Program Will Pay Homeowners to Sell at a Loss
Program Will Pay Homeowners to Sell at a Loss
March 7, 2010 — New York Times
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.
Home-Saving Loans Afoot
March 8, 2010 —Wall Street Journal
Pressure is growing on U.S. banks to ease terms for distressed homeowners on home-equity loans and other second-lien mortgages.
Bair Defends HAMP, Voices Support for Principal Write-Downs
March 5, 2010 — DSNews
FDIC Chairman Sheila Bair – a recognized champion of homeownership preservation whose loan modification model has set the standard for the industry – is throwing her support behind the administration’s Home Affordable Modification Program (HAMP).
CalHFA Plans to Put $700 Million in Funding to Good Use
March 5, 2010 — DSNews
The California Housing Finance Agency (CalHFA) announced Friday that it will develop innovative initiatives to use nearly $700 million in new federal funding to help the state’s most troubled homeowners stay in their homes.
Walking One Block Damaged By The Housing Crisis
March 8, 2010 — NPR
Dana Lane doesn't look devastated.
It's part of a California subdivision built in the late 1980s, a mix of stucco and wood siding with mismatched fences. It looks like so many working-class suburban blocks.