Treasury Department Releases Progress Report on Making Home Affordable Program – August 5, 2009

Making Home Affordable Program on Pace to Offer Help to Millions of Homeowners

Public Release of Data Provides Transparency on Servicer Performance

WASHINGTON – Today, the Obama Administration released its first monthly Servicer Performance Report detailing the progress to date of the Making Home Affordable (MHA) loan modification program.  The purpose of the report is to document the number of struggling homeowners already helped under the program, provide information on servicer performance and expand transparency around the initiative.

Click here to read the full press release

Massachusetts Foreclosures Climb in July (Banker & Tradesman) – August 19, 2009

Foreclosures in Massachusetts increased almost 9 percent in July from the prior month but dropped 38 percent from the same month last year, according to a new report from The Warren Group, publisher of Banker & Tradesman. At the same time, the number of foreclosures initiated by lenders rose from the prior year and has approached historic highs.

Please click here for the full article.