House delays vote on mortgage 'cram-down' measure
Los Angeles Times, CA
Industry groups including the American Bankers Assn. and the Mortgage Bankers Assn. are fighting the legislation, which would allow Bankruptcy Courts to lengthen loan terms, reduce interest rates and cut principal payments on a borrower's primary …
Mortgage Bankruptcy Vote Delay BankInvestmentConsultant.com
Dem spat delays mortgage relief bill in House The Associated Press
FACTBOX: US housing bill casts bankruptcy as housing relief Reuters
Investor’s Business Daily (subscription) - Personal Money Store Financial News Blog
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Mortgage Insurance: Harder to Get
New York Times, United States
(The average PMI rates are about 0.6 percent of the loan amount on a basic loan with 10 percent down.) But increases would apply only to new loans, because mortgage insurance companies evaluate a borrower’s default risk only once — at the time of an …

Low Mortgage Rates a Mirage as Fees Climb, Eligibility Tightens
Bloomberg
Another strain on consumers is a planned increase by Fannie Mae of add-on fees called loan-level price adjustments, which lenders often pass on to borrowers. Someone with a 699 FICO score borrowing 80 percent of the value of a home used to pay 1 …

Obama’s two-step housing proposal a good start
Atlanta Journal Constitution,  USA
It simply allows the responsible homeowner to act as he would have done if falling home values had not trapped him in his existing bad loan. The mortgage industry expects borrowers to refinance when rates drop, and it should have offered this option by …
Fannie taps lifeline after $59B in losses CNNMoney.com
Obama's big plan - will it work? Chicago Sun-Times
Will new housing aid plan help me? San Gabriel Valley Tribune
Payson Roundup - The Associated Press
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Don’t Let Judges Fix Loans
New York Times, United States
It would help, for instance, to change regulations to let loan administrators modify mortgages without fear of liability from the mortgage’s ultimate holders. What won’t help, however, would be to put bankruptcy judges in the business of reworking bad …
House Delays Vote on Modification of Delinquent Mortgages Washington Post
Dem spat delays mortgage relief bill in House The Associated Press
Loan Cramdown Plan Could Be Scaled Back Investor’s Business Daily (subscription)
Reuters - Personal Money Store Financial News Blog
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Mortgage borrowers face restrictions on income multiples and …
Telegraph.co.uk, United Kingdom
There were arguments against regulations based on loan-to-value ratios, he added. "Some people will say: is it not better for somebody to have a 100pc loan-to-value mortgage than for them to get a 90pc loan-to-value mortgage and then get the other 10pc …

Why not just reduce borrowers' debt?
Los Angeles Times, CA
When a family's house is more valuable than its loan balance, default is all but impossible because in the event that the borrower has trouble making payments, the home can be sold and the mortgage can be paid off. But for underwater families, …

Fannie taps lifeline after $59B in losses
CNNMoney.com
And they will contribute more than $20 billion toward subsidizing interest rates to lower the monthly payments for borrowers on the verge of or already in default. Fannie Mae, which unveiled with Freddie Mac their own streamlined loan modification …
Can Homeowners Afford Obama's Plan? Forbes
HUD secretary, Congress debate foreclosure plans The Associated Press
The Stimulus Plan Starts To Unfold! Five Towns Jewish Times Online
Mortgage Foundation - GoErie.com
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Fannie, Freddie Should Relax Loan-Modification Rules, FHFA Says
Bloomberg
24 (Bloomberg) — Fannie Mae and Freddie Mac need to relax rules for a loan-modification program that promised to cut mortgage interest rates and lengthen terms for troubled borrowers, the chief economist for the companies’ regulator said. …
Hardest Hit Markets Unlikely to Get Relief From Obama Rescue Wall Street Journal Blogs
Jumbo loan defaults rise at fast pace as rich come up short Finance and Commerce
My Turn: Obama's bold plan for foreclosure crisis Camp Verde Bugle
Financial-Planning.com - Los Angeles Times
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FHA Eyes Regulatory Changes To Aid Homeowners
CNNMoney.com
The bank will also offer pre-approved modifications for certain borrowers with loans backed by Fannie Mae (FNM) or Freddie Mac (FRE) who meet the criteria of the mortgage giants' Streamlined Modification Program. Bank of America completed 230000 loan …
Home loan relief plans could help unemployed Credit.com News
FHA Refinance Specialist Residential Finance Corp. Explains How … Business Wire (press release)
FHA Loan Limits Temporarily Raised To $730K In Some Areas EasyBourse.com
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