Mortgage delinquencies, people behind at least 3 months on their mortgage payment, continued to climb according to Fannie Mae.
The Calculated Risk blog reports the results, with a graph that points to nothing but trouble for homeowners, the mortgage delinquency rate having more than doubled over last year, and still going up.
More delinquencies, means more foreclosures, [...]
How are the government encouraged mortgage modifications going? Are mortgage modifications working? What effect is the HAMP program having on foreclosures?
Not so good.
Paperwork problems?
As I hear all the time, only one third of homeowners trying to get HAMP relief have sent back the paperwork to get a mortgage modification.
Of course, what my clients tell me [...]
The House Rules Committee just minutes ago agreed to allow the bankruptcy modification amendment to be considered on the House floor as an amendment to the broader financial services reform bill AS EARLY AS THIS AFTERNOON!!
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