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Hurricane Watch 2009
Presented as a Public Service by:
 National Community Reinvestment Coalition
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Housing
Affordable housing deal at Atlantic Yards
March 12, 2010
By: Crain's New York
Thursday's long-awaited groundbreaking ceremony for the Barclays Arena at the edge of downtown Brooklyn came with some surprises. At the ceremony at the site of the vast Atlantic Yards development, Mayor Michael Bloomberg announced that the city has secured a commitment from project developer Forest...
Mortgage Rates Drop Slightly in Freddie Mac Weekly Survey
  March 12, 2010 By: Freddie Mac McLean, VA – Freddie Mac (NYSE:FRE) hasreleased the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.95 percent with an average 0.7 point for the week ending March 11, 2010, down from last week when it averaged 4.97 percent. Last year ...
Public Reverse Mortgages and Long-Term Care: Can They Work Together?
March 11, 2010
By: Kaiser Health News
Here’s the problem: By the time we need long-term care services we often don’t have readily available resources to pay for them. Only about seven million Americans have private long-term care insurance. And, on average, retirees have financial assets of less than $100,000—usually in the form of a 40...
The Subprime Lending Business Survives, Even Thrives
March 11, 2010
By: Time
Poor credit? It's still no problem for some lenders. The financial crisis was supposed to ring the death knell for companies that make loans to people who have had problems with debt. But a year and a half later, so-called subprime lending is alive and well. What's more, fears that increased regulat...
Foreclosures leveling off
 March 11, 2010 By: CNN Money The national foreclosure rate fell 2% in February from a month earlier, according to an industry report released Thursday, the latest sign that the pace of foreclosures is slowing. In January, the foreclosure rate had fallen 10% from December, according to RealtyTrac. And though foreclosures were up...
Analyst bashes AG Cuomo on CNBC
March 10, 2010
By: LegalNewsline.com
NEW YORK (Legal Newsline) - Criticism of New York Attorney General Andrew Cuomo has hit the television airwaves, with a banking analyst calling him the "father of the subprime crisis." Dick Bove's opinion of Cuomo's time as secretary of the Department of Housing and Urban Development joined those...
Federal Home Loan Bank of Dallas Announces $18.6M in Affordable Housing Program Grants
March 10, 2010
By: Benzinga
DALLAS -- The Federal Home Loan Bank of Dallas (Bank) is pleased to announce that it has $18.6 million in Affordable Housing Program (AHP) grants available in 2010. The Bank's AHP is a competitive grant program that operates through the Bank's member financial institutions. It is designed to assist ...
The stimulus and its impact on Black housing
 March 10, 2010 By: The Final Call Equity rich but cash poor Black households hardest hit by the crippling subprime lending scheme have benefitted less than predatory financial institutions from stimulus dollars meant to help them recover, fair lending advocates and loan modification analysts say
Treasury Assistant Secretary Barr Remarks Before National Council of State Housing Agencies
March 10, 2010
By: US Treasury
The Administration has taken broad action over the past year to stabilize the housing market and help American homeowners. And the housing finance agencies are playing an important role in these efforts.
Pittsburgh Leads List of Affordable Housing by Forbes
March 10, 2010
By: Huliq.com
Forbes Magazine has released a list of the cities with the most affordable housing in the U.S., according to the Housing Opportunity Index with is published quarterly by the National Association of Home Builders and Wells Fargo, fourth quarter of 2009. Pittsburgh leads with list as the city with the... |
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