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New Campaign Empowers Long Island Homeowners to Combat Loan Modification Scams in 2010
March 16, 2010 Posted by NeighborWorks
Long Island, NY - March 16, 2010 - (RealEstateRama) — NeighborWorks America today launched the national “Loan Modification Scam Alert Campaign” on Long Island to provide residents facing the possibility of foreclosure with vital information to guard against loan modification scams, find trusted help and report illegal activity to authorities. NeighborWorks Director of National Initiatives and Applied Research Nelson Merced was joined for the announcement by Community Development Corporation of Long Island President and Chief Executive Officer Marianne Garvin, New York State Banking Department Director of Non-Depository Institutions and Consumer Protection Jane Azia, Superintendent of Banks for New York State Richard H. Neiman, New York State Consumer Protection Board Director of Communications and Policy Research Gary Brown, and other local officials.
Foreclosures Weigh on Builder Confidence in March
March 15, 2010 Posted by NAHB
March 15, 2010 - (RealEstateRama) — Builder confidence in the market for newly built, single-family homes fell back two points to 15 in March as poor weather conditions and distressed property sales posed increasing challenges to both builders and buyers, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today
“NEIGHBORHOOD STABILIZATION BOOT CAMP” TO DRAW TOP OFFICIALS FROM 12 CITIES AND THE OBAMA ADMINISTRATION
March 15, 2010 Posted by HUD
As foreclosure crisis worsens, national and local leaders convene to define game-changing solutions for stabilizing hard-hit communities and leveraging Federal funding. BOSTON, MA - March 15, 2010 - (RealEstateRama) — Dozens of local officials from 12 of the regions hit hardest by the housing crisis are meeting at Harvard University March 14 -16 to develop new strategies for stabilizing neighborhoods that experience large numbers of foreclosures.
U.S. FORECLOSURE ACTIVITY DECREASES 2 PERCENT IN FEBRUARY
March 11, 2010 Posted by RealtyTrac
IRVINE, CA - March 11, 2010 - (RealEstateRama) — RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its February 2010 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 308,524 U.S. properties during the month, a decrease of 2 percent from the previous month but still 6 percent above the level reported in February 2009. The report also shows one in every 418 U.S. housing units received a foreclosure filing in February.
SPECIALIZED ASSET MANAGEMENT LAUNCHES PARTNERSHIP WITH REALTYTRAC TO MARKET ITS FORECLOSED PROPERTY LISTINGS
March 2, 2010 Posted by RealtyTrac
Highlands Ranch, CO - March 2, 2010 - (RealEstateRama) — Specialized Asset Management LLC (https://www.samreo.net), a national provider of asset marketing and disposition services to mortgage lenders, servicers, and investors, recently announced that it has partnered with RealtyTrac (www.realtytrac.com), the leading online foreclosure marketplace for default, auction and bank-owned REOs. The partnership gives additional market exposure for foreclosed property listings provided by Specialized Asset Management LLC, displaying them prominently to RealtyTrac’s 3 million unique monthly visitors.
DONOVAN AND REID ANNOUNCE $1.3 MILLION TO HELP LAS VEGAS AND CLARK COUNTY STABILIZE NEIGHBORHOODS GRAPPLING WITH FORECLOSURES
February 25, 2010 Posted by HUD
HUD Deputy Assistant Secretary to hold Background-only conference call with reporters TODAY, Details Below. WASHINGTON, DC - February 25, 2010 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan and Nevada Senator Harry Reid today announced up to $1.3 million in emergency technical assistance to help reverse the effects of foreclosure and abandonment in certain neighborhoods in the City of Las Vegas and Clark County. The unprecedented aid announced today is funded through the American Recovery and Reinvestment Act and is part of the Obama Administration’s plan to help communities hardest hit by the downturn in the housing market.
KEYSTONE ASSET MANAGEMENT PARTNERS WITH REALTYTRAC TO MARKET FORECLOSED PROPERTY LISTINGS
February 24, 2010 Posted by RealtyTrac
LANSDALE, PA - February 24, 2010 - (RealEstateRama) — Keystone Asset Management Inc., a national provider of comprehensive REO, Default Management and Property Valuation Services, recently announced that it has partnered with RealtyTrac Inc., the leading online foreclosure marketplace for default, auction and bank-owned REOs. The partnership gives additional market exposure for foreclosed property listings provided by Keystone Asset Management, displaying them prominently to RealtyTrac’s 3 million unique monthly visitors.
Statement from NLIHC President Sheila Crowley on President Obama’s New Foreclosure Rescue Program
February 22, 2010 Posted by NLIHC
February 22, 2010 - (RealEstateRama) — President Obama announced a plan to provide five states hit hardest by the continuing housing crisis with funds to assist distressed homeowners. Nevada, Arizona, California, Florida and Michigan will share $1.5 billion based on a formula to be created by the Treasury Department. According to the White House announcement, the funds would be able to be used for a variety of activities, including assisting homeowners who have lost their jobs with their mortgage payment, and assisting homeowners in refinancing underwater mortgages.
MBA report shows 1 in 10 mortgages now delinquent or in foreclosure
February 22, 2010 Posted by RealEstateRama
February 22, 2010 - (RealEstateRama) — The Mortgage Bankers Association (MBA) reported today that serious mortgage delinquencies—those at least 90 days past due or in foreclosure—remained at record levels in the fourth quarter of 2009. These latest statistics show that one in 10 borrowers is seriously delinquent on their mortgage, up from one in 16 borrowers a year ago and one in 33 two years ago
Pelosi: ‘President Obama’s Announcement Is Encouraging Step to Help Stabilize Housing Markets’
February 22, 2010 Posted by Speaker Nancy Pelosi
Washington, D.C. - February 22, 2010 - (RealEstateRama) — Speaker Nancy Pelosi released the following statement today on the President Obama’s announcement for funding from the Troubled Asset Relief Program (TARP) to help support homeowners in California, Nevada, Arizona, Florida, Michigan
