Tag Archives: Michael Barr

Mortgage Fix Failing at ‘Alarming Rate’

A new report from Special Inspector General for the Troubled Asset Relief Program points to disturbing numbers, but offers no reason for the high rates. Treasury’s data shows that the longer a homeowner remains in HAMP, the more likely he … Continue reading

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US Treasury Forcing Mortgage Principal Forgiveness

Late Friday the U.S. Treasury Department announced a major expansion of its Home Affordable Modification Program (HAMP). The three-year-old program has been largely deemed unsuccessful, as it has provided just about 750,000 borrowers with permanent loan modifications. The initial expectation … Continue reading

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The Debt Crisis and Mortgage Rates

If you’re not talking about the head of the IMF today, then the only thing left really is the debt ceiling, which we officially reached today ($14.294 trillion for anyone who’s counting). While estimates are that it will take until … Continue reading

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