February 2011

Bankruptcies up again in 2010 for Minnesotans

(Source: By Kara McGuire, Star Tribune, Minneapolis) – More than 22,000 Minnesotans filed for personal bankruptcy in 2010, many worn down by the relentless job and housing markets that have persisted in the economic recovery. It is the fourth straight [...]


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One in Five HAMPs Delinquent Again‎

(Source: NASDAQ) – Nearly 20 percent of all homeowners who received permanent mortgage loan modifications through HAMP one year ago have fallen behind on their payments again, according to the latest figures from the Treasury Department. Over 15 percent were [...]


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Mortgage modification trend improves in December

(Reuters) – The Obama administration’s main housing rescue program showed further signs of stabilization in December as those receiving permanent mortgage modifications during the month outnumbered those dropped from the program.


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Debt collection industry’s methods draw scrutiny

(Source: By Tom Shean, The Virginian-Pilot, Norfolk, Va.) – “Dawn of a Zombie Robo-Signer” read the headline in a recent Wall Street Journal article. The story cast a harsh light on Portfolio Recovery Associates for its reliance on sworn statements [...]


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