A U.S. program aimed at helping struggling homeowners avoid foreclosure has been oversold by the Treasury Department and is likely to be a failure when it wraps up in 2012, a report from the ...

What is it? Under the new program, lenders will be offered incentives to allow some underwater homeowners to sell short – selling their homes for less than they owe on their loans and being let ...

Gretchen Morgenson talked about her [New York Times] piece on the effectiveness of the federal government's Home Affordable Modification Program (HAMP). HAMP was set up by the Obama administration ...

Important As of September 2023, all TARP programs—including the federal Home Affordable Modification Program (HAMP) —have closed.

With the end of both the Home Affordable Modification Program and the Home Affordable Refinance Program getting close, the government is working to come up with new refinance options for borrowers ...

For homeowners who are struggling with mortgage payments, a valuable opportunity to avoid losing their homes will soon go away. Dec. 31, Making Home Affordable (MHA) will end. MHA, the foreclosure ...

A loan modification is often billed as a lifeline for homeowners in trouble. But if you ask Johnnie Jefferson, an 85-year-old resident of Richmond, TX, she’d tell you that a loan modification ...

The revised Home Affordable Modification Program, or HAMP, also would pay Fannie Mae and Freddie Mac to forgive debt on homes that have lost value. The government-owned companies, citing cost, don ...

Sign up for The Media Today, CJR’s daily newsletter. The special inspector general of the TARP, Neil Barofsky, released a blistering report yesterday, including ...