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Archive for the 'foreclosures' category
From the wire:
The two primary government programs offered as solutions for borrowers facing foreclosure are on the verge of being declared busts, acknowledged Steven Preston, secretary of the U.S. Department of Housing and Urban Development.
The FHASecure program announced in August 2007 has only helped about 4,000 borrowers late on payments. Hope for Homeowners has received [...]
11/20/08 |
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It’s quiet, today.
There’s only so much you (meaning, me) can write about foreclosures, subprime lending, and the state of the real estate market.
A couple interesting facts buried in all the minutiae out there.
* While national home sales volume is down from highs seen two-to-three years ago, over 5 million homes will change hands [...]
11/20/08 |
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Barney Frank spoke to an audience at Boston College today, according to the Boston Business Journal.
His main points:
* A newly-elected President Obama should make a priority of pushing financial institutions to lend out the money they’ve taken in as part of the federal economic stimulus package;
* The new president should move quickly to help advance [...]
11/06/08 |
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How do we help people in foreclosure? Or, is the question still, do we help people in foreclosure.
As we enter year three of the subprime lending crisis, experts are beginning to see hard data on what’s going on out there.
From the wire.
Here are five reasons why the foreclosure crisis has proved hard to fix:
Falling [...]
10/30/08 |
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From the wire:
Foreclosure filing were reported on 765,558 U.S. properties during the third quarter, up more than 3 percent from the second quarter and up 71 percent from the third quarter of 2007, according to RealtyTrac, an online foreclosure market …
… Six states accounted for more than 60 percent of U.S. foreclosure activity in [...]
10/23/08 |
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Several days ago, there were a couple articles in the press about a unit at the Ritz-Carlton towers going up for sale due to foreclosure. Much was made of the fact that the owner seemed to be some rich guy and that it seemed this was a case of these uncertain financial times hitting [...]
10/22/08 |
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