Foreclosure News and Information
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Feb. 19 (Bloomberg) — US Housing and Urban Development Secretary Shaun Donovan talks with Bloomberg’s Peter Cook about President Barack Obama’s foreclosure-prevention initiative. Donovan said the .5 billion initiative targets the housing markets that need it most and additional programs may be created. (Source: Bloomberg)
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Feb. 11 (Bloomberg) — US foreclosure filings rose 15 percent in January from a year earlier and exceeded 300000 for the 11th consecutive month as modification programs failed to keep delinquent borrowers in their homes, realtytrac Inc. said. Bloomberg's Su Keenan reports. (Source: Bloomberg)
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Jan. 11 (Bloomberg) — Susan Wachter, a real estate professor at the Wharton School at the University of Pennsylvania, talks with Bloombergs Lori Rothman about the potential impact of prime foreclosures on the US economic recovery. Wachter also discusses the unemployment rate’s effect on the housing market, and the implications of Federal Reserve monetary policy for banks and homeowners. (Source: Bloomberg)
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Jan. 12 (Bloomberg) — Joshua Rosner, managing director at Graham Fisher & Co., talks with Bloomberg’s Lori Rothman about mortgage modification programs. ΒΆ Banks may be forced to resort to a remedy they’ve been trying to avoid, principal reductions, as another wave of foreclosures looms and payments on risky loans rise, Bloomberg BusinessWeek magazine reports in the Jan. 18 issue. (Source: Bloomberg)
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