Topic: National Community Reinvestment Coalition
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.
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 did not reach as many borrowers as officials had hoped. By including 'underwater' loans, the Obama administration hopes to stem the tide of foreclosures.
10/24/2011 07:08 pm
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.
04/15/2011 03:10 am
Pundits predict healthy growth in 2011 and fewer unemployed. But housing and state budgets may struggle.
12/29/2010 07:37 am
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.
07/15/2010 09:40 pm
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
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.
12/17/2009 06:34 pm
Rising unemployment and higher interest rates may be to blame for another record month.
08/13/2009 01:00 am
The White House will use $75 billion to subsidize the loan payments of distressed mortgage-holders.
02/18/2009 12:00 am