A new law took effect Monday that strengthens the rights of Oregon homeowners who face foreclosure to help more families stay in their home during this difficult economic climate. Senate Bill 628, passed by the 2009 Oregon Legislature, requires …
In their monthly summary, Fannie Mae today said their retained portfolio was unchanged at $779.4 billion in August of 2009. This follows an 18.2% contraction in July and brings Fannie Mae's year to date portfolio growth to a rate of -1.5%. Last week Freddie Mac reported their retained portfolio contracted by almost 30% to $779.4 billion in August. Year over year Freddie Mac's portfolio has shrunk by 4.7%…(<a href="http://www.mortgagenewsdaily.com/09292009_fannie_mae_delinquencies.asp”>read more)
After an unexpected drop in consumer confidence spurred on a stock sell-off this morning, all three equity indexes are clawing their way back to unchanged. As of 1:30 eastern, the S&P 500 is up 0.09% to 1,063, the Dow is trading 0.01% lower at 9,779, and the NASDAQ is 0.04% lower at 2,129….(<a href="http://www.mortgagenewsdaily.com/09292009_case_shiller.asp”>read more)
Millions of businesses and individuals across the United States and the globe are in financial turmoil. Problems with money are universal. But for the family in jeopardy of losing their home, the recession has become very personal. The words of 18th …
(PhysOrg.com) — Foreclosed homes and unsustainable growth can wreck the tax base of local governments. That’s the warning being issued by Auburn University’s Center for Governmental Services following its study of newly released U.S. Census …
A state law aimed at reducing foreclosures takes effect this week. But a new report by the National Consumer Law Center says the law is unlikely to work because it lacks teeth. Oregon’s is one of 25 programs in 14 states adopted in the past 1½ …
A one-time hotel-condominium project in St. Petersburg’s Old Northeast has slid into foreclosure. The Fuel Group, a Tampa developer, tried unsuccessfully in 2007 to get a 33-story luxury Westin hotel approved at Fifth Avenue N. and First Street …
Marshall & Ilsley Corp. said it has extended its foreclosure moratorium an additional 90 days through Dec. 31. The initial moratorium announced on Dec. 18, 2008, was on all owner-occupied residential loans for customers who agree to work “in good …
Although South Florida continues to see increasing sales figures in residential real estate month after month, there are two aspects of this phenomenon that are striking. The first is that more than 80% of the sales we see are in ranges of $350,000 …
HURRICANE – Several months ago, Alan Erickson and his family stood on the precipice of financial ruin amid mounting medical bills and home foreclosure. But the Hurricane family has since reclaimed a sense of stability. After living in their home for …
