Federal foreclosure prevention program is struggling
Federal foreclosure prevention program is struggling
August 21, 2010 — Los Angeles Times
Reporting from Washington — Just as the housing market recovery has stalled, so has the Obama administration's main program to ease home foreclosures.
Housing Slide in U.S. Threatens to Drag Economy Into Recession
August 23, 2010 — Bloomberg
Housing led the U.S. out of seven of the last eight recessions. This time, it may kill the recovery.
New Online Help From Fannie Mae
August 20, 2010 — New York Times
SINCE foreclosures started to rise sharply in 2007, struggling borrowers have been offered a lot of help online. Some is well-meaning, but some is simply a scam in the form of expensive “debt relief” services that may be offered free elsewhere.
Foreclosures driving down property values
August 22, 2010 — Florida Today
REOs and short sales. Five years ago, few people, even those who made their living in real estate, were familiar with those terms. Now, they are the driving force in Brevard County's housing market, while also dragging down the value of other homes and slowing the push for new construction, one of the county's main economic engines.