Topic: National Community Reinvestment Coalition

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Will $26 billion settlement from big banks repair US housing market? (+video)

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.
What's next for Occupy Wall Street? Activists target foreclosure crisis.

As the protest movement heads into spring, Occupy Wall Street activists are interrupting foreclosure auctions and helping families re-occupy their homes.
Home Affordable Refinance Program: A lifeline to 'underwater' borrowers?

Home Affordable Refinance Program did not reach as many borrowers as officials had hoped. By including 'underwater' loans, the Obama administration hopes to stem the tide of foreclosures.
Mortgage lenders must pay homeowners for improper foreclosures

Mortgage lenders ordered to reimburse customers they foreclosed on improperly. Regulators tell 16 mortgage lenders to hire auditors to find out who could have avoided foreclosure in 2009 and 2010.
In 2011, better economic outlook – for some

Pundits predict healthy growth in 2011 and fewer unemployed. But housing and state budgets may struggle.
Why financial reform might not work as intended

The Senate passed financial reform Thursday, and President Obama will sign it, but many of the tough decisions will be made by federal regulators. How they interpret the bill will be key.
FHA increases premiums, tightens loan standards

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.
Holiday cheer: Citigroup suspends foreclosures for 30 days

Citigroup is holding off on foreclosures and evictions for 4,000 homeowners. Fannie Mae and Freddie Mac are expected to make a similar announcement, and other financial institutions are expected to follow suit.
Why the foreclosure crisis isn't improving

Rising unemployment and higher interest rates may be to blame for another record month.
Obama mortgage aid targets distressed homeowners

The White House will use $75 billion to subsidize the loan payments of distressed mortgage-holders.
Some relief may be in sight for troubled US mortgages

As more than 5 million Americans fall behind on mortgages, banks signal a new willingness to reduce the principal.
Which candidate’s plan would best ease the mortgage crisis?

McCain and Obama differ on solutions, which could echo FDR’s during the Great Depression.
States, cities ready to move on housing aid

The $4 billion in federal money will go for everything from rehab to foreclosure-prevention,
Big housing bill: no rescues soon

Help for strapped homeowners may not be forthcoming until next year; ramping up the new government programs will take months.
Paulson outlines fix-it plan for credit crisis

Treasury secretary calls for tighter reins on financial markets as mortgage turmoil continues.