WASHINGTON — The Obama administration, battling a foreclosure crisis that shows no signs of relenting, will step up pressure on mortgage companies to do more to help people remain in their homes, officials said today. The administration will announce its expanded program on Monday, Treasury spokeswoman Meg Reilly said. “We are taking additional steps to [...]
by Martin Andelman A judge in New York, The Honorable Jeffrey Arlen Spinner, was shown what its like to request a loan modification from IndyMac/One West Bank… and he was not at all impressed. In fact, he was so offended by IndyMac’s attitude and treatment of homeowner Diana Yano-Horoski that he decided the only responsible [...]
By Joseph Gyourko Sunday, November 15, 2009 1. Housing is a great long-term investment. Historically, the value of owner-occupied homes has risen at a fairly low rate, one that pales in comparison with the performance of stocks and bonds. Between 1975 and 2008, the price for houses of comparable quality and size appreciated an average [...]