August 23, 2012 By Christie J. McCravy We all know that many in our community were affected by the housing crisis. Foreclosures affected households from the West Louisville to Lake Forest. But did you know that there is a federal … Continue reading
By: Stephanie Dhue CNBC Real Estate Producer Published: Thursday, 23 Aug 2012 | 12:00 AM ET The number of homeowners “underwater” on their mortgages fell in the second quarter, according to a new report by the online real estate firm … Continue reading
(Source: By Kimberly Miller, The Palm Beach Post, Fla. (MCT) Florida residents who believe they have been wrongfully foreclosed on have until the end of the year to ask for a free review of their case after a September deadline … Continue reading
The New York Times By: Binyamin Appelbaum Monday, August 20, 2012 WASHINGTON — After inheriting the worst economic downturn since the Great Depression, President Obama poured vast amounts of money into efforts to stabilize the financial system, rescue the auto industry … Continue reading
Tim Mayopoulos Source: Fanniemae.com Tim Mayopoulos Fannie Mae is no longer bleeding cash, at least for now. After devastating losses since 2008, the mortgage giant reported its second straight quarter of positive net income, even after making a $2.9 billion … Continue reading
LOS ANGELES - U.S. homeowners are getting better about keeping up with their mortgage payments, driving the percentage of borrowers who have fallen behind to a three-year low, according to a new report? Still, the rate of decline remains slow, … Continue reading
While there have been a handful of programs designed to help people refinance and take advantage of lower interest rates since the housing downturn, none has been as successful as the Home Affordable Refinance Program, commonly referred to as HARP. … Continue reading
Just when you thought the housing market might be on the mend, news that foreclosure activity is on the rise across the country reopens a painful wound. Almost 60 percent of the nation’s largest metropolitan areas saw increased foreclosure activity … Continue reading
July 31, 2012 The top housing regulator rebuffed the offer of taxpayer funds to reduce mortgages held by struggling homeowners on Tuesday, a blow to the Obama administration which is keen to show voters it can help fix the housing … Continue reading
Housing has never been more affordable, and yet home ownership is still falling and more Americans are renting. The supply of homes for sale is down 24 percent from a year ago, according to the National Association of Realtors, but … Continue reading