Foreclosure Review May Bring Light at End of Tunnel

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

‘Underwater’ Mortgages Decline, but Housing Is Still Hurting

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

Third Extension Granted for Free Foreclosure Review as Few Florida Homeowners Apply

(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

Cautious Moves on Foreclosures Haunting Obama

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

Fannie Mae’s New CEO: ‘Comfortable’ With Decision Not to Slash Mortgage Balances

Tim Mayopoulos Source: 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