Archive for November, 2008
New Federal Plan Aims to Rework Fannie and Freddie LoansNovember 21st, 2008
After several months of waiting, beleaguered homeowners with loans guaranteed by mortgage giants Fannie Mae and Freddie Mac will receive assistance from the federal government. The Federal … More >>
FDIC’s Bair Intensifies Federal Effort to Abate Foreclosure ProblemNovember 20th, 2008
Federal Deposit Insurance Corp. (FDIC) Chairman Sheila Bair has proposed a program directed towards delinquent homeowners to help them avoid foreclosure More >>
Increase in Foreclosures Affecting Homeowners AssociationsNovember 20th, 2008
Homeowners associations (HOA's) are reeling from the impact that foreclosures have brought to their communities and neighborhoods. With the number of abandoned homes increasing in towns and … More >>
US Foreclosures Rates Rise While California Numbers Go DownNovember 18th, 2008
Foreclosure rates in the country continue its double-digit rise as compared to statistics from the previous year. One out of 452 homes in the U.S. received a foreclosures notice last … More >>
U.S. Government Aid for Homeowners Facing ForeclosureNovember 17th, 2008
According to sources in Washington, the United States government has proposed a plan to help homeowners facing foreclosures. Federal officials announced the plan last Tuesday as giants in … More >>
Florida County Set to Fill Up Empty Foreclosure HomesNovember 14th, 2008
Florida, also swept under the same financial crisis wave that is rolling across the country, had to deal with several foreclosed homes in most of its counties. Florida foreclosures continue … More >>
Nassau County’s Tom Suozzi Launches Foreclosure Task ForceNovember 13th, 2008
At a symposium held by Long Island Housing Partnership, County Executive Suozzi spoke on the foreclosure crisis and urged mortgage companies to enforce a 90-day moratorium on foreclosures. … More >>
Maryland Governor Expands Foreclosure InitiativeNovember 12th, 2008
Governor O'Malley has extended a foreclosure program he launched in June 2007 to help homeowners keep their homes and control the soaring number of foreclosed properties across the state. More >>
Foreclosures and Unemployment Caused McCain’s Loss in FloridaNovember 11th, 2008
For every one percent of foreclosed homes in Florida in September 2008, Barack Obama took away 16 percentage points from McCain. For every one percent of unemployed Floridians, Obama took … More >>
Time Running out on Bailout Plan for Nevada ForeclosuresNovember 10th, 2008
Time is running out for 2.2% of Nevada's homeowners who are in peril of losing homes to foreclosures. This equates to several thousands of possible foreclosure homes with ongoing eviction … More >>
