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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
Fear, Rumors Pummel Europe Bank Shares
Wall Street Journal 08.11.2011
U.S., Banks Agree on Foreclosure Pact
Wall Street Journal 02.09.2012
States Negotiate $26 Billion Agreement for Homeowners
New York Times 02.08.2012
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
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