No Car, No Foreclosure?
No Car, No Foreclosure?
Feb. 22, 2010 — Smart Money
Can rates of car ownership predict mortgage performance?
According to some new research from two environmental groups, the answer is yes.
Delinquencies, New Foreclosures Fall: Is this the Beginning of the End?
Feb. 19, 2010 — DSNews
Both the national residential delinquency rate and new foreclosures initiated dropped in the fourth quarter of 2009. Is it a sign that the industry may have finally turned the corner on the housing crisis? The Mortgage Bankers Association (MBA) says yes.
Obama Pledges $1.5B for Unemployed and Underwater Homeowners
Feb. 19, 2010 — DSNews
The administration announced a new initiative Friday to help the nation’s hardest hit housing markets. President Obama has allocated $1.5 billion in aid for states where unemployment is high and home prices have fallen more than 20 percent in the aftermath of the housing bubble.
Take Three: Will Congress Extend the Home Buyer Tax Credit?
Feb. 22, 2010 — The Wall Street Journal
The National Association of Realtors and other industry groups are beginning to make the rounds on Capitol Hill to press their case, which goes something like this: We know you’ve extended the tax credit two times already, but the housing market is still fragile, the tax credit is working, and don’t forget– you’re up for re-election soon. In other words, do you really want to own the next leg down in home prices?
California Named No. 1 State for Mortgage Fraud Risk
Feb. 19, 2010 — DSNews
In the fourth quarter of 2009, California had the highest mortgage fraud risk, according the quarterly Mortgage Fraud Risk Report released Friday by Agoura Hills, California-based Interthinx, a provider of risk mitigation and regulatory compliance tools for the financial services industry.