Mortgage Modification Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

this case are no longer able to speak publicly about any of this. the information we've been getting is going to slow to more of a trickle as the hearings go on. people here got a bit of a surprise when christian bale, the actor who plays batman showed up here. it was a surprise to just about everybody. he visited patients in the hospital at the bedside. after that he came to this make shift memorial here and joined a prayer circle and prayed with people. it was all unannounced, they had no cameras with him and didn't want media coverage. our affiliate happened to be there and caught...

International conspiracy, it was spend an e-mail to the bank of gland and have a meeting among regulators. you didn't see that rage. incorporated into the bailout probably was this libor rate, thereby sending the message to the market, here are we the government putting our imprimatur on this rate. and sending the message nothing to worry about here. this is when the banks started using homeowners in the mortgage modification program. it wasn't to bring the banks in and saying you have to stop this action. it was excuse not to pun ush them for running rough shod over the american people that -...

Where the servicer said, here's what we're proposing as a modification of your mortgage. tim complied with that for a period of i think about two years. tim, correct me if i'm a little off there. but essentially then they said, well, it wasn't really a modification. we're sorry but we're foreclosing because you can't make the full payments that were required in the original mortgage. this story is repeated time and time again, where the mortgage modification program intended to help americans stay in their home, has been used as an instrument that in fact has misled consumers, misled them into...

Home buyers, fannie and freddy, fha guarantee, the mortgage modification program, this cost $500 billion, these programs, and they don't look like they've gotten us anywhere. >> they are probably more of a curse than a blessing if you look at all the programs. what we did was we prevented the housing market from hitting bottom. you have to bit the -- hit the bottom before you come out of it. we delayed that. a good example is the $8000 new home buyer tax credit, that helped kind of prop up market while it was in effect but the beginning of this year, it went out, the credit was gone and all of...

Impact session of the "huffington post" check out their reporting reasons toy department's response to the crisis, the failed mortgage modification program known as hamp. that tomorrow morning on the "huffington post" and the brad miller podcast on dylan ratigan.com. tomorrow we'll talk to a senator about his fight to reform the failing mortgage modification program that may be baiting more people into default than it's helping. coming up on "hardball" chris matthews with much more on the obama administration's response obama administration's response to the crisis in egypt. journalists and eg...