Topic: David Berenbaum
In the short term, the deal between 49 states and five big banks may actually boost foreclosures, some say. In the longer term, it should clear the inventory of homes that depresses prices and help the middle class.
The Federal Housing Authority's (FHA) measures are expected to help replenish the agency's depleted capital reserves and quell rising delinquencies. The move to increase premiums and tighten loan standards could have an impact on low-income borrowers.
01/20/2010 04:13 pm
The $4 billion in federal money will go for everything from rehab to foreclosure-prevention,
08/13/2008 01:00 am