(TheNicheReport.com) The financial instruments that brought down Wall Street in 2008 and triggered periods of economic recession around the world are once again capturing the interest of investors. Mortgage bonds backed by subprime home loans were once labeled as toxic assets in the portfolios of investors, but according to a recent report appearing on the [...]
(By Cora Currier / ProPublica) Answers to homeowners’ questions about the Independent Foreclosure Review. The administration’s website for the foreclosure prevention program. Provides an FAQ, homeowner examples, and other tools to see whether you might qualify for the program. A list of HUD-approved housing counseling agencies nationwide. Tips for homeowners from the Federal Trade Commission. [...]
To cut or not to cut principal balances, GSE’s stuck between a rock and a hard place. In the wake of the announcement of the $25 billion settlement between state attorney generals and the five major mortgage lending banks in the United States, government-sponsored enterprises Fannie Mae and Freddie Mac have indicated that they [...]
“As the leading advocate for housing and homeownership, NAR is strongly opposed to elements of President Obama’s budget proposal that would limit itemized deductions, including the mortgage interest deduction, for thousands of families. “NAR firmly believes that the mortgage interest deduction is vital to the stability of the American housing market and economy. We urge [...]
BANK ERROR IN YOUR FAVOR! EX-HOMEOWNERS TO RECEIVE UP TO… $2,000! If you’re a recently displaced homeowner, you’ve probably already heard the fantastic news. If your bank screwed up and improperly or illegally foreclosed on your home between January 1, 2008 and December 31, 2011… the downside is that you lost your home… the [...]
Feb. 13 (Bloomberg) — Wisconsin plans to use part of its $140 million share of the national foreclosure settlement to fill a budget hole. Missouri would devote $40 million for education. Ohio wants to tear down vacant homes. Ninety percent of the $25 billion settlement announced Feb. 9 goes to borrowers, with states receiving at [...]
The State of California is poised to receive close to $18 billion as part of a settlement reached between various state attorney generals and the major mortgage lending institutionsin the United States over questionable financial practices. The announcement was made by Kamala Harris, the Golden State Attorney General, on February 9, 2012. The five major [...]
Republicans have spent the last three years attacking U.S Attorney General Eric Holder about issues related to national security and civil rights. Lately, it’s a screwed up gun-trafficking investigation known as “Operation Fast and Furious.” Many in the GOP are now saying he should resign. This past week, something like 75 members of Congress co-sponsored [...]
When the Obama administration announced plans to revamp their failed HARP 1.0 plan, lenders and consumers alike received the information with the healthy skepticism born of countless hours spent trying to navigate previous ‘improvements’ government officials have made to Mortgage Lending. In the least surprising event of the century, it turns out that HARP 2.0 [...]
February 10, 2012 – Restraints on credit for home buyers and home builders alike continue to impede the housing and economic recovery, Federal Reserve Chairman Ben Bernanke said today in an address to the National Association of Home Builders (NAHB) Board of Directors in Orlando. The Fed chairman said that his message to regulators is [...]
A lot of people don’t...
