- High Rates of Default Among HAMP Borrowers
Among the various White House initiatives aimed at reducing the devastating numbers of foreclosures that have plagued the United States over the last few years, the Home Affordable Modification Program (HAMP) has been a controversial target of both praise and criticism. According to a recent report by the Office of the Special General for the Troubled Asset Relief Program (SIGTARP), the delinquency and default rates among many of the earliest HAMP recipients are reaching levels of deep concern.
- U.S. Mortgage Delinquency Levels Drop Significantly
Mortgage delinquencies, defaults and foreclosures have been an absolute drag on the United States economy since the bursting of the housing bubble years ago. As the housing market recovers, however, the number of borrowers unable to make payments or hold on to their homes is thankfully diminishing.
- The Many Ways to Be Relieved of Your Timeshare Obligations
While it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. This misconception is perpetuated by timeshare companies and user groups that are funded, maintained and controlled by the timeshare industry.