by Jason MacDowell on July 27, 2009
by Elizabeth Rush on July 24, 2009
Last March, the Obama Administration, in its effort to provide relief to troubled homeowners and reduce the number of homes in foreclosed homes listings, launched a housing program that targets as many as 4 million of these distressed borrowers. The said program involved as much as $50 billion in funds, given to mortgage lenders as financial incentives to encourage them to modify the loans of struggling borrowers.
Continue Reading: Goal to Reduce Foreclosed Homes Listings Could Fall Short
by Elizabeth Rush on July 24, 2009
California's foreclosed homes listing incurred 45,667 properties in the second quarter of this year while 124,564 households in the state received notices of
Continue Reading: California Tops Foreclosed Homes Listing
by Jason MacDowell on July 24, 2009
by Elizabeth Rush on July 23, 2009
by Paul McCain on July 23, 2009
by William Dover on July 20, 2009
by William Dover on July 20, 2009
National Economic Council Director Lawrence Summers admonished banks that received federal aid for failing to do their best to contain the number of properties on foreclosure list. He said that financial institutions should know that the revenues they are earning are part of the Obama Administration’s commitment to help the country’s financial system.
Continue Reading: Banks Urged to Help Contain Foreclosure List
by Elizabeth Rush on July 20, 2009
by Elizabeth Rush on July 20, 2009