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U.S. Plans Big Expansion in Effort to Aid Homeowners

U.S. Plans Big Expansion in Effort to Aid Homeowners
March 26, 2010 — New York Times

The Obama administration on Friday announced broad new initiatives to help troubled homeowners, potentially refinancing several million of them into fresh government-backed mortgages with lower payments.

Will White House Plan Rile Up More Borrowers Than It Helps?
March 26, 2010 — Wall Street Journal

The White House announced a raft of enhancements to its foreclosure mitigation efforts on Friday morning, as we reported in today’s WSJ. Every new program announcement will raise hopes for some and the anger of others, but the bottom line is that these adjustments, which include renewed attention towards reducing loan balances, are designed to address the fact that the foreclosure crisis has deteriorated as unemployment rises and more borrowers owe more than their homes are worth.

Attorney general says Arizona to get $1.7M to help prevent mortgage fraud
March 26, 2010 — Associated Press

PHOENIX — U.S. Attorney General Eric Holder delivered more resources to fight mortgage fraud in Arizona and across the nation Thursday, saying $8 million will be used to beef up investigation teams this spring.

Real Estate Outlook: Freddie Mac Predicts Positive Recovery
March 23, 2010 — RealtyTimes

Could we be heading for a "double dip" in the economy, taking us back into recession, as some Wall Street analysts predict?

Could the Federal Reserve's planned departure from the mortgage securities market send home loan rates spiking upward, and knock the wind out of the housing recovery?

Only 23% of Agents Surveyed Predict Increase in Home Prices
March 23, 2010 — DSNews

Seventy-seven percent of real estate professionals think home prices will either stay the same or decrease in the next six months, according to the responses of more than 1,400 real estate agents and brokers nationwide in the first quarter 2010 Home Prices Survey released Tuesday by HomeGain, an Emeryville, California-based provider of online marketing programs that connect real estate agents with homebuyers and sellers.

Posted: Fri, March 26 2010 8:42 AM by joelc

Comments

Inahs said:

the program would save the avreage homeowner $165 in taxes in 2009.The state is offering a one-time program for municipalities to cut pension contributions by half, the town's financial officers said during the Morristown Council meeting Tuesday night.The town is in worse financial shape than it was a year ago by about $2 million, chief financial officer Robert Calise and auditor and consultant Jeff Bliss said.The town's surplus is down by about $1 million this year, Calise said. Applications for building permits dropped by about $250,000, and interest on investments plunged by $400,000, Calise said.In 2008, the town's tax collection rate was down by 96 percent, falling two points from 2007, he said.  We've done everything, but not having the taxes paid erodes the surplus,  Calise said.

# March 10, 2012 9:03 AM

Lorraine said:

pay all your other bills on time. get a better piayng job to pay your house bill and dont go through the foreclosure.

# March 12, 2012 8:35 PM
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