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Will New Housing Programs Cut ForeclosuresAtlanta Journal Constitution
But previous programs by the administration have done little to stem the tide of foreclosures. In metro Atlanta, they have been running at a record pace. ...
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Homeowners Feel Stress of Life ‘Underwater’
msnbc.com
“The majority of Americans still think homeownership is part of the American Dream,” said Pete Flint, CEO of Trulia. However, he adds, they also want to ...
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Does Homeownership Build Wealth
Bankrate.com
Here's another question analysts are pondering in this real-estate environment: Is homeownership a means to build wealth anymore? During the past 50 years, ...
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Four Secrets of a (Money) Happy Home
New York Times
Over the weekend, Ron Lieber walked through some of the reasons that you should still consider homeownership. Because this has been on my
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Home Foreclosures Spike in July
Connecticutt Business News Journal
Connecticutt foreclosure filings surged 22 percent in July over the month before, as many homeowners continue to struggle with mortgage payments. a national ...
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South Florida Benefits from Neighborhood Stabilization Program
MiamiHerald.com
After 18 months, and with a deadline approaching, the federal government's Neighborhood Stabilization Program is now beginning to take shape in South ...
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Will Bank’s Procrastination of Foreclosure Backfire?
The Atlantic
But now industry executives are questioning whether delaying foreclosures -- a strategy contrary to the industry adage that "the first loss is the best ...
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Suburbs Use Federal Grants to Buy, Fix Up Foreclosed Houses
Chicago Daily Herald
But NIU's Dahlstrom warned it could take time to see if the Neighborhood Stabilization Program really works in Elgin. "The bottom line is there are a lot of ...
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First-Time Home Buyers Retreat from Housing Market
MarketWatch
"First-time home-buyer participation is continuing to drop. We expect a further decline in first-time home-buyer activity, perhaps reaching as low as 30% to ...
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Bill May Help Homeowners Avoid Foreclosure
abc7news.com
Time is running out for a piece of legislation that would protect California home-owners from foreclosure. ...
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Foreclosures of Million- Dollar Plus Homes on the Rise
Los Angeles Times
After the mortgage meltdown and the plunge in home prices, record numbers of ordinary houses tumbled into foreclosure ...
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Homes Prices Up One Percent in June
The Associated Press
Home prices rose in June for the third straight month amid a burst of home-buying due to tax incentives that have since expired. ...
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Mortgage Modifications Offer a Bit of Good News in the Dour Foreclosure Market
Washington Post
The State Foreclosure Prevention Working Group warned of other troubling signs, however, on the same day that a separate industry report showed the most ...
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Federal Program Aimed at Staving Off Foreclosure Blight Shows Success
Rome News Tribune
The NSP program was launched in 2009 as an attempt to stop creeping blight in areas hard-hit by foreclosures during the housing crisis. ...
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New Record Set for Metro Atlanta Foreclosures
Atlanta Journal Constitution
The number of foreclosure notices in the 13-county region skyrocketed 59 percent in August from July, shattering the previous monthly record, according to ...
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New Post Purchase Homeownership Certificate Program
The Atlanta Post
United Communities Against Poverty – will launch a Post Purchase homeownership series beginning September 8, 2010. ...
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A Brighter Future for Starter Homes?
Philadelphia Inquirer
Rehabbed houses purchased through the Neighborhood Stabilization Program must be owner-occupied for 15 years. Buyers must have incomes not exceeding 120 ...
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Habitat for Humanity Uses Federal funds to Rehab Metro Detroit Homes
Detroit Free Press
Habitat for Humanity, an agency known for building new houses, is using funds from the federal Neighborhood Stabilization Program ...
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July Home Sales Sink
Arizona Daily Sun
The number of detached, single-family homes sold in Flagstaff fell off sharply in July, reflecting the end of the federal first-time homebuyer credits and a ...
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Super Low Mortgage Rates Haven’t Stimulated Market
Denver Post
An "available" sign sits outside a house for sale in Boise, Idaho. Even the lowest mortgage rates in 60 years aren't stimulating the housing ...
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FHA Gets Tougher on Mortgages
Wall Street Journal
... billion at midyear from $19.3 billion in September 2008, according to a report from the FHA's parent, the Department of Housing and Urban Development. ...
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Homeownership to Decline Further, Housin Analyst Predicts
Los Angeles Times
Government policy, among other factors, pushed homeownership to a lofty 68% of all households. The number has been steadily backsliding in the last couple ...
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30,000 Line Up for Housing Help in Atlanta
AllGov
“Wednesday's deluge of people seeking low-income vouchers in East Point demonstrated just how desperate the need for affordable housing has become in metro ...
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Mortgage Foreclosures, Out of Control?
iNews Connect
There were 92858 mortgage foreclosures last month, according to RealtyTrac's figures released on Wednesday. It marked almost one and a half years of high ...
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Understand the Details of HAMP and Home Loan Modification
Mortgage11
These days news regarding foreclosure and home loan modifications is very much popular. As per the report there were 343638 foreclosures filed against ...
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A Baltimore Housing Market Retrospective
Baltimore Sun
Economists expected a slump in or around July because everyone rushing to get the first-time homebuyer tax credit closed by June 30 if they could. ...
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The Skinny on State Homebuyer Tax Credits
San Diego Union Tribune
The deadline to apply for a first-time home buyer tax credit is this Sunday at midnight. ...
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Philadelphia Area Voices Join Obama Talks on Housing Finance
Philadelphia Inquirer
In the late 1990s and the early 2000s, Fannie Mae and Freddie Mac were encouraged to do everything they could to increase homeownership. - Harold Brubaker.
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Atlanta Housing Shortage Sparks Desperation
NPR
So the city is trying to shift as far as it can away from affordable housing, public housing, subsidized housing. And... MARTIN: Now, as I understand it, ...
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UCAP to Provide A Post Purchase Homeownership Certification Program
Washington Informer
United Communities Against Poverty - will launch a Post Purchase homeownership series beginning September 8, 2010. This program is designed to ...
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Neighborhood Stabilization Program Helps Intown Residents
WABE
Wednesday, city officials announced that they've spent more than 90 percent of the money in the Neighborhood Stabilization Program. ...
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Hispanic Home-Buying on Upswing
NorthJersey.com
When Consuelo Ruiz and her sister bought a house in Totowa 10 years after coming to the US, she recalls, "I didn't know anything; ...
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New Massachusetts Law Toughens Foreclosure Safeguards
Boston Globe
Patrick signed the law at a single family home in Brockton that was foreclosed on but then rehabilitated by a local affordable housing agency and placed on ...
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Foreclosure Mills: America’s Newest Housing Nightmare
AlterNet
Borrowers are getting screwed again as bailed-out banks send their foreclosure dirty work to con artists with a history of breaking the law. ...
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Staying Afloat, Avoiding Underwater Mortgage
NorthJersey.com
Until the state and national economies rebound, the forecast for foreclosures remains grim. But, by recognizing the difficulties that a homeowner faces and ...
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Job Loss, Healthcare Spur Pa. Foreclosure
UPI.com
Job loss and unexpected medical bills are the main reason for home foreclosures in Pennsylvania, not subprime mortgages, a survey indicates. ...
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Foreclosures Notices on the Rise
Minneapolis Star Tribune
Every month during the first six months of 2010 the number of people who said that they had received a foreclosure notice outpaced last year, according to a ...
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The Washington Post: The Limits of the American Dream
Minneapolis Star Tribune
The recession and its accompanying wave of foreclosures have wiped out the past decade's worth of increases in homeownership. And there's more trouble ahead ...
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Determining Home Buying Affordability
MyFox Houston
Searching for a home is the fun part, but actually buying it is the tricky part, especially when trying to determine affordability. ...
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Homebuying Growth Slowest in 9 Months
OCRegister
2996 residences sold — that is +3.3% vs. year-ago buying activity. The last time year-over-year sales growth was slower for a full ...
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Rental Trends & Homebuying
KXNet.com
For more than 60 metro areas in the US, apartment rental occupancies shot up by more than 200000 units in the first 6 months of this year. ...
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FHA Launches Underwater Home Mortgage Refinancing Program
Housing Predictor
... the Housing and Urban Development Department (HUD) today announced that it is launching a program to aid underwater mortgage holders. ...
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State Grants $125K for Homeownership Effort
Austin Business Journal
The grant was sourced from the department's housing trust fund under its Affordable Housing Match Program. The housing trust fund is the only state-funded ...
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Freddie Mac Auctions 135 Phoenix Homes Saturday
BusinessWeek
Registration for the morning auction is solely for homebuyers who are pre-approved for the federal Neighborhood Stabilization Program. ...
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Affordable Housing vs. Luxury Homes
Economic Times
However, there is a qualitative shift in the buying patterns, as well as the buyers segment, for luxury housing. Earlier, investors comprised a large ...
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Five States to Get Foreclosure Prevention Aid
Reuters
Allison said the program is targeted at those who need it most and is not designed to prevent all foreclosures. "For the people who are going to be helped ...
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The Latest Bank to Order Foreclosures: The Fed
New York Times (blog)
Real estate troubles are still unfolding, and more properties face foreclosure. Only this time it's not private banks involved, but the Federal Reserve Bank ...
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Job Loss, Medical Bills Among Top Factors Contributing to Home Foreclosures
PR Newswire
Job loss and unexpected medical bills are among the top factors contributing to home foreclosures in Pennsylvania, according to ...
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Struggling Homeowners find Foreclosure Alternatives with Fannie Mae Mortgage ...
Digital News Report
Fannie Mae tools are to help the homeowners find alternatives to foreclosures. On their KnowYourOptions.com website you are greeted with a video explaining ...
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Best Refinance Mortgage Rate? Obama Stimulus Plan Stopping Foreclosure
Click News
The economic downturn has led to a high increase in the rate of foreclosures. Indeed, the reason for the foreclosure ...
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Stimulus Money Pays for Housing Renovation
TheDay.com
When Connecticut initially received federal Neighborhood Stabilization Program funding, it was all allocated to the state's largest cities. ...
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Senate Banking Committee Passes ‘Livable Communities’ Neighborhood Planning Bill
CNSNews
We're not going to sit here and set [development] standards because you've got to let the flexibility – rural communities, suburban, large urban areas ...
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Development Bill is More Than a Tax Holiday
Boston Globe
Also, the Community Development Finance Corporation and the Economic Stabilization Trust would be incorporated into the Massachusetts Growth Capital ...
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City’s Housing Program Deemed Successful
Times-Georgian
Williams, a recent University of West Georgia graduate, said she wouldn't have been able to afford such a purchase if not for the Neighborhood Stabilization ...
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Housing Plan Sets Off SF Parking Debate
San Francisco Chronicle
Neighbors were never especially happy about plans to build 71 units of affordable housing on a city-owned bus turnaround at Ocean and Phelan avenues, ...
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Housing Project Rebuilds Affordable Homes for Families
abc13.com
"As families struggle during the weak economy, affordable housing is needed now more than ever," Seckinger said. "Construction for the new Kennedy Place is ...
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Housing Bust Opens New Doors for Subsidized Tenants
Wall Street Journal
... nicknamed after its location in the US Housing and Community Development Act. The $18.1 billion Housing and Urban Development program offers more than 2 ...
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Foreclosures A Blight on Market
Chicago Sun-Times
That house down the street that just went into foreclosure wasn't just bad for your neighbor. ...
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Homes Keep Falling into Foreclosure as Programs Fail to Help
MiamiHerald.com
More than three years into the housing crisis that helped trigger a worldwide recession, the torrid pace of home foreclosures ...
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San Francisco Approves Gian Redevelopment Project
The Associated Press
Daly had lobbied unsuccessfully for an amendment requiring 50 percent of the new residences to be set aside as affordable housing. The current plan reserves ...
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Agencies to Try to Help At-Risk Homeowners Avoid Foreclosure
Kingston Daily Freeman
As economic problems continue to plague people across the nation, and making ends meet remains difficult, home foreclosure rates are ...
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City of Jacksonville Host Homebuyers Workshops
WJXT Jacksonville
The city's Neighborhood Stabilization Program is offering additional homebuyers workshops to accommodate the demand for homes within the program and to ...
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HUD Offers $79 Million in Grants for Housing Counseling
Alexandria Echo Press
http://www.google.com/url?sa=X&q=http://blogs.wsj.com/developments/2010/08/02/no-more-slum-slumming-for-section-8-recipients/&ct=ga&cad=:s7:f2:v0:i0:lt:e6:p6:t1280768347:&cd=efDLVZQC5OA&usg=AFQjCNFRu_gwnpt62WGnmD8vmBSLmb_Kgw
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No More ‘Slum, Sluming’ for Section 8 Recipients
Wall Street Journal
... nicknamed after its location in the US Housing and Community Development Act. The $18.1 billion Housing and Urban Development program offers more than 2 ...
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Bank of America Provides $10 Million Grants to Boost Lending to Small Business
Washington Post
Bank of America announced last week that it will provide $10 million in grants to Community Development Financial Institutions and other ...
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New LawsThat May Affect Your Wallet, and Taxes
MarketWatch
This year, TaxWatch has devoted a lot of time to the first-time home-buyer credit and the problems related to getting your refunds. ...
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Bargains, Low Mortgage Rates Boost Dallas-Fort Worth Home Sales in 2010
Dallas Morning News
"Sales figures in the second half of 2009 were artificially inflated due to the first-time homebuyer tax credit that was in play at the time," he said. ...
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Factor in Costs So Home Doesn’t Own You
Hometoownlife.com
It is the quality of home ownership vs. renting. However, that being said, I did recommend to this couple that they consider renting. ...
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Chase Expands Foreclosure Prevention Efforts in Chicago
Market Watch
Chase officially opens its third Home Ownership Center in the Chicagoland area to help families struggling with their mortgage that is serviced by ...
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Four Letters Ease Housing Fears For Some: Rent
NPR
His experience with homeownership turned into a nightmare when he had to sell his home at a substantial loss. Jesus Felizzola says he's renting out of fear. ...
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Chicago Neighborhoods Foundering in Wave of Foreclosures
Chicago Tribune
The US Department of Housing and Urban Development oversees the distribution of cash from the Neighborhood Stabilization Program, and communities apply for ...
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REO Property to Be Repurposed as Affodable Housing
Mortgage Rates & Trends
Typically Habitat for Humanity constructs affordable housing from scratch, but the large amount of distressed property on the market provides a great ...
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A Better Way Seen to Provide Affordable Housing
NJ.com
1) Habitat wants to expand affordable housing for low income people. 2) In order to build this project Habitat will be buying a perfectly good house that ...
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Foreclosures Crisis- Another Wave of Foreclosures to Hit South Florida
iNews Connect
There is a danger of another wave of foreclosures hitting South Florida, according to ...
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Strategic Foreclosure: Should You Walk Away from Your Mortgage?
CBS News
Last week, I talked to CBS3 about the staggering number of foreclosures that are likely this year. Add to that data yesterday's disappointing NAHB home ...
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Cap-and-Trade Bill Would Make Housing Less Affordable
Wall Street Journal
The ensuing housing bubble soon collapsed, and the economy swooned with it. With home prices now slowly approaching affordable levels, it would be a sad day ...
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Foreclosure Picture Isn’t Much Improved
Boston Globe
The number of local foreclosure petitions started by lenders dropped in June for the second straight month, but the number of completed foreclosures more ...
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Police May Get Extra Money to Patrol Foreclosed Properties
Milwaukee Journal Sentinel
Of the $26 million, $18.2 would be community development block grant funding designed to help low and moderate income areas of the city with economic ...
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7 Crucial Facts About FHA Loans
Bankrate.com
... an FHA loan is a mortgage insured by the Federal Housing Administration, a government agency within the US Department of Housing and Urban Development. ...
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Another Month, Another Lackluster HAMP Scorecard
The Washington Independent
Today, the Department of Housing and Urban Development released a new monthly scorecard on the Home Affordable Modification ...
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Additional Grant Funds Accepted For Neighborhood Stabilization Program
WGCL Atlanta
On Tuesday commissioners accepted additional grant funds of almost $900,000 for its Neighborhood Stabilization Program from the state Community Affairs ...
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Charting the Market: Foreclosure Like a Wave Moving On
Washington Times
68,000 homes in the Washington region have been in the foreclosure process during the past 12 months, the same number we saw in the ...
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County, Arlington to Get More Than $10 Million in Federal Grants
Fort Worth Star Telegram
"This funding provides the building blocks needed to improve communities," said US Housing and Urban Development Secretary Shaun Donovan. ...
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Sustainable Planning
Austin Chronicle
Recognizing that regional planning needs help nationwide, the US Congress has provided $150 million to the Department of Housing and Urban Development for a ...
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U.S. Foreclosure Filings Rise 8% in First Half
MarketWatch
The number of US properties subject to a foreclosure filing in the first half rose 8% from the same ...
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Homeowners Associations: The New Foreclosure
CNBC
Thirty-four states allow for judicial foreclosures by HOAs, although the rules and redemption periods differ. The redemption period is the amount of time ...
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90 Foreclosure Suspension for Homeowners Hit by BP Oil Spill
Gov Monitor
On June 17, 2010, Citigroup promised to stop foreclosures on the Gulf Coast for homeowners in certain zip codes affected by the BP Oil Spill until September ...
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Real Estate Q&A: Correlation Exists Between Unemployment, Foreclosures
Kansas City Star
...noticed the number of residential foreclosures is still high. What is the relationship between states' unemployment rates ...
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Obama Administration Wants More Private Money in Public Housing
WNYC
Donovan says housing authorities should also be allowed to take advantage of the same tools used by private developers that build affordable housing. ...
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Affordable Housing: A Roof for All
Economic Times
The importance of affordable housing is undeniable. The sudden growth that our economy saw and the following recession have taught both ...
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Houston Gets $55.9M in HUD Funds
Houston Business Journal
Houston has been awarded $55.9 million from the US Housing and Urban Development to create and support affordable housing and community development. ...
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FHA Announces New Neighborhood Stabilization Policies
Trading Markets
... participating in HUD"s Neighborhood Stabilization Program (NSP) preference to acquire homes from the Department's inventory of foreclosed properties. ...
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Green Jobs, Security Focus of Block Grants
Press & Sun Bulletin
... $50000 earmark for lighting and surveillance cameras on the West Side are part of this year's spending plan for Community Development Block Grant funds. ...
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Housing Programs Awarded Grants
Fresno Bee
Several Valley housing programs have been awarded a total of more than $2.8 million in grants from the US Department of Housing and Urban Development. ...
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Rehabbed Homes Expected to Revitalize Neighborhoods
Springfield News Sun
The city of Springfield hopes to do just that with its federal Neighborhood Stabilization Program grant that includes buying foreclosed houses and rehabbing ...
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Homebuyers Can Grab Hot Deals at Foreclosure Auction of Nearly 200 Homes
PR Newswire
With so many foreclosures available, banks are offering significant discounts on properties to sell them quickly. Hudson & Marshall, America's leading REO ...
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Find Out If the Federal Making Home Affordable Program Can Help You
Mortgage11
... as well as impending home foreclosures, to either modify their existing upside down home mortgages or refinance them to much lower rates of interest...
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Two Colorado Cities Get $9.45 Million in HUD Affordable Housing Grants
Bizjournals.com
The US Department of Housing and Urban Development said Monday it is providing $9.45 million in funds in two Colorado cities for new affordable housing for ...
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The Formula to Determine Eligibility for the Federal Loan Modification Program
Mortgage11
... loan modification program is designed to help distressed homeowners with modification of their existing home mortgage loans and avoid home foreclosures. ...
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Foreclosures Hit Rich and Poor
The New American
The rich as well as the poor are losing their homes to foreclosures. That fact helps demonstrate the vast silliness of the federal government helping those ...
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Solutions Station
National Neighborhood
Solutions Symposium Series
APDS launches its 2009 National Neighborhood Solutions Symposium Series. The 12-city series is targeted to housing and real estate industry professionals to priovide the information and motivation needed to manage successful programs and build stronger businesses in this difficult economy.
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