Archive for May, 2009
Obama Expands Foreclosed Homes Auction Mitigation ProgramMay 15th, 2009
The administration of President Obama has announced additional schemes to help troubled homeowners who do not qualify under the Making Home Affordable program. The schemes will expand the … More >>
Citigroup Uses $45 Billion to Cut Down Foreclosures HousesMay 15th, 2009
Citigroup, one of the country's largest banks, has increased its lending programs for state governments, municipalities, educational institutions and nonprofit hospitals so that they … More >>
Slight Drop in Prices of New, Existing, Foreclosed HousesMay 14th, 2009
A house price report by the Integrated Asset Services (IAS) showed that falling prices of new, existing and foreclose houses in the country slowed down in March. IAS' benchmark index … More >>
Increase in Foreclose Homes Expected If Ritter Signs BillMay 13th, 2009
A three-month drop in the number of foreclose homes in Colorado is expected to come to an end now that the Legislature has approved the House Bill 1276 and Governor Bill Ritter is planning … More >>
Settlement Hopes to Reduce Bank Foreclosed Homes for SaleMay 13th, 2009
In an unprecedented move, investment banking giant Goldman Sachs Group and Massachusetts Attorney General Martha Coakley have reached a settlement amounting to $60 million, a move that is … More >>
Higher Appraisal Fees, Including Forclosure for SaleMay 13th, 2009
Mortgage brokers and appraisers have been opposing the mandatory new real estate appraisal code launched by Fannie Mae and Freddie Mac. They said that the new appraisal system will … More >>
Rise in the Number of Homes in Chicago Foreclosure ListMay 12th, 2009
The foreclosure list in Chicago, Illinois is registering a dramatic increase in the number of houses in the first quarter of 2009. And this time, subprime mortgage has nothing to do with … More >>
Funding to Help Kentucky Buyers of Foreclosure HousesMay 12th, 2009
The city of Bowling Green has been presented with over $2 million in federal funds by Kentucky Governor Steve Beshear. The money was presented to Bowling Green's Housing Authority to … More >>
Fannie Mae Lost $23.2 Billion Due to Foclosure HomesMay 11th, 2009
Fannie Mae, one of the two government-controlled mortgage finance firms, has lost $23.2 billion in the first quarter because of large numbers of forclosure homes that it had to cover. More >>
Lawyers Push Up Numbers of Forclosure Homes For SaleMay 11th, 2009
A rising number of lawyers in Florida have been giving false statements to judges in court to facilitate the conversion of delinquent properties into forclosure homes for sale. They have … More >>
