press them to do more to rework troubled home mortgage loans, a source familiar with the Treasury’s thinking said. Herbert Allison, the Treasury Department’s assistant … Go to Source…
Bank of America announced on Monday that it had paid more than $2.5 billion to buy back troubled mortgages and resolve related claims from Fannie Mae and Freddie Mac — deals that may prompt a wave of such settlements by big banks. The agreements center … Go to Source…
New York: The Obama administration plans to announce on Monday a campaign to press mortgage companies to reduce payments for many more struggling homeowners, The New York Times reported in Sunday editions. “The banks are not doing a good enough job … Go to Source…
… troubled home loans are converted into new loans with lower monthly payments, Treasury spokeswoman Meg Reilly said over the weekend. Industry officials said the new effort would include increased pressure on mortgage companies to accelerate loan … Go to Source…
State attorneys general have presented the nation’s five biggest banks with a list of demands that could drastically alter the foreclosure process and give the government sweeping authority over how mortgage servicers deal with millions of Americans in … Go to Source…
Federal investigators are looking into allegations that banks have wrongly pocketed tens of millions of dollars from troubled homeowners by double-billing for mortgage escrow fees, The Post has learned. Exactly how much in phony profits the banks may have … Go to Source…
WASHINGTON — The federal government’s expansion of a mortgage refinancing program could reduce the monthly payments of up to one million homeowners, but analysts said the modest scope of the plan meant it would probably do little to heal the … Go to Source…
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