Discrepancies detailed in minority foreclosures
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MicrosoftInternetExplorer4
April 28,
2010 — Washington
Post
Minority
homeowners in the Washington
region are more likely to be in foreclosure even if they have credit scores and
loan sizes similar to their white counterparts, according to a National
Community Reinvestment Coalition report to be released Wednesday.
April 27,
2010 — Chicago
Tribune
Let the
bankers come with their foreclosure notices. Invite the building inspectors,
too. At 100 years old, Agnes Albinger has lived on her 70-acre patch of
farmland longer than most of those people have been alive.
April 28,
2010 — Washington
Post
A closely
watched housing-market index released Tuesday showed that home prices dropped
in many major metropolitan areas from January to February, though prices are up
from the same time a year ago.
April 28,
2010 — Arizona Republic
Arizona now ranks fourth for mortgage fraud nationally. It's the first time the
state has cracked the top five for the problem, according to data released this
week from the Mortgage Asset Research Institute.
April
27, 2010 — Forbes
The
Federal
Open Market Committee--the arm of the
Federal
Reserve that makes monetary
policy--will meet on Tuesday and Wednesday to discuss its target for short-term
interest
rates. It will also discuss other
issues, such as what to do with its huge balance sheet of mortgage assets that
ran up during the height of the financial panic.
April
27, 2010 — Inman News
Housing
is about supply and demand, and currently supply outweighs demand by a large
margin, with the majority of homes either being underwater or in foreclosure.
It's this part of the market that needs to be addressed, as once the majority
of these properties are off the market, the prices of homes should begin to
stabilize.