Watchdog: Anti-Foreclosure Programs are Not Enough
10/9/2009
Drawbaugh, Reuters
Government programs to fight the U.S. home foreclosure crisis look increasingly inadequate and should be reworked, expanded and supplemented with new ideas, a congressional watchdog said in a report on Friday.
Mandatory Mediation Can Drastically Reduce Foreclosures and Improve Modification Programs
06/23/2009
By the Center for American Progress
It is estimated that as many as 9 million homeowners may lose their homes to foreclosure over the next four years, with nearly one in eight mortgages currently delinquent or in the process of foreclosure. And the foreclosure crisis is not limited to borrowers who were offered subprime loans, either. The most recent data available from the Mortgage Bankers Association shows that prime loans account for most new foreclosures.
California Imposes 90-Day Foreclosure Moratorium
06/17/2009
From the Associated Press
California is imposing a 90-day moratorium on housing foreclosures under a new law that takes effect Monday, June 15.
HOPE for Homeowners
2/10/2009
If you are having trouble making your mortgage payments, HOPE for Homeowners may be able to help you, by refinancing your loan into a new 30-year or 40-year fixed-rate loan with lower payments.