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$34 Million HUD Grant to Alleviate Colorado Foreclosures
Colorado Governor Bill Ritter has received a $34 million federal grant under the Housing and Economic Recovery Act of 2008 to help abate the flood of foreclosures in the state.
New York City Launches Better Way to Restore Foreclosed Homes
New York City Mayor Michael Bloomberg has announced the city's program of repairing foreclosed homes and then reselling them under the Neighborhood Stabilization Program.
SB 1137 Caused California to Set Foreclosure Records this 2008 | Foreclosure News
California lost around 250,000 homes to foreclosure last year, breaking 2007’s record. With the continued crisis, how many more homes will be repossessed? How many more records will be broken?
Bankruptcy Reform Not a Solution to Foreclosures, Baclays Says
The bankruptcy reform proposal in Congress that empowers judges to order mortgage loan modification is not a good solution to the foreclosure problem, says a Barclays Capital analyst.
Adjust Existing Loan To Stop Foreclosures
Lenders and some agencies are now taking part to help stop foreclosure. Borrowers must do their part in return as well.
Congress Gears Up Two Foreclosure Prevention Bills
Congress has been preparing two foreclosure prevention bills that would be presented to Barack Obama as soon as he starts working as president in the last weeks of January.
FHFA Announces New Plan to Combat Foreclosures due to Inflated Appraisals
The Federal Housing Finance Agency says that a new plan to curb mortgage fraud and help stem foreclosures will be put into effect this May.
Economists Predict Rising Inflation; Housing and Foreclosure Crisis Continues in 2009
Economic analysts expect a 1.5 percent decrease in the country’s economic growth this year. With rising inflation and unemployment, the housing crisis and foreclosure problem is expected to continue.
Deed in Lieu of Foreclosure: Sure-fire Way to Stop Foreclosure
Distressed homeowners need not waste their time worrying about their mortgage problems. They can stop foreclosure through the deed-in-lieu process.
Democrats want $100 B to go to Foreclosure Aid; Republicans Say Money Stays Put
Democrats and Republicans have opposing views on whether to release the remaining $350 billion of the Troubled Asset Relief Program (TARP) allocated for foreclosure prevention.
Massachusetts Foreclosures up 70% in 2007
- Despite a drop during the month of November, Massachusetts foreclosures on the whole were on the rise in 2007, surging roughly 70% above their 2006 levels at the end of the year. - max1987yo on 2008-02-01
A Slumping Real Estate Market Leads to a Slumping Economy
- It’s no secret that the real estate market in the United States has been headed downhill for quite some time. While the problem can’t be pinned on any specific event or person in the past, it is easy to decipher how the housing bubble expanded and then collapsed again so quickly during the past ten years. - max1987yo on 2008-01-31
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