As bad as it’s been for home foreclosures during the past two years, 2009 is poised to be much worse, according to a report from the Center for Responsible Lending.
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Archive for January, 2009
No ceiling yet on home losses (The Columbus Dispatch)
Saturday, January 31st, 2009Forbes lists local cities as post-subprime boomtowns (The Temecula Valley News)
Saturday, January 31st, 2009Three southwest Riverside County cities claim the win, place and show positions in a housing horse race they never meant to enter. The three cities ? Murrieta, Temecula and Perris ? respectively finished first, third and fifth in a recent Forbes.com ranking of ?America?s post-subprime boomtowns.? They were among seven California cities that finished in the top 10 of a ranking that seems to offer …
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Big jump in foreclosures expected over 4 years (The Columbus Dispatch)
Saturday, January 31st, 2009As bad as it’s been for home foreclosures during the past two years, 2009 is poised to be much worse, according to a report from the Center for Responsible Lending. The report says U.S. foreclosures will total 2.4 million this year — more than in 2007 and 2008 combined. During the past two years, about 2 million homes went into foreclosure, according to the consumer advocacy group. “The root of …
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Fed Moves to Provide Relief to Distressed Homeowners (Fox News)
Thursday, January 29th, 2009The Federal Reserve has a number of options to provide relief, including lowering the amount the homeowner owes on the mortgage, reducing the interest rate or lengthening the term of the loan.
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Foreclosed Homes Bring Dangers To Neighbors (FOX 5 Las Vegas)
Thursday, January 29th, 2009New numbers from Realty-Trac, a foreclosure listing firm, show Nevada is still at the top of the nation in foreclosures — with almost nine percent of homes facing foreclosure.
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Fed moves to help distressed homeowners (AP via Yahoo! News)
Thursday, January 29th, 2009With foreclosures spiking, the Federal Reserve is taking steps to try to keep some distressed borrowers in their homes.
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Life-threatening illness helps couple get money smart (CNN)
Thursday, January 29th, 2009At age 23 and fresh out of college, Eliot Kohan was diagnosed with an aggressive form of leukemia. He was told he had four months to live.
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Fed moves to help distressed US homeowners (AP via Yahoo! Finance)
Thursday, January 29th, 2009The Federal Reserve is taking steps to keep some distressed borrowers in their homes, but it may not make much of a dent in the U.S.’s housing crisis.
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Fed moves to help distressed homeowners (Boston Herald)
Wednesday, January 28th, 2009WASHINGTON - With U.S. foreclosures spiking, the Federal Reserve is taking steps to try to keep some distressed borrowers in their homes. Under the program, the Fed has…
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Fed moves to help distressed homeowners (Washington Post)
Wednesday, January 28th, 2009WASHINGTON — With foreclosures spiking, the Federal Reserve is taking steps to try to keep some distressed borrowers in their homes.
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