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TUESDAY APRIL 17
IMF notes programs failures of US foreclosure Fending off home foreclosure: a playbook There are many actions borrowers can take before facing foreclosure. Many find solutions to their difficult situations by short-selling their homes or simply walking away, an option the Obama administration's Making Home Affordable program makes slightly easier by paying $3,000 to borrowers for relocation costs. Those looking to avoid foreclosure have ample and growing resources, including.

2012

The Obama administration's struggle to stem the U.S. foreclosure crisis illustrates how high household debt can slow recovery from a deep recession, according to the International Monetary Fund. The global lending organization cited the failure of the administration's signature foreclosureprevention program in a report it released Tuesday on household debt. Fair housing group files foreclosure maintenance complaint against Wells Fargo The National Fair Housing Alliance said Tuesday that it has filed a federal housing discrimination complaint against Wells Fargo, alleging that the bank is doing a better job maintaining foreclosed homes in white neighborhoods than foreclosures in minority neighborhoods. America is basically run by dead people America is mired in a tarpit of accumulated law. Reformers propose new laws to fix health care, schools, and the regulatory system, but almost never suggest cleaning out the legal swamp these institutions operate in. These complex legal tangles not only set goals but allocate resources and dictate the minutest details of how to meet those goals. Most are obsolete in whole or part. Investigation peers into foreclosure problem depths Now-settled mortgage servicing violations permeated every step of the foreclosure process and were monitored by top executives across the entire industry, according to findings released by theDepartment of Housing and Urban Development Inspector General. The $25 billion settlement filed in court Monday concluded negotiations between state.

New Rules Aim To Help Borrowers Avoid Foreclosure The federal government proposed new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate accounting of their monthly mortgage payments. Congress mandated changes in the rules covering the mortgage servicing industry in the wake of the 2008 financial crisis. Vampire Squids, Transparent Tanks The financial turmoil of recent years has produced an outpouring of op-eds, news stories, books and essays seeking to document and analyze the unfolding disaster. Some of the material has been written by insiders, some by those from the outside. Some by experts, some by astonished laypeople. It's a mass of material which can, remarkably, be summarized in just two teenage acronyms: OMG and WTF. Freddie Mac Faulted With FHFA on Loan Servicers Oversight Freddie Mac and its regulator, the Federal Housing Finance Agency, need to do a better job supervising financial institutions servicing the companys loans, according to the FHFA Office of Inspector General. FHFA hasnt implemented regulations governing servicer oversight or paid enough attention to abuses uncovered by other federal regulators.