From the monthly archives:
The Senate is scheduled to take on the economic stimulus program which includes the foreclosure prevention and the confirmation of Timothy Geithner as secretary of the Department of Treasury.
Continue Reading: Treasury Nominee Geithner to Oversee Bailout Program Including Foreclosure Prevention
As the country sees itself continually dip lower amid the economic slowdown, many Americans ask how such a catastrophe could happen to a powerful and strong nation such as ours.
Continue Reading: Foreclosures Seen as One of the Main Reasons Behind the Economic Crisis
With fear of losing their homes from repossession, potential homebuyers hold their horses. This piles-up more newly-built homes, depressing the home construction industry.
Continue Reading: Foreclosure and the Economic Crisis Brings Pessimism to Homebuilders
Thirty-four year-old Nicole Lyder, a mortgage broker in Boston, was sentenced by a Suffolk County judge to two years of imprisonment after she pleaded guilty to charges of falsifying mortgage papers for unqualified clients in order to get sales commissions. These clients eventually went into foreclosure as their income never really qualified for the loans that Lyder got for them.
Continue Reading: Broker Sentenced for Fraud That Caused Some Foreclosures
In an effort to help prevent more foreclosures, the Federal Housing Finance Agency (FHFA), the overseer of the government-controlled Freddie Mac and Fannie Mae recently announced that a new Home Valuation Code of Conduct will take affect this coming May. The new plan was created to ensure the correctness of home appraisals of mortgages from both companies and to curb mortgage fraud. According to policy makers, overvalued homes have been one of the leading causes of foreclosures.
Continue Reading: FHFA Announces New Plan to Combat Foreclosures due to Inflated Appraisals
The past year saw erratic mortgage rates, reflecting the country’s national housing crisis and foreclosure problem.
Continue Reading: A Year for Foreclosures: The 2008 Mortgage Rates Review
Efforts by FDIC Chairman Sheila C. Bair to persuade President George Bush’s administration to help homeowners in danger of foreclosure are finally getting results. Bair’s loan modification plan is said to be nearing approval at the White House of Management and Budget.
Continue Reading: FDIC’s Bair Readies Foreclosure Rescue Plan
You are currently browsing the Foreclosures Blog – Foreclosure Listings Nationwide weblog archives for January, 2009.