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Florida mortgage firm settles federal charges

Florida mortgage firm settles federal charges Updated Jul 29, 2010 06:35PM MDT Washington • Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges. The Federal Trade Commission said Thursday that Home Assure LLC, based in Clearwater, Fla., promised borrowers ...

Borrowers wait for answers on President Obama’s loan plan (Carson Times)

WASHINGTON -- Hundreds of thousands of homeowners are in limbo waiting to find out if they will be accepted for the Obama administration's foreclosure prevention program.

Lawmaker working to improve loan modifications (The Salt Lake Tribune)

Washington » A key lawmaker is working with banks, regulators and the Obama administration on a new way to boost the government's struggling foreclosure prevention effort by encouraging banks to reduce the total amount borrowers owe.

Ore. Senate votes to expand foreclosure relief (KATU Portland)

The Senate voted today in favor of HB 3656, legislation aimed to protect borrowers from being targeted by lenders twice.

U.S. May Retool Mortgage Program to Help Underwater Homeowners (Bloomberg)

Jan. 27 (Bloomberg) -- The Obama administration’s $300 billion Hope for Homeowners program may be retooled to help the growing number of Americans who owe more than their properties are worth as current anti-foreclosure efforts fail to account for these “underwater” borrowers.

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