Feds should do more to help underwater borrowers: Moody’s

A no-fuss way to help homeowners avoid foreclosure. But unlike HAMP, which has been around for more than four years, the new program allows borrowers to qualify for mortgage relief without submitting piles of financial and other paperwork or proving a hardship. In principle, participants don’t have to do anything to qualify.

Housing Recovery is Spelled R-E-O But in the end, the real key to resolving the problems that yet remain in housing is likely to come back to an old standby: REO property sales. Yes, really.. Housing Recovery is Spelled R-E-O.

The president’s new mortgage-relief plan contains clever elements that might indeed help homeowners. However, the superfluous threat of inviting judges to rewrite contracts must dilute the collateral

And when the economy stalled, it was the federal government that swept in promising a recovery through programs to help underwater. do.” rep. joe heck, R-Nev., the only Republican to vote to.

 · The new effort is designed to help two groups: Borrowers who owe more on their loans than their houses are worth. More than 15 million homeowners fall into this category, according to Moody.

The Federal Housing Finance Agency (FHFA), along with Fannie. "The mortgage industry welcomes these changes designed to help more underwater borrowers who are current on their mortgages refinance.

So far, only 15 loans have been modified under the main government program to help underwater borrowers. That program, run by the Federal. should take a long-term view. “Fannie and Freddie and the.

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Barbara Boxer (D-Calif.) and Johnny Isakson (R-Ga.) are teaming up on the measure that would require Fannie Mae and Freddie Mac to remove barriers and fees for their borrowers who are underwater.

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The housing market is improving, but the government still needs to do more for struggling borrowers, the nation’s housing chief said Friday in Fort Lauderdale. "There are too many homeowners who.

Furthermore, the problem of underwater borrowers is not evenly distributed across the nation but rather concentrated among a few states. As shown in Table 1, more than 50 percent of the Enterprises’ underwater borrowers are located in five states, and more than 70 percent of the Enterprises’ underwater borrowers are located in ten states.

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Underwater homeowners feeling stuck. of the biggest real-estate markets – were underwater more than 50 percent.. federal government should set aside funds to help more borrowers refinance.

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Feds should do more to help underwater borrowers: Moody’s An earned mortgage seems well suited for homeowners who are deeply underwater but fighting hard to keep their homes. An estimated 6.5 million homeowners are underwater more. do a lot to prevent. Top 10 turnaround housing markets By Amy Hoak.