Tax Foreclosures on the Rise
Fixing the Economy: We Got it Wrong
By James K. Galbraith, Los Angeles Times, August 15, 2011 (OPINION)
Our economic issues are worse than expected, and our solutions haven't worked. We need to start anew. Stimulus alone was never going to bring recover. The financial system needs a complete overhaul.
Tax Foreclosures on the Rise
By Holly Klaft, Jackson Citizen Patriot, August 14, 2011
While mortgage foreclosures are still a primary culprit in property loss, comprising the majority of overall foreclosures, tax foreclosure is on the rise.
U.S. Home Builders Not Optimistic in August
By Derek Kravitz, AP Real Estate Writer, The Sacramento Bee, August 14, 2011
Homebuilders are just as pessimistic about the depressed housing market as they were two years ago. The National Association of Home Builders said Monday that its index of builder sentiment in August was unchanged at 15. The index has been below 20 for all but one month during the past two years.
Fannie Mae Pressures Banks to Foreclose
By Jennifer Dixon, Detroit Free Press, August 13, 2011
"Preventing foreclosures is a top priority for Fannie Mae," Terence Edwards, an executive vice president, told the panel. "Foreclosures hurt families and destabilize communities." But confidential documents obtained by the Free Press show that Fannie Mae has pushed an agenda at odds with those public assurances.
New Portal Displays Fannie, Freddie, FHA REOs
By Inman News Staff, August 15, 2011
The U.S. Department of Housing and Urban Development has unveiled a new Web-based mapping tool displaying the location of all foreclosed properties held by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) — nearly half of all "real estate owned" (REO) properties in the U.S. HUD's REO Portal is intended to help local communities, homebuyers and investors acquire properties and accelerate efforts to stabilize local housing markets, HUD said.