Stabilizing Neighborhoods: Lessons Learned from the Field

September 2, 2010 By: Federal Reserve Board Governor Elizabeth A. Duke

Good morning. I want to welcome you to the Federal Reserve Board for this two-day summit to examine the problems associated with vacant and abandoned property and to explore innovative approaches to neighborhood stabilization.

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GAO Reports Long Overdue Data on Mortgage Scams at Behest of Request Made by Reps. Matsui, Rush

August 25, 2010 By: RealEstateRama

SACRAMENTO, CA — Congresswoman Doris Matsui (D-CA) announced that the Government Accountability Office (GAO) released a report on the current situation of mortgage foreclosure scams occurring around the country, and an analysis of the government’s efforts to prohibit such deceptive financial practic...

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Federal foreclosure prevention program is struggling

August 23, 2010 By: LA Times

Just as the housing market recovery has stalled, so has the Obama administration's main program to ease home foreclosures. Only 36,695 homeowners received permanently lowered mortgage payments in July through the much-criticized Home Affordable Modification Program, the smallest increase since Decem...

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How To Get A Mortgage Now

August 19, 2010 By: Forbes

By now it's well-documented that getting a mortgage is no longer as simple as proving you have a pulse, but that doesn't mean home ownership is out of the question. Interest rates have fallen to their lowest levels in decades, and home prices are stabilizing in many metropolitan areas. The average 3...

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U.S. role at heart of housing debate

August 18, 2010 By: Washington Post

Top Obama administration officials opened a conference on the future of housing by making clear Tuesday they are considering a limited range of options that would reduce but not eliminate the government's role as a provider of funding for home loans.

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Mortgage Fraud Proving Difficult to Eradicate

August 18, 2010 By: BusinessWire

AGOURA HILLS, Calif.--(BUSINESS WIRE)--Communities that are currently struggling from the effects of fraudulent mortgage transactions may still be suffering years from now, according to research released today by Interthinx. In its quarterly Mortgage Fraud Risk Report, Interthinx notes that six of t...

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Here's The Result That Should Come Out Of This Week's Conference On Fannie And Freddie

August 18, 2010 By: One News Page

As a concerned citizen and expert on housing risk relating to mortgage-backed securities, I have been following the discussion relating on what to do about our beloved Government Sponsored Enterprises (Fannie Mae and Freddie Mac) with more than just a little interest.

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U.S. Treasury, Morgage-Lenders Seek to Keep Government Role in Housing Fix

August 18, 2010 By: Bloomberg

The Obama administration, looking to overhaul the U.S. mortgage-finance system, gathered support from lenders and the real estate industry for reducing, without ending, the government’s role in insuring loans. A limited government backstop “has a lot of traction,” said Michael Berman, chairman-elect...

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Federal Reserve announces final rules to protect mortgage borrowers from unfair, abusive, or deceptive lending practices that can arise from loan originator compensation practices

August 17, 2010 By: Federal Reserve Board

The Federal Reserve Board on Monday announced final rules to protect mortgage borrowers from unfair, abusive, or deceptive lending practices that can arise from loan originator compensation practices. The new rules apply to mortgage brokers and the companies that employ them, as well as mortgage loa...

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Foreclosure prevention programs let homeowners down

August 17, 2010 By: Herald Tribune - FL

SARASOTA COUNTY - In hopes of saving their homes, troubled homeowners in the Sarasota area worked out deals with their lenders to reduce their monthly mortgage payments.

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