User: demo Topic: Housing
Category: Foreclosure Impacts on Renters
Last updated: Dec 09 2014 07:52 IST RSS 2.0
 
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As cities spar over housing spots, working poor just want a home 9.12.2014 Minnesota Public Radio: News
The Twin Cities has a growing affordable housing shortage, but critics of a proposed Met Council plan say it lets affluent cities off the hook.
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Regulator OKs some Fannie, Freddie foreclosure buybacks at fair value 26.11.2014 LA Times: Business
The federal regulator overseeing Fannie Mae and Freddie Mac will now allow certain foreclosed borrowers to buy back the homes they lost — so long as they pay the full current value of the property.
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Mortgage giants' stance against principal reduction may be softening - Los Angeles Times 21.11.2014 mortgage - Google News
Mortgage giants' stance against principal reduction may be softening Los Angeles Times Jaime Coronel's pick and shovel sat idle when the recession made landscaping jobs scarce, and the home where he and his wife, Juana, raised four children fell into foreclosure. Mortgage giant Fannie Mae gave permission in 2010 for the Coronels to stay ...
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Mortgage giants' stance against principal reduction may be softening 21.11.2014 LA Times: Top News
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Winona rental ordinance heads to Minn. Supreme Court 2.11.2014 Star Tribune: Local
Winona dispute could affect homeowners statewide.
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U.S. homeownership rate slips 1.11.2014 Durango Herald
BOSTON – The homeownership rate fell to the lowest in more than 19 years as the market shifted toward renting and tight credit blocked some potential buyers.The share of Americans who own their homes was 64.4 percent in the third quarter, down from 64.7 percent in the previous three months, the Census Bureau said in a report...
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L.A. City Council backs proposal to toughen foreclosure registry 30.10.2014 LA Times: Business
Los Angeles is poised to tack a new fee on foreclosed properties, in a move that the city hopes will help keep the homes from turning into crumbling wrecks.
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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 — 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. “It'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
— 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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