But five of those Top 10 metro areas reported decreasing foreclosure activity from the third quarter of 2008, while many other metro areas with Top 50 foreclosure rates reported sharp increases in foreclosure activity. “Rising unemployment and a …
BROOKLYN — Four Brooklyn properties are on the list for a foreclosure auction Sunday, Nov. 1, at the Sheraton Hotel & Towers in Manhattan. Organized by the California-based Real Estate Disposition Corp. LLC (REDC) and presented by Auction.com …
WASHINGTON, DC – Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to improve housing and the housing market for Americans: extension of the First Time Homebuyers Tax Credit for a limited period, extension of higher loan limits for home mortgages, and secure funding for the Housing Trust Fund.
WASHINGTON – Using taxpayer funds to keep out-of-work homeowners in their homes until they find another job is an option being looked at by some officials in the Obama administration, according to people familiar with government financial-rescue …
CHANDLER, AZ — After her husband lost her job, Ava Padilla said she was looking for a solution because they couldn’t afford to keep the home they were renting. “I’m concerned there are other victims,” said Padilla. “I have a 3-year-old baby boy and …
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between October 22 and October 28, the Federal Reserve purchased a total of $21.906 billion agency MBS. In those five days the Federal Reserve sold $3.906 million agency MBS (dollar rolls) with the majority of roll transactions in FN 5.0s and FN 4.5s. After sales, the Fed's weekly net purchases totaled $18.00 billion.
…(<a href="http://www.mortgagenewsdaily.com/10292009_fed_agency_mbs_purchases.asp”>read more)
mortgage rates for the last week have remained relatively unchanged according to information released by Freddie Mac from its weekly Primary mortgage Market Survey and Fannie Mae's report on average yields….(<a href="http://www.mortgagenewsdaily.com/10292009_freddie_and_fannie_marginal_adjustments_made_to_rates_last_week.asp”>read more)
Pennsylvania’s highest foreclosure rate is in the statistical region that includes the northwest city of Warren. A new report released Wednesday by foreclosure listing firm RealtyTrac Inc. shows the area that includes Warren has the 87th highest …
ANNAPOLIS , Md. ( AP ) — Gov. Martin O’Malley will discuss Maryland’s report on the number of jobs created in the state by the federal stimulus act. O’Malley will discuss the number of jobs saved and the number created as a result of the …
DETROIT — A photographer and an architect plan to freeze one of Detroit’s thousands of abandoned homes this winter, encasing it in ice to draw attention to foreclosures that have battered the region. The project from Gregory Holm and Matthew Radune …
