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AG Coakley Highlights Efforts to Address Foreclosure Crisis
BOSTON - April 29, 2014 - (RealEstateRama) -- On the second anniversary of the first-in-the-nation foreclosure prevention program HomeCorps, Attorney General Martha Coakley once again urged Fannie Mae and Freddie Mac to engage in principal reduction as a means to keeping people in their homes. AG Coakley also released the report Rebuilding the Commonwealth: Recovering from the Foreclosure Crisis and Setting the Foundation for Future Success , offering a transparent record of the actions taken during the crisis and documenting the ways more than $850 million was recovered and provided to Massachusetts homeowners and investors since 2007
MBA Sends Letters to FHFA on Eminent Domain
WASHINGTON, D.C. - September 7, 2012 - (RealEstateRama) -- MBA sent a letter to the Federal Housing Finance Agency's (FHFA) General Counsel Alfred Pollard in response to the agency's request for input concerning proposals in California and elsewhere to utilize eminent domain powers to refinance performing, underwater mortgages. In the letter, MBA's President and CEO David H. Stevens concurs with FHFA's own comment that, "utilizing eminent domain in this way could undermine and have a chilling effect on the extension of credit" to prospective homeowners and investors
