Homeowners Sue BofA for Failing to Permanently Modify Loans

Homeowners Sue BofA for Failing to Permanently Modify Loans
March 23, 2010 — DSNews

Homeowners in Washington State are suing Bank of America, alleging the nation’s largest lender is “intentionally” and “systematically” thwarting and ignoring borrowers’ requests to make reasonable mortgage modifications that would prevent homes from being foreclosed.

Watchdog report criticizes Obama mortgage plan
March 24, 2010 — Associated Press

A government watchdog is criticizing the Obama administration for establishing a "meaningless" goal for its flagship mortgage assistance program.
The report issued late Tuesday by Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, says the Obama administration is measuring the performance of the program by a questionable standard.

Home sales show market struggling to find footing
March 24, 2010 — Reuters

WASHINGTON - Sales of newly built homes fell for a fourth straight month to a record low in February, but another rise in new orders for durable goods offered hope that the economic recovery remained on course.

Future of Fannie and Freddie Debated on Capitol Hill
March 23, 2010 — DSNews

Lawmakers have again set their sights on mortgage giants Fannie Mae and Freddie Mac. The House Financial Services Committee convened a hearing Tuesday to discuss the future of housing finance in general and the GSEs in particular – it’s the first step in a legislative process that could turn the mortgage industry on its ear and the beginnings of a long debate that will undoubtedly become more and more heated in the months ahead.

UCLA economists: no 'double dip'
March 24, 2010 — Inman News

Rejecting the possibility of a "double dip" recession, economists with the University of California, Los Angeles, Anderson Forecast say they expect economic growth to remain on track even in the face of continued high unemployment.