Federal funds flow into Oregon in attempt to relieve foreclosure troubles
Federal funds flow into Oregon in attempt to relieve foreclosure troubles
September 8, 2010 — The Oregonian
Still more federal money is pouring into Oregon in hopes of alleviating the foreclosure problems plaguing homeowners.
Maryland wins $6.8M to fight foreclosures
September 8, 2010 — Washington Business Journal
Maryland will get $6.8 million in Neighborhood Stabilization Program grants as part of $1 billion U.S. Housing and Urban Development earmarked for states struggling to reverse the effects of the foreclosure crisis.
Decline in home prices to continue to 2011: Clear Capital
September 8, 2010 — HousingWire
Home prices gained 5.7% over the three months ending in August, according to real estate data provider Clear Capital. But analysts added price growth has slowed and will contract well into 2011.
California, FHA offer 4% loans
September 8, 2010 — Inman News
The California Housing Finance Agency is teaming up with the Federal Housing Administration to offer 30-year fixed-rate loans to low- and moderate-income first-time homebuyers at below-market rates.
Tighter Lending Rules Needed: FDIC's Bair
September 9, 2010 — CNBC
Regulators should tighten lending rules for home mortgages in the US and the government is taking on a lot of risk by guaranteeing risky loans, Federal Deposit Insurance Corporation Chairman Shelia Bair warned.