Interest Rate Reductions Good For The Economy But Unresolved Foreclosure Crisis Is Root Of Problem; NCRC Proposes Public Private Partnership To End Foreclosure Crisis

Interest Rate Reductions Good For The Economy But Unresolved Foreclosure Crisis Is Root Of Problem; NCRC Proposes Public Private Partnership To End Foreclosure Crisis
Reserve will have little immediate impact on the growing financial trauma caused by the foreclosure…. But for the millions of borrowers facing foreclosure, interest rate reductions will not improve… the foreclosure crisis. For this reason the National Community Reinvestment Coalition (NCRC) has proposed… that will have an immediate and widereaching impact on the foreclosure crisis. It's time to stop… the burden for ending the foreclosure crisis. HELP Now would use federal funds to purchase
Source: www.communityinvestmentnetwork.org

Foreclosure and Arson? You Have To Be Kidding!
Foreclosure and Arson? You Have To Be Kidding! February 1st, 2008 I read two reports yesterday…one talked about 57% of the people in foreclosure proceedings don’t know that they can work out a program if they know how with their lender. The other report discussed people committing arson to prevent foreclosure. The concept shocked me. I have been around the mortgage business for well over 20 years and I have never come across such a tactic. I have heard about people trashing the house before
Source: mortgage-foreclosure-solutions.com

Kerry: Bill would save homeowners from foreclosure - Wicked Local Brockton
Kerry: Bill would save homeowners from foreclosure Wicked Local Brockton, MA - 2 hours ago By Kyle Alspach Help for homeowners facing foreclosure could be coming as part of the congressional economic stimulus bill, US Sen. … Kerry plan would fund mortgage refinancing Boston Herald all 3 news articles
Source: www.tackleforeclosure.com

Foreclosure Activity Jumps | Today's TMJ4 - Milwaukee, Wisconsin News, Weather, Sports, WTMJ | Business
Foreclosure Activity Jumps Filings Increase 75 Percent in 2007 According to Report IRVINE, Calif. — RealtyTrac has released year-end data from its 2007 U.S. Foreclosure Market Report, which shows a total of 2,203,295 foreclosure filings — default notices, auction sale notices and bank repossessions…. The report also shows that more than 1 percent of all U.S. households were in some stage of foreclosure during the year, up from 0.58 percent in 2006. A total of 215,749 foreclosure filings were reported
Source: www.todaystmj4.com

The latest market actions…..
this morning.   Bankruptcy, foreclosure, and walking away.  Yup, I m betting this will be the next big
Source: www.hikenbike.net

Got some failures to discuss today
debacle, declining home values, rising foreclosure rates and no one's buying furnishings any more. (My…, Montana, Nebraska, New Mexico and Wyoming. [Imagine driving through those states and seeing foreclosure signs on every home…] And for every 1% increase in the foreclosure rate, a neighborhood's
Source: zane.typepad.com

TitusOneNine
with 1,026 (a 514.4 percent increase) and Solano County with 704 (up 528.6 percent). “Foreclosure…, in the Detroit area one out of every 138 homes is in foreclosure at the present time, January 19, 2008… the foreclosure rate, have gone disproportionately to women. Single women have been among the fastest… $450,000 — what a nearby home sold for in foreclosure. She has tried for months to get her loan… The national foreclosure rate for the month was one foreclosure filing for every 555 households
Source: www.kendallharmon.net

CEPR
for ownership units crept back up to its record high. In addition, foreclosure rates soared to yet another… homeownership rate is the lowest since the second quarter of 2002. With the foreclosure rate hitting a new… raise the possibility of a sharp quick correction. Plunging house prices and soaring foreclosure
Source: www.cepr.net

Tags: home equity loan, foreclosure