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Fallout from the collapse of the U.S. housing market is ongoing, and consumers are only now beginning to learn the effectiveness of various mortgage modification strategies that they used after…
Veterans and active duty service members of the U.S. military and their families are struggling as much as everyone else in America with substantial financial problems in the wake of…
It came down to the wire, but Congress finally voted to help out millions of current and former college students who have accumulated up to $1 trillion in student loans.…
Sources:
- McBride, B. (2011, February 2). Lawler: How Many Folks Have “Lost Their Homes” to Foreclosure/Short Sales/DILs? Retrieved June 27, 2012, from http://www.calculatedriskblog.com/2011/02/lawler-how-many-folks-have-lost-their.html
- Quijano, E. (2012, June 21). Mortgage Modifications a Savior for Some, but 60 Percent Fall Behind Again. Retrieved June 27, 2012, from http://www.cbsnews.com/8301-18563_162-57458429/mortgage-modifications-a-savior-for-some-but-60-percent-fall-behind-again/
- Kavoussi, B. (2012, June 22). Mortgage Modification Defaults Occur For 6 In 10 Borrowers, Study Says. Retrieved June 27, 2012, from http://www.huffingtonpost.com/2012/06/22/mortgage-modification-default_n_1618877.html
- TransUnion LLC. (2012, June 21). Consumers With Mortgage Mods Outperform Those Without on New Loans, Despite 60% of Mods Going Delinquent Within 18 Months. Retrieved June 27, 2012, from http://newsroom.transunion.com/press-releases/transunion-consumers-with-mortgage-mods-outperfor-0901679
- Waldron, T. (2012, June 22). Study: Mortgage-Debt Forgiveness Is Most Effective Step For Reducing Foreclosures. Retrieved June 27, 2012, from http://thinkprogress.org/economy/2012/06/22/504592/study-mortgage-debt-forgiveness/?mobile=nc
- Dayen, D. (2012, June 22). Study Shows that Principal Reduction Works for Homeowners. Retrieved June 27, 2012, from http://news.firedoglake.com/2012/06/22/study-shows-that-principal-reduction-works-for-homeowners/
- Barringer, T. (2012, June 15). FHFA: Foreclosure Prevention Actions=2.3M, Foreclosure Starts Up. Retrieved June 27, 2012, from http://www.dsnews.com/articles/fhfa-mortgage-performance-improves-with-gse-mods-2012-06-15
- Federal Housing Finance Agency. (2012, June 8). Foreclosure Prevention Report- First Quarter 2012. Retrieved June 27, 2012, from http://www.fhfa.gov/webfiles/24011/1q12_fpr061512.pdf
- Chrisite, L. (2012, June 22). Mortgage-Debt Forgiveness Preventing Foreclosures. CNN.