WSJ: Five Key Housing Issues
Nick Timiraos at the WSJ writes: Five Key Housing Issues to Watch in 2010
Here is his list:
Loan Modifications: Key Numbers not Released
From Reuters: Treasury says 650,000 in trial home loan workouts
[The Treasury Department] said there were 650,994 active trial modifications through October under President Barack Obama’s plan to help the housing market. That was up from 487,081 … participating through September.
The…
Citi Conference Call Comments on Impact of HAMP
These comments show how important HAMP is to the housing market. The key points are 1) Loans in trial modifications are included in the delinquency rates (as we’ve discussed), and 2) we are completely in the dark on how the…
JPMorgan Proposes More ‘Extend and Pretend’ for Mortgage Modifications
From an article by Jody Shenn and Dawn Kopecki on Bloomberg: JPMorgan Pitches Interest-Only Mortgages to Boost Obama Plan
Banks will push the Obama administration to expand its mortgage-modification program to allow interest-only periods on reworked loans … while recognizing concern…