Neighborhood Stabilization Programs to Get Discounts on REO Properties
HUD announced earlier this week that it will be providing discounts on REO properties to state and local governments and non-profit organizations during the already-established “First Look” viewing...
View ArticleFannie Mae: Investors Do Not Merit “Priority Consideration”
Along with the announcement that its “First Look” program has generated nearly 35,000 home sales since its inception last year, Fannie Mae VP for Alternative REO Dispositions Jay Ryan took a minute to...
View ArticleHAMP, Other Federal Anti-Foreclosure Programs in the Crosshairs in New...
Given that special inspector general Neil Barofsky is currently busy blaming HAMP in large part for his decision to step down from his post, you might not think that anyone would really miss the...
View ArticleHAMP Survives First Round of Cuts, Two Other Programs Do Not
Republicans proposed cutting four foreclosure relief programs in their new budget (read this coverage here). After all was said and done, two programs ultimately got the axe (or at least are up for...
View ArticleHouse Nixes FHA Short Refi Program
In a 256 to 171 vote yesterday, the U.S. House of Representatives passed the FHA Refinance Program Termination Act (HR 830)[1]. Ultimately, one Republican voted against the bill and 18 Democrats voted...
View ArticleHUD Speaks Out in Defense of HAMP, Foreclosure Prevention
Over the past few weeks Republicans in Congress have led efforts to eliminate four foreclosure alternative and prevention plans, saying that they are doing more harm than good. Many experts agree with...
View ArticleNew Bill Aims to Defuse Termination of Federal Foreclosure Programs
In an effort to ameliorate the impact of the potential termination of federal foreclosure programs by bills recently passed in the House of Representatives, Steve Cohen (D-TN), has proposed a bill...
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