February 2011

(Source: News Sentinel) – Federal Housing Administration and Veterans Affairs loans have an impact on negotiating a purchase contract.

(Source: By Mark Fazlollah, Jeff Shields and Jennifer Lin) – The Philadelphia Inquirer The U.S. Department of Housing and Urban Development called Friday for the Philadelphia Housing Authority’s entire five-member board to quit, saying PHA’s “recovery will proceed much faster” [...]

(Source: The Charlotte Observer/ By Kirsten Valle Pittman) – Brian Elkins, who lives two blocks from the house where he grew up in Chantilly, has watched neighbors renovate and sell for big money and developers replace old homes with ones [...]

(Source: The New York Post) –Congress yesterday joined the already long list of government agencies investigating banks and loan servicers over sloppy paperwork and fraudulent signatures used to justify hundreds of thousands of foreclosures. Congressman Elijah Cummings, (D-Md.), launched a [...]

(Source: By Tom Charlier, The Commercial Appeal, Memphis, Tenn.) – In better times, when the housing market was peaking, the Collierville home with the stately columns in front and in-ground pool in back fetched a $410,000 price from a hard-working, [...]

(Source: The Oregonian / by By Brent Hunsberger) – Leslie Woods entered the makeshift cubicle lugging a stack of documents with a white sticky note on top that read: “Mess begins.”

WASHINGTON (Associated Press/AP Online By Alan Fram) – A House committee plans to write legislation next week ending the Obama administration’s flagship effort for helping struggling homeowners avoid foreclosure and abolishing three other housing assistance programs.

(Source: The Honolulu Star-Advertiser / By Andrew Gomes)  – One of every nine homes sold last year in Hawaii was caught up in foreclosure, according to a report that helps measure the impact distressed residential property is having on the [...]

(Source: The Milwaukee Journal Sentinel/ By Paul Gores) – Nearly 14% of all homes sold in Wisconsin last year were foreclosure properties, and they tended to sell for about 35% less than non-foreclosed homes, a report released Thursday shows.

(Source: Chattanooga Times/Free Press) –While the number of at-risk banks late last year was at the highest level in 18 years, banks are getting healthier, the Federal Deposit Insurance Corp.’s chairwoman said here Thursday. “Bank failures will be a lot [...]

(Source: By Julie Manganis, The Salem News, Beverly, Mass.) – SALEM — A business set up by major banks and mortgage lenders to keep track of millions of mortgages across the country as they were bought and sold has cheated [...]