More Foreclosures Imminent

Assistant Secretary to Financial Stability,  Herbert Allison,  reported to the Senate Panel that the Government is considering a proposal to allow homeowners to remain in their homes as renters after foreclosure proceedings have ended… an attempt by the current administration to address the abundance of vacant homes across the country. Freddie Mac launched a similar [...]

Making Home Affordable

Banks accepting new Troubled Asset Relief Program (TARP) funds must also adopt President Obama’s mortgage modification plan says Shaun Donovan, Housing and Urban Development Secretary. Currently, only Fannie Mae and Freddie Mac are participating in the Making Home Affordable program. Some private banks may participate. The Obama administrations’ Making Home Affordable seeks to bring mortgage [...]

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