Archive for February, 2009
Fannie Mae and Freddie Mac Still on Top of Tax Foreclosure PropertiesFebruary 27th, 2009
Fannie Mae and Freddie Mac went into conservatorship last September 2008 as a government move to stall their collapse. Between these two companies rest the fate of 31 million mortgages … More >>
Obama’s Plan Deemed Unfair to Owners Losing to Tax ForeclosuresFebruary 25th, 2009
Groups of responsible homeowners across the country have expressed outrage at Obama's $75-billion foreclosure plan. They charged that Obama and his advisers are using the tax money of … More >>
Pressure on Lenders to Help Stop ForeclosuresFebruary 20th, 2009
Finally, most of the details of President Barack Obama's foreclosure plan, now called Homeowner Affordability and Stability Plan, have been released. One of the plan's big distinctions from … More >>
Big Roles of Agencies and Firms in Obama’s Foreclosure PlanFebruary 20th, 2009
Much of the success of Obama's $75-billion foreclosure plan, now dubbed Homeowner Affordability and Stability Plan, will depend on the implementation of schemes by government agencies, … More >>
Finally, Details of Obama’s Foreclosure Plan Are OutFebruary 19th, 2009
President Barack Obama's much awaited $75-billion foreclosure program was finally launched in Arizona, which has one of the three highest foreclosure rates in the country in 2008. Obama's … More >>
President Obama Signs $75 Billion Foreclosure BailoutFebruary 18th, 2009
President Obama officially unveiled his $75 billion dollar plan to quell the rising tide of foreclosures and begin to stabilize the country’s precarious housing market. More >>
Obama to Launch Foreclosure Plan in PhoenixFebruary 18th, 2009
President Barack Obama is set to travel to Phoenix, Arizona to launch his foreclosure program. Phoenix was probably chosen because its housing market has been one of the most adversely … More >>
Fed Governor Duke Admonishes BankersFebruary 17th, 2009
In a prepared statement to the American Bankers Association (ABA), Federal Reserve Governor Elizabeth Duke called on banks to act more responsibly to prevent another bank-related crisis in … More >>
The Foreclosure Process: You Can Stop It AnytimeFebruary 16th, 2009
Despite the foreclosure moratorium and mitigation schemes offered by various entities, the foreclosure process is being replicated in cities, towns and counties across the More >>
Prices of US Homes Dipped Due to ForeclosuresFebruary 14th, 2009
Single-family homes have decreased in prices, reaching values that are the lowest in five years. Prices have dropped by around 12 percent, due to the increasing numbers of foreclosures. At … More >>
