Obama Administration, Foreclosure | featured news

With each passing month, the foreclosure crisis continues to slowly burn. The Obama Administration keeps splashing water on it—massive remodifications, mortgage settlement cash, rental programs—hoping something will stick. On Friday, here at the Clinton Global Initiative, in Chicago, HUD Secretary Shaun Donovan and FHA Commissioner Carol Galante announced yet another: a program to pool together mortgage loans on the brink of default, and save them.

The Obama administration is considering unveiling new plans next week to revive the ailing housing market and reduce foreclosures, including an effort to help troubled borrowers refinance their mortgages.

After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says.

The Obama administration’s effort to help homeowners avoid foreclosure may not achieve its goal of helping 3 million to 4 million borrowers, a government watchdog group says.

The Obama administration is expected to expand its mortgage aid program on Thursday, announcing new measures that would help ...