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Monthly Archives: June 2011

RICHARD KOO: Get Ready For Two More Years Of Housing Market Nightmare

Posted on June 22, 2011 by project

Gregory White | Jun. 22, 2011, 8:49 AM The U.S. should expect home prices to continue to decline through 2013, and that will have a devastating effect on the balance sheets of consumers, according to Nomura’s Richard Koo. Koo highlights … Continue reading →

Posted in Foreclosure News

Backlog of Cases Gives a Reprieve on Foreclosures

Posted on June 19, 2011 by project

By DAVID STREITFELD Millions of homeowners in distress are getting some unexpected breathing room — lots of it in some places. In New York State, it would take lenders 62 years at their current pace, the longest time frame in … Continue reading →

Posted in Foreclosure News

The Treasury Department Will Withhold Subsidies To The Three Largest Mortage Servicers

Posted on June 12, 2011 by project

Paul Kiel, ProPublica | Jun. 12, 2011, The Obama administration’s mortgage modification program is more than two years old. From the beginning, it’s been apparent that the participating banks and mortgage servicers were breaking the program’s rules. The administration has … Continue reading →

Posted in Foreclosure News, Loan Modification News

Encouraging statistics on foreclosures only masking bad news

Posted on June 1, 2011 by project

The U.S. housing market has been hit hard over and over again since the subprime mortgage bubble burst. Several years later, things have yet to look up. (See: The Housing Market Sucks — And Could Take Years to Correct) Today … Continue reading →

Posted in Foreclosure News
IMPORTANT : PLEASE READ * * * Mortgage Relief Project is a consumer advocacy outreach that provides homeowners with valuable news and resources. We also provide homeowners with access to established and experienced nationwide attorney representation for foreclosure defense, loan modification, and comprehensive mortgage representation. Mortgage Relief Project is a privately sponsored consumer outreach. We do not give legal advice or accept payments from consumers for services. * * * WE ARE NOT A GOVERNMENT AGENCY, OR AFFILIATED WITH ANY GOVERNMENT AGENCY OR PROGRAMS. * * *

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