Topic: Neighborhood Reinvestment Corporation
All Content
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Mortgage fraud: Bloomberg, nonprofit try to raise awareness
New York Mayor Bloomberg and NeighborWorks rolled out a ‘Loan Modification Scam Alert’ on Thursday. The goal: to prevent yet more homeowners from falling victim to mortgage fraud.
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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.
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Homeowners should get help early, report says
Only 2 percent of those who sought help from a US counseling program lost their homes.
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New round of foreclosures delivers blow to recovery
Foreclosures hit new highs in April and more are expected in months ahead.
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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.
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Can lenders do more to halt foreclosures?
Banks have begun to modify loans for mortgage-holders, but experts say not nearly enough.
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