By the time Phyllis Caldwell signed up to lead the Treasury Department team overseeing the government’s massive foreclosure-prevention effort six months ago, the federal program had reached a precarious point.
More: continued here
Minorities are targeted for risky loans, study finds
May 10th, 2010“Private market players, from brokers to mortgage lenders to Wall Street, created a lending pipeline typified by risky, abusive and unfair practices, ” said John Taylor, president and CEO of NCRC. “ It is a shameful condition that borrowing while Black or Latino remains a hazard in this country.
More: continued here
Real estate’s new problem: Not enough homes
May 10th, 2010Can it be possible? Despite the housing bust and high foreclosure rates, in some areas real estate agents are complaining that they don’t have enough homes to sell.
More: continued here
Investors seek private rented sector tax breaks
May 10th, 2010The Property Industry Alliance, which also represents surveyors and mortgage lenders, believes a more efficient tax system could encourage a large-scale private rented sector, which it says could become a ‘vital component’ of Britain’s housing supply if the new government cuts public spending on social housing.
More: continued here
Roll Call: House OKs bill on rebates for home-efficiency projects
May 10th, 2010WASHINGTON — Here’s how area members of Congress voted on major issues in the week ending May 7. HOME-ENERGY REBATES: Voting 246 for and 161 against, the House on May 6 passed a bill (HR 5019) authorizing rebates of up to $8,000 per home for energy-efficiency projects.
More: continued here
Tar Heel Tally
May 10th, 2010Home-energy rebates: Voting 246 for and 161 against, the House on Thursday passed a bill (HR 5019) authorizing rebates of up to $8,000 per home for energy-efficiency projects.
More: continued here
American Dream Of Home Ownership Is Still In Reach To Millions
May 10th, 2010“Despite the fact that mortgage lenders across the country have tighten their lending guidelines, raised minimum credit score requirements and slightly increased the average home buyer’s needed down payment, the American dream of home ownership is still in reach to millions of potential home buyers”, says James N. Rivers, Author of the new book “You Can Achieve The American Dream…With The …
More: continued here
Buyers scramble to close deals by June 30
May 10th, 2010Reporting from Washington — For home buyers who scrambled to meet the April 30 federal tax credit deadline for completed contracts, there’s a new challenge looming: Can they nail down their mortgage financing and get to closing before the program terminates?
More: continued here
Ignoring the Elephant in the Bailout
May 9th, 2010If you blinked, you might have missed the ugly first-quarter report last week from Freddie Mac , the mortgage finance giant that, along with its sister Fannie Mae , soldiers on as one of the financial world’s biggest wards of the state.
More: continued here
Buyers scramble to close deals by June 30 deadline to get federal tax credit
May 9th, 2010Reporting from Washington — For home buyers who scrambled to meet the April 30 federal tax credit deadline for completed contracts, there’s a new challenge looming: Can they nail down their mortgage financing and get to closing before the program terminates?
More: continued here