Bank Aid Pushed For Homeowners
Bank Aid Pushed For Homeowners
August 25, 2010 — The Wall Street Journal
New York lawmakers are turning up the pressure on banks to speed up the number of mortgage modifications the institutions approve for delinquent borrowers.
Plan works against foreclosure
August 25, 2010 — Winston-Salem Journal
A foreclosure-prevention initiative involving 12 states, including North Carolina, appears to be making progress with the performance of recent loan modifications.
New-Home Sales Declined Sharply in July
August 25, 2010 — The New York Times
New-home sales unexpectedly fell in July, the government said on Wednesday, the second grim report this week that show that the housing sector stalled last month.
Realtor Chief Economist Stands By Optimistic Forecast
August 24, 2010 — The Wall Street Journal
It must not be easy being Lawrence Yun. At least not in times like these.
TARP Losses Recalculated to $66bn as GSE Outlook Improves
August 23, 2010 — HousingWire
The Congressional Budget Office (CBO) projected Friday the total cost of Troubled Asset Relief Program (TARP) over its lifetime would be $66bn. This is down from the $109bn lifetime cost projected in March. Outlays for Fannie Mae and Freddie Mac will fall from $96bn in 2009 to $41bn this year, the CBO estimates, mostly because the two entities are expected to recognize fewer losses on their mortgage investments and guarantees.