Archive for January, 2009
Fannie Mae Strikes Deal with Neighborhood Assistance to Stem ForeclosureJanuary 31st, 2009
As the tide of foreclosure continues to wreak havoc to the housing industry, mortgage giant Fannie Mae has decided to bury the hatchet and work with one of its most vocal critics --- … More >>
Obama Adviser Open to the Possibility of More Funds to Help Banks and Reduce ForeclosuresJanuary 29th, 2009
Top economic adviser of President Barack Obama and National Economic Council head Lawrence Summers is open to the possibility that more money will be allocated to bailout financial … More >>
Obama to Prioritize Foreclosure PreventionJanuary 27th, 2009
Newly-installed U.S. President Barack Obama has outlined economic challenges that he and his administration will prioritize in his inaugural address. He also presented several remedies to … More >>
ACORN Disrupts Foreclosed Homes BiddingJanuary 26th, 2009
The Association of Community Organizations for Reform Now (ACORN) was forced to go out of the Jamaica courthouse last Friday for interrupting an auction in More >>
New York City Launches Better Way to Restore Foreclosed HomesJanuary 21st, 2009
New York City Mayor Michael Bloomberg announced he is going to spend the $24 million given by the U.S. Department of Housing and Urban Development to repair foreclosed homes and then resell … More >>
Obama Team Promises to Use Part Of Bailout Fund For Reducing ForeclosuresJanuary 20th, 2009
There has been much anticipation as to whether the second half of the $700 billion bailout fund would be released or not. The Obama administration is looking forward to its first … More >>
U.S. Foreclosures Near the 1 Million Mark in 2008January 19th, 2009
A website foreclosure-tracking service reports that the country reached almost 1 million foreclosures in 2008. The figures show a big increase to 63.5 More >>
Obama Promises To Do A Better Job In Resolving Foreclosure CrisisJanuary 16th, 2009
President-elect Barack Obama promised last Monday that he will perform better than former President George Bush in using bailout funds to help the American population. He gave the statement … More >>
Obama Administration Plans To Dedicate Half of TARP Funds in Addressing Foreclosure CrisisJanuary 16th, 2009
Obama announced last Monday that the second half of the $700 billion bailout fund would be utilized with specific consideration to the foreclosure crisis. Also, he said that his … More >>
Lawmakers Reluctant to Release $350 Billion Foreclosure BailoutJanuary 14th, 2009
Senate Banking Committee Chairman Christopher Dodd recently said that lawmakers were demanding to see more concrete action from government before it approves the release of the remaining … More >>
