Keyword: mortgage
Refinancing Falls by the Wayside
Homeowners Come Up Empty in Bailout
By Mary Kane,
The Washington IndependentOctober 8, 2008For people facing foreclosure — and for the housing and community development groups trying to help them — there’s been little to cheer about lately.
New York passes new protections for tenants in foreclosure
Stop Evictions Foreclosure
The New York Legislature did pass a set of comprehensive amendments to various provisions of the foreclosure laws and procedures. The new foreclosure law, in addition to extending the availability of settlement conferences for homeowners to all home loans (not just the subprime loans covered last year), includes some key tenant-related provisions:
USA, New wave of foreclosures threatens market
Up to 7 million homes are potentially eligible but haven’t been repossessed (Paul Sancya / AP file)
While banks repossessed fewer homes in February than a month earlier, borrowers continued to fall behind on their payments, adding to the inventory of properties headed toward foreclosure that have yet to be put on the market, according to RealtyTrac.
US Anti-Foreclosure Programs Not Enough - Watchdog
Government programs to fight the U.S. home foreclosure crisis look increasingly inadequate and should be expanded, a congressional watchdog said in a report. With a foreclosure filing occurring every 13 seconds, the US is mired in a housing slump that is destroying billions of dollars in property values and threatening to choke off the economy's recovery from a stubborn recession.