Using data that tracks home prices through April of 2011, Case-Shiller, reported a slight bump in home values. However, hold off on popping the cork on the champagne. It’s far too early to tell if this reflects a sea change in the housing market or is simply a reflection of the spring/summer buying season.

According to Robert Shiller, an economics professor at Yale University and co-creator of Case-Shiller home price index, he has a “tinge of optimism” but doesn’t believe the crisis is… Continue

Bank of America, J.P. Morgan Chase and Wells Fargo have failed to live up to performance guidelines under HAMP and will be barred from receiving federal financial incentives until they improve.

Closing the coffers to the nation’s largest mortgage servicers is the government’s remedy for big bank’s failure to help struggling homeowners modify their loans. HAMP (Home Affordable Modification Plan) has long been criticized as inept and ineffective but the real problem may be that the program… Continue