User: demo Topic: Housing
Category: Foreclosure Impacts on Renters
Last updated: Oct 21 2014 23:02 IST RSS 2.0
 
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Top subprime mortgage firm accused of abuses 21.10.2014 AP Business
WASHINGTON (AP) -- The nation's largest servicer of subprime mortgages has engaged in abuses that could potentially harm "hundreds of thousands of borrowers," according to the New York Superintendent of Financial Services....
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Demand for Steamboat rentals driving up prices 19.10.2014 Steamboat Pilot
A year ago, the Steamboat Pilot & Today's classifieds section listed a one-bedroom apartment available for $700 per month, a two-bedroom for $1,150 and a three-bedroom, two-bath home for $1,550. The prices weren't rare finds but representative of 40 other listings, including those at Mountain Village and large complexes across town. The rental landscape today is far bleaker for the prospective tenant, and last Sunday only six properties were listed for rent in Steamboat β€” including one-bedrooms for $800 and $1,200 apiece, two-bedrooms for $1,400 and $1,600 and high-end three- and four-bedrooms for $3,000 and $2,150 each. While the classifieds represent a random sampling of properties that may be changing renters at a given time, the numbers are on par with statistics collected by the state from complex managers in Steamboat earlier this year. β€œIt's a classic supply-and-demand scenario. Demand is exceeding supply, and therefore your price goes up,” said Jason Peasley, executive director of the Yampa ...
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Loan gives low-income borrowers a chance to build equity fast 5.10.2014 LA Times: Opinion
Two major banks have agreed to originate a new 15-year mortgage under pilot programs aimed at low- and moderate-income borrowers.
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Blemished credit? Congress weighs changes that could boost scores 21.9.2014 LA Times: Business
β€” Do you think you'd have a better chance to qualify for a home mortgage if negative items in your credit files were erased in four years rather than the current seven?
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High-stakes debate over credit reporting for home loans 17.9.2014 Seattle Times: Business & Technology
Congress is beginning what could be an important long-term review of credit reporting and scoring-system practices for home mortgages. But figuring out how to treat everybody fairly could be a challenge.
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His St. Paul hotel swindle reveals long history of deception 14.9.2014 Twincities.com: News

Doctor. Firefighter. Venture capitalist. Investment banker with the Royal Bank of Scotland.

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FHA is urged to reform loan sale program 11.9.2014 LA Times: Business
A program designed to help prop up the Federal Housing Administration is short-changing borrowers and neighborhoods hard-hit by foreclosures, community groups said as they took to the streets to push for changes.
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Andrew Garfield fights to save his home in Venice Film Festival drama '99 Homes' 29.8.2014 Star Tribune: World
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'99 Homes' brings US subprime crisis to Venice 29.8.2014 AP Business
VENICE, Italy (AP) -- Florida's realtors and tourism authorities will probably not be using "99 Homes" in their promotional material....
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How the recession changed the landscape for office, retail and industrial 17.8.2014 Twincities.com: Business

Talk of the most recent recession and recovery has centered largely on residential real estate. The recovery has been fitful at best, both broadly and within the housing market.

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Disabled veteran evicted from West Seattle home again 16.8.2014 Seattle Times: Local
The Associated Press
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Housing foreclosures still profitable for investors 15.8.2014 Seattle Times: Business & Technology
While still smaller when compared to the heyday of the mortgage-backed securities market before the financial crisis, demand is expected to grow as institutional investors search for yield and analysts estimate that there are still billions worth of delinquent mortgages in the U.S.
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Disabled veteran evicted from Seattle home 15.8.2014 AP Washington
SEATTLE (AP) -- The King County sheriff's office says deputies have evicted a disabled Vietnam War veteran from a West Seattle home he lost in foreclosure....
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Apartment repossession law has offered no bite 14.8.2014 Chicago Tribune: Nation
Almost 11 months after an ordinance took effect to protect tenants in foreclosed, repossessed rental buildings within Chicago, no enforcement tickets have been issued or fines assessed against building ...
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These 7 Charts Show Why the Rent Is Too Damn High 7.8.2014 Mother Jones
More Americans than ever before are unable to afford rent. Here's a look at why the rent is too damn high and what can be done about it. Part of the problem has to do with simple supply and demand. Millions of Americans lost their homes during the foreclosure crisis, and many of those folks flooded into the rental market. In 2004, 31 percent of US households were renters, according to HUD. Today that number is 35 percent. "With more people trying to get into same number of units you get an incredible pressure on prices," says Shaun Donavan, the former secretary of housing and urban development for the Obama administration. It's not just working-class folks who have been pushed into the rental market. More middle-class Americans are renting too. Alongside the foreclosure crisis, the financial collapse and ensuing recession jacked up unemployment and squeezed incomes . Check out how rental costs compare to renter incomes over the past quarter century: Republicans, in an effort to shore up what they say is ...
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West Side neighbors rally behind woman, 85, being evicted 3.8.2014 Chicago Tribune: Nation
For almost half a century, Alice Polk has lived in the tidy two-story house on Chicago's West Side. Longtime residents call her a neighborhood staple, a woman who raised her family here and always looked out for the community's ...
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Not exactly 'Golden Girls,' but seniors use home-share agencies to find roommates, save money 23.7.2014 Star Tribune: Business
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Seniors use roommate-finding agencies to cut costs 23.7.2014 AP Top News
NEW YORK (AP) -- It's not exactly "The Golden Girls," but for Marcia Rosenfeld, it'll do....
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Lee Schafer: High rents reflect shift in living patterns 23.7.2014 Star Tribune: Business
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Daily Digest: Runner recounts close encounter with lightning strike, plus 9 more stories 16.7.2014 Headlines: All Headlines
Your daily resource for late-breaking news, upcoming events, the Denver weather forecast, Denver traffic information, and the stories that will be talked about today, Wednesday, July 16, 2014.
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