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- U.S. Bailout Fund Left Many Problems Unsolved: Watchdog
- By David LawderWASHINGTON (Reuters) - The U.S. government's $700 billion bailout program helped stabilize the financial system, but has done little to boost lending or stave off millions of home foreclosures, a government watchdog group said on Wednesday.The Congressional Oversight Panel's new monthly report on the Troubled Asset Relief Program...
- News items 2009-12-16
Additional Resources
- Citigroup CEO Chuck Prince, FDIC Chairwoman Sheila Bair to Address U.S. Foreclosure Crisis at Greenlining Institute's 14th Annual Economic Development Summit in Downtown Los Angeles, April 19
- LOS ANGELES -- Citigroup CEO Chuck Prince, FDIC Chairwoman Sheila Bair and other high-ranking banking and Federal government regulators will address the country's growing foreclosure crisis and its impact on minority consumers at the Greenlining Institute's 14th Annual Economic Development Summit, April 19, at the Westin Bonaventure Hotel in Downtown...
- Research articles 2007-04-09
- BROOKINGS EVENT: Addressing the Foreclosure Crisis: A Hamilton Project Policy Discussion
- To: REAL ESTATE EDITORS Contact: Brookings Office of Communications, +1-202-797-6105 WASHINGTON, March 6 /PRNewswire-USNewswire/ -- The following is being issued by the Brookings Institution: Addressing the Foreclosure Crisis: A Hamilton Project Policy Discussion Friday, March 14, 2008, 11:00 a.m. - 1:00 p.m. Falk Auditorium, The Brookings Institution, 1775 Massachusetts...
- Research articles 2008-03-06
- Countywide Symposium to Focus on Foreclosure Crisis
- SAN DIEGO -- On October 30, 2008, the City Heights Foundation in collaboration with the FDIC, the Federal Reserve Bank of San Francisco, the Office of the Comptroller of the Currency, and a local agency task force will be hosting a symposium titled, "Developing a Regional Plan for Neighborhood Stabilization:...
- Research articles 2008-10-22
- Becker & Poliakoff Founding Partner Requests Federal Solution to Foreclosure Crisis in Common Interest Ownership Communities
- Becker & Poliakoff, P.A., a diversified commercial law firm with more than 120 attorneys in 13 Florida offices, New York City and affiliated international offices, today made public a letter to President Obama from Gary A. Poliakoff, J.D., a founding shareholder of the firm, calling attention to the impact of...
- Research articles 2009-03-10
- Mortgage-Crisis Relief: Falling Down on the Job
- A scorecard released today on the progress-to-date of two U.S. anti-foreclosure programs begs the question: Is this any way to run a rescue mission? A single figure in the Congressional watchdog panel's report speaks to the glaring failure of federally mandated efforts to stem the continuing foreclosure...
- Blog posts 2009-10-09
- National and federal resources aid response to the home foreclosure crisis.
- Recent reports reveal that overall foreclosure activity increased by 75 percent in 2007, and last December marked the fifth straight month that more than 200,000 foreclosure filings were reported nationally. The following are foreclosure mitigation resources that may be beneficial for local elected officials...
- Research articles 2008-02-04
- Congress seeks to advance foreclosure relief
- WASHINGTON -- Under growing pressure from voters to do something about the nation's home foreclosure crisis, top Senate leaders agreed Tuesday to start with a plan that can win the support of both Democrats and Republicans. The pact between Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch...
- Research articles 2008-04-02
- NY Times: Ideologues Aided Mortgage Crisis
- From the NY Times: White House Philosophy Stoked Mortgage Bonfire The global financial system was teetering on the edge of collapse when President Bush and his economics team huddled in the Roosevelt Room of the White House for a briefing that, in the words of one participant, "scared the hell...
- News items 2009-08-07
- New Yorkers Call on Governor Spitzer to Stem Statewide Foreclosure Crisis
- To: STATE EDITORSContact: Sarah Ludwig, NEDAP, +1-347-451-3742; or Bill Ferris, AARP, +1-518-447-6712 New Yorkers for Responsible Lending Coalition Calls on Governor to CreateLoan Remediation Fund for Homeowners Facing ForeclosureALBANY, N.Y., Nov. 1 /PRNewswire-USNewswire/ -- New Yorkers for Responsible Lending NYRL converged in Albany today to urge Governor Eliot Spitzer to...
- Research articles 2007-11-01
- Fed Policy is Status Quo, as Housing Crisis Continues
- Analyzing the Fed Statement, the foreclosure crisis intensifies as home prices decline and the daily chart for the S&P 500. The Fed did not say the Recession is ending. They said the economy stabilized but is still weak. “Household spending has continued to show signs of stabilizing but remains constrained...
- External links 2009-08-13
- Calculating the Net Present Value (NPV) of a Foreclosure vs. a Loan Modification
- Now I sort of understand why so many homeowners are in loan modification hell. This Dante's Housing Crisis Inferno has been fanned by the introduction of a simple calculation: the NPV. What's the NPV? NPV stands for net present value, and it is an...
- Blog posts 2009-09-23
- Better Foreclosure Numbers? Not Really.
- For the third month in a row, the number of foreclosures decreased slightly. Is the tide of foreclosures turning? Not really. It's more like a temporary lull. In a press release, James J. Saccacio, chief executive officer of RealtyTrac noted...
- Blog posts 2009-11-12
- Thai Asset Management Corporation Likely to Reduce Foreclosure.
- By Cholada Ingsrisawang, Bangkok Post, Thailand Knight Ridder/Tribune Business News Feb. 1--Court receivers say the Thai Asset Management Corporation TAMC should help reduce the number of foreclosure cases sharply once it begins operation. Since the onset of the financial crisis in...
- Research articles 2002-02-01
- NeighborWorks COO Eileen Fitzgerald to Moderate Important National Discussion of Community Stabilization Strategies during Federal Reserve Symposium
- NeighborWorks Continues to Lead the Industry in Addressing Homes Left Vacant during National Foreclosure Crisis WASHINGTON -- Today NeighborWorks America Chief Operating Officer Eileen Fitzgerald will moderate an important discussion on community stabilization strategies during the Federal Reserve System's "Recovery, Renewal and Rebuilding" symposium series, which highlights the impacts...
- Research articles 2008-10-20
- Have We Really Hit The Bottom Of The Real Estate Housing Market?
- Everyone's so anxious to call the "bottom" of the real estate housing crisis. Why? There's no accolade for being right. It's not as if we're going to see a 65 percent surge in housing prices over the next six months (and watch out for that kind of...
- Blog posts 2009-10-22
- Free Foreclosure Trends Active Report Offered by Information Builders and RealtyTrac
- Information Builders, the independent leader in production business intelligence BI systems, in conjunction with RealtyTrac® ( www.realtytrac.com ), the leading online marketplace for foreclosure properties, today announced the free availability of the first WebFOCUS U.S. Foreclosure Trends Active Report . Directly or indirectly, everyone...
- Research articles 2008-04-21
- Retail sales post surprise drop for July
- WASHINGTON - Retail sales disappointed in July and the number of newly laid-off Americans filing claims for unemployment benefits rose unexpectedly last week. The latest government reports reinforced concerns about how quickly consumers will be able to contribute to a broad economic recovery. "There is really no positive spin to...
- News items 2009-08-13
- Welcome to Stockton: foreclosure capital USA
- STOCKTON, United States AFP — A town in central California has become ground zero in the wave of foreclosures plaguing the US housing market in the wake of the sub-prime lending crisis. With a population of nearly 300,000, Stockton has acquired the unfortunate distinction of having the highest foreclosure...
- Research articles 2007-09-12
- Why Banks Won't Modify Your Mortgage: It Doesn't Pay
- Federal initiatives such as the Making Home Affordable program aim to help homeowners keep their property by encouraging banks to renegotiate their mortgages. It isn't working. Lenders modified loans for less than three percent of delinquent borrowers within a year of their falling behind on payments, according to a new...
- Blog posts 2009-07-20
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