U.S. Pending Home Sales Fell to a New Low in May
U.S. Pending Home Sales Fell to a New Low in May
July 1, 2010 — New York Times
The number of buyers who signed contracts to purchase homes dropped in May to the lowest level on record, a sign the housing recovery can’t survive without government incentives.
Oil Spill May Cause Further Problems for Troubled Florida Homeowners
June 30, 2010 — DSNews
The BP oil spill may intensify problems for homeowners in Florida who were already struggling to keep up on their mortgage payments, Fitch Ratings recently reported. According to the ratings agency, these “at-risk” mortgage borrowers will have limited ability to face any additional economic challenges brought on by the spill.
Financial Overhaul Wins Final Approval in House
June 30, 2010 — New York Times
WASHINGTON — The House on Wednesday adopted legislation to revamp the nation’s financial regulatory system, voting mostly along party lines as partisan acrimony impeded cooperation even on the shared goals of averting future economic crises.
NY's Cuomo Expands Look into Mortgage Rescue Companies
June 30, 2010 — Housing Wire
New York Attorney General Andrew Cuomo is expanding his investigation into mortgage rescue companies.
NeighborWorks America Awards $35 Million in Affordable Housing Grants to Housing Nonprofits
June 30, 2010 — BusinessWire
WASHINGTON — Today NeighborWorks America announced that it has awarded $35 million to 117 local NeighborWorks organizations and two NeighborWorks-affiliated capital corporations – Community Housing Capital and NeighborWorks Capital -- to rehabilitate or finance the rehabilitation of affordable housing nationwide, including smaller and rural communities with affordable housing needs.