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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www.interest.co.nz Wizard Home Loans report Affordability improves in June 78.5% of pay to service mortgage Down from 80.6% in May Best level since Feb 2007 Record improvement Panel 2 House prices falling Median price down 3.4% Interest rates falling 2 year fixed rate 9.2% Down from 9.4% in May Panel 3 Wages up too Nearly 2 incomes needed But improving First time below 2 since 2007 Panel 4 Couples gave up Stayed renting Chose to have family Birth rate jumped
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There may be some bad news for home loan buyers. State Bank of India is considering to withdraw its 8 % special home and car loan schemes.
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UPI Real Estate Expert David Lereah talks about the rise in US foreclosures in recent years and predicts a continuation of the foreclosure crisis for the future.
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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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Home loan growth slowest in 5 years
by Tony on March 1, 2010
Tagged as: Analysis, Commentary, commercial, Documentary, Gotcha!, grassroots, News, outreach, Political
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