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Bank of America Tests Rental Program as Alternative to Foreclosure
Keywords:
Bank of America's alternative programs including rental for homes facing foreclosure
03/22/2012
Grouped Articles
Bank of America Tests Rental Program as Alternative to Foreclosure
New York Times 03/22/2012
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Forgiveness of Debt Could Yield Savings
Wall Street Journal 07/30/2012
Mortgage workouts- the untried solution to the crisis in housing markets in the U.S.
12/17/2010
The comparison with Spain. Similiar bubble in the housing markets in Spain, but a different approach by its banks which have a system in place for routinely and extensively modifying loans. This is mitigating the impact of the housing crisis and reducing losses in Spain.
Grouped Articles
Spain's Banks Boost Books by Refinancing Loans to Homeowners
Wall Street Journal 11/07/2013
States Try to Force Mortgage Workouts
Wall Street Journal 12/31/2010
Wall Street Journal 12/17/2010
Mortgage Modification Overhaul Sought by State Attorneys General
New York Times 03/04/2011
Mortgage Practices Overhaul Proposed
Wall Street Journal 03/05/2011
Fear, Rumors Pummel Europe Bank Shares
Wall Street Journal 08/11/2011
State foreclosure mediation programs in the U.S. for mortgage workouts in 2010-2011
06/16/2010
Loan modification is being achieved in states that mandate foreclosure mediation with a 3rd party mediator. States doing this successfully include New York and Connecticut. Spain has mitigated the impact of its housing crisis through extensive system of mortgage workouts that are benefiting both the banks, the homeowners, and the economy. In the US the banking industry has failed to take the lead in this area and the US government has failed to take effective action. Roubini predicts large housing losses in the US in 2011.
Grouped Articles
Spain's Banks Boost Books by Refinancing Loans to Homeowners
Wall Street Journal 11/07/2013
High Default Rate Seen for Modified Mortgages
Wall Street Journal 06/16/2010
States Try to Force Mortgage Workouts
Wall Street Journal 12/31/2010
Only 1 in 4 Got Mortgage Relief
Wall Street Journal 02/28/2011
Mortgage Modification Overhaul Sought by State Attorneys General
New York Times 03/04/2011
Attorneys General May Be Rushing Proposal for Loan Servicers
New York Times 03/12/2011
Spain and default on residential mortgages
02/25/2010
The housing market and banks in Spain, and the extensive system of mortgage modification in place to mitigate housing losses.
Grouped Articles
The Pain in Spain Falls Mainly on the Cajas
BusinessWeek 02/25/2010
Spain's Banks Boost Books by Refinancing Loans to Homeowners
Wall Street Journal 11/07/2013
Leading the Charge Against Spainâs Mortgage Crisis
New York Times 12/20/2013
Spain Still Suffering Fallout From Housing Bust
Wall Street Journal 05/28/2014
Tumbling Interest Rates in Europe Leaves Some Banks Owing Money on Loans to Borrowers
Wall Street Journal 04/14/2015
Wall Street Journal 12/17/2010
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