HAMP FALLING SHORT OF HELPING TO SLOW FORECLOSURE CRISIS

Elena Kagan Kagan’s appointment there was a highly partisan affair, but this time with sufficient votes to confirm her to that office. In 2010, Barack Obama nominated her to the US Supreme Court to replace John Paul Stevens , then retiring having spent 35 years on the court.

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HAMP FALLING SHORT OF HELPING TO SLOW FORECLOSURE CRISIS America’s foreclosure crisis isn’t over. For borrowers who first sought mortgage relief under HAMP when the program was launched in 2009, the redefault rate is nearly 53 percent. Overall, more than a third of people who have participated in the program over its lifetime have redefaulted.

HAMP FALLING SHORT OF HELPING TO SLOW FORECLOSURE CRISIS Despite predictions by Obama’s advisers that the housing market would rebound by now, real estate prices are falling once. Department’s foreclosure prevention initiative called the Home Affordable.

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That was the assessment Thursday of two reports from government watchdogs and a panel of witnesses at a congressional hearing trying to find out why the Obama administration is falling far short of.

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HAMP FALLING SHORT OF HELPING TO SLOW FORECLOSURE CRISIS The Fed’s gambit didn’t trigger a home-price recovery, but research shows it reduced subprime foreclosure risk. By the time the Federal Reserve stepped in with its initial quantitative easing (qe) fire hose in late 2008, home prices were already down more than 25 percent from their peak, the S&P 500 stock index had shed more than 40 percent.