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Bank Of America 'Significantly Hindered' Federal Investigation, U.S. Official Says Monday, June 13, 2011 @ 8:47PMNEW YORK -- Bank of America, the largest U.S. bank by assets, "significantly hindered" a federal investigation into the firm's faulty foreclosure practices on potentially billions of dollars worth of taxpayer-backed loans, a federal auditor told an Arizona court.
US Feds sue Deutsche Bank Monday, May 9, 2011 @ 10:25AMThe US govt has sued Deutsche Bank, saying the bank committed fraud using govt programs.
Feds sue Deutsche Bank, alleging mortgage fraud Tuesday, May 3, 2011 @ 11:42PMThe federal government sued Deutsche Bank Tuesday, saying the bank committed fraud and padded its pockets with undeserved income as it repeatedly lied so it could benefit from a government program that insured mortgages.
US sues Deutsche Bank for fraud Tuesday, May 3, 2011 @ 10:50PMTHE US government is suing Deutsche Bank, saying the bank committed fraud and padded its pockets with undeserved income.
U.S. government sues Deutsche Bank, alleging mortgage fraud Tuesday, May 3, 2011 @ 4:45PMNEW YORK — The U.S. federal government sued Deutsche Bank on Tuesday, saying the bank committed fraud and padded its pockets with undeserved income as it repeatedly lied so it could benefit from a government program that insured mortgages.
Federal government sues Deutsche Bank in NYC, alleging it committed mortgage fraud Tuesday, May 3, 2011 @ 12:42PMNEW YORK — The federal government sued Deutsche Bank Tuesday, saying the bank committed fraud and padded its pockets with undeserved income as it repeatedly lied in order to join a government program that insured mortgages.
North Chicago’s first green home an energy saver Monday, April 25, 2011 @ 8:44PMThe new house at 2108 Wallace Ave. looks out of place on a tired street of modest, careworn ranches including a predictable sprinkling of foreclosures.North Chicago’s first green, energy-efficient home should look different. It symbolizes a brighter environmental future, a healthier housing market and the concrete good that results when individuals, business and government work together.Built by ...
Home loan builds in repair costs, backed by government Monday, February 14, 2011 @ 9:32PMShea and Michelle Carlin recently had their eyes on a two-story home with an expansive balcony in Florida.
President Obama's spending plan will hurt local Community Action Agencies Monday, February 14, 2011 @ 2:51PMPresident Obama on Monday unveiled his budget for the 2012 fiscal year, which makes cuts to programs he favors, raises taxes on the rich and spends $1.1 trillion more than the government is expected to take in.The $3.7 trillion budget...
Official endorses return to foreclosures Thursday, October 21, 2010 @ 2:46AMPresident Barack Obama's top housing official said Wednesday that lenders are within their rights to resume foreclosures this month despite allegations that they erred in processing documents. But he said ...
HUD's Donovan on Foreclosures Thursday, October 21, 2010 @ 1:53AMOct. 20 (Bloomberg) -- U.S. Housing and Urban Development Secretary Shaun Donovan talks about the government's probe into home foreclosure practices.
Business Briefs for Oct. 6 Tuesday, October 5, 2010 @ 11:12PMThe NRC said yesterday that the insulation isn't an immediate safety concern. However, the commission said that if material such as insulation became loose inside containment, the flow of water could potentially be blocked during "certain accident scenarios." The commission didn't say what kind of insulation was discovered. A new ...
Democrats speak Frank-ly in Jackson Square Tuesday, October 5, 2010 @ 11:10PMFacing a wave of Republican challengers as the Nov. 2 election looms, top Democrats are touting a $60 million foreclosure...
R.I. receives $6.3M to stabilize neighborhoods hard-hit by foreclosures Thursday, September 9, 2010 @ 9:51AMPROVIDENCE – Rhode Island neighborhoods that were hit hard by the foreclosure crisis have been awarded $6.3 million in funding, said the U.S. Department of Housing and Urban Development on Wednesday.
Ariz. Gets $45M for Foreclosure Relief Wednesday, September 8, 2010 @ 9:04PMArizona is getting a little help when it comes to housing. $45 million is coming our way from the federal government.
Oregon's homeownership program to receive an additional $49.2 million Wednesday, August 11, 2010 @ 8:56PMThough it's months away from awarding a single dollar to struggling homeowners, Oregon's newly established foreclosure-prevention program keeps growing.
US expands anti-foreclosure aid Wednesday, August 11, 2010 @ 4:34PMWASHINGTON - The Obama administration will offer an additional $2 billion in aid under an existing anti-foreclosure program helping people in 17 states (including Ohio) and the District Columbia because they have unemployment rates above the national rate, the government said Wednesday.
More Orlando-area home mortgages permanently modified Thursday, July 22, 2010 @ 10:27AMJuly 22--The number of Orlando-area homeowners able to fight off foreclosure with permanent changes to their mortgages has jumped in the past three months, a new report shows.
Next up: a shift away from home ownership? Wednesday, July 21, 2010 @ 12:16AMThe Obama administration is expected to turn to overhauling the U.S. housing market by focusing more on rental housing and less on homeownership.
Obama's next focus of reform: Housing finance Tuesday, July 20, 2010 @ 11:00PMAfter President Obama signs into law an overhaul of financial regulation at a ceremony set for Wednesday, his administration will turn to reforming an area at the root of the financial crisis: the U.S. housing market. Barack Obama - President - United States - History - Government
Obama's next focus of reform: Housing finance Tuesday, July 20, 2010 @ 11:00PMAfter President Obama signs into law an overhaul of financial regulation at a ceremony set for Wednesday, his administration will turn to reforming an area at the root of the financial crisis: the U.S. housing market.
Obama's next focus of reform: Housing finance Tuesday, July 20, 2010 @ 11:00PMAfter President Obama signs into law an overhaul of financial regulation at a ceremony set for Wednesday, his administration will turn to reforming an area at the root of the financial crisis: the U.S. housing market. United States - Barack Obama - Finance - President - History
Area cities’ foreclosure rates down, county reports Tuesday, July 20, 2010 @ 12:45AMELYRIA — Foreclosures in Lorain County have taken a steep decline of roughly 25 percent, compared to numbers from this time last year, according to Ron Nabakowski, Lorain County clerk of courts.
July 24, FREE "Fix Your Mortgage" Foreclosure Prevention Event At Little Village High School on Chicago's Southwest Side Monday, June 28, 2010 @ 11:22AM----Neighborhood Housing Services of Chicago, Inc.:
Matt Fellowes: The Color of the Mortgage Crisis Friday, June 25, 2010 @ 5:00PMAs the lessons of the mortgage crisis are studied by historians in the coming years, a significant and widely overlooked consequence that will no doubt emerge is how it's set back the economic mobility of minorities in this country.
Q&A with HUD Secretary Shaun Donovan Wednesday, May 19, 2010 @ 12:55PMThe Housing and Urban Development Secretary answered questions at a May 18 Monitor Breakfast about his plan to reallocate up to $1 billion in additional funds to stabilize those neighborhoods that were the hardest hit by the foreclosure crisis.
Mean Street: The White House’s Own Little “Abacus” Deal Wednesday, May 19, 2010 @ 7:57AMIf Goldman Sachs ends up paying a billion dollars as punishment for misleading investors in the Abacus deal, what should Washington pay for misleading the American people?
Feds laud Indio's moves to fight blight Wednesday, May 12, 2010 @ 3:27AMIndio's aggressive push to cope with foreclosed and abandoned homes caught the attention of U.S. Department of Justice officials — in a good way.
New federal aid request for TN Tuesday, May 11, 2010 @ 12:16PMTennessee's congressional delegation has asked President Barack Obama to request funding to help the state "recover from the unprecedented flooding that affected Tennesseans in 52 counties from Memphis to Nashville."
Letters to the Editor Tuesday, May 11, 2010 @ 5:49AMHome Store needs more financial support; Almshouse should be opened to the public; Prayer is the answer during critical times; Hospitals celebrate health, hope and healing
TN dedicates millions Tuesday, May 11, 2010 @ 2:18AMUPDATED: 12:10pm TN appropriates millions for flood relief; Rep. Mike Turner to host community meetings on flood recovery effort; Tennessee's congressmen and senators ask President Obama for funding.
Market Commentary and Intraday News Monday, May 3, 2010 @ 2:45PM(AP:WASHINGTON) Lawyers for former housing secretary Alphonso Jackson said Monday the Justice Department won't prosecute the former Bush administration official and has closed its criminal investigation.
Lawyers say ex-HUD chief won't be charged Monday, May 3, 2010 @ 2:08PMLawyers for former housing secretary Alphonso Jackson said Monday the Justice Department won't prosecute the former Bush administration official and has closed its criminal investigation. The Housing and Urban Development Department secretary left government...
Lawyers say ex-HUD chief won't be charged Monday, May 3, 2010 @ 2:04PMThe Times-PicayuneFormer HUD secretary Alphonso JacksonWASHINGTON -- Lawyers for former housing secretary Alphonso Jackson said today the Justice Department won't prosecute the former Bush administration official and has closed its criminal investigation.The Housing and Urban Development Department secretary left government...
U.S. Offers a Hand to Those on Eviction’s Edge Sunday, April 18, 2010 @ 9:46PMWithout government aid, economists say many formerly middle-class Americans are at risk of slipping into poverty, even as economic conditions improve.
Communities finding it hard to use $4 billion in federal funds for troubled properties Sunday, April 4, 2010 @ 2:14AMLEHIGH ACRES, Fla. — With a use-it-or-lose-it deadline only months away, communities have spent less than half of $4 billion available under a federal program to redevelop abandoned and foreclosed properties.
Foreclosures in Lee County down Thursday, April 1, 2010 @ 5:54PMLee County, Fla - The number of foreclosures in Lee County is now at their lowest levels since 2007. 1,143 homes got foreclosure notices in March. That's down from 1,396 in February and down significantly from 2200 in March of last year.
January home sales up, prices still down Wednesday, February 17, 2010 @ 11:56AMLehigh Valley home sales increased in January compared to their sluggish pace in the same month a year earlier, and prices continued their downward slide, according to Prudential Patt, White Real Estate's HomExpert Market Report.
Suburban homelessness rising Wednesday, February 17, 2010 @ 9:11AMHomelessness in rural and suburban America is straining shelters this winter as the economy founders and joblessness hovers near double digits — a "perfect storm of foreclosures, unemployment and a shortage of affordable housing," in one official's eyes. "We are seeing many families that never before sought government help," said Greg Blass, commissioner of Social Services [...]
Suburban Homeless: Rising Tide of Women, Families Tuesday, February 16, 2010 @ 2:31PMHomelessness in rural and suburban America is straining shelters this winter as the economy founders and joblessness hovers near double digits — a “perfect storm of foreclosures, unemployment and a shortage of affordable housing,” in one official’s eyes. “We are seeing many families that never before sought government help,” said Greg Blass, commissioner of Social Services [...]
HUD fines Timonium broker over ads, puts firm on probation Wednesday, January 27, 2010 @ 8:18AMGreat Oak put on probation, penalized $11,000 Great Oak Lending Partners, a Timonium broker, is being fined $11,000 for what U.S. officials describe as misleading advertising about Federal Housing Administration mortgages.
HUD fines broker over misleading FHA mortgage ads Wednesday, January 27, 2010 @ 7:21AMJan. 27--Great Oak Lending Partners, a Timonium broker, is being fined $11,000 for what U.S. officials describe as misleading advertising about Federal Housing Administration mortgages.
Middlesex County gears up for annual count of homeless residents Tuesday, January 19, 2010 @ 10:53AMMIDDLESEX COUNTY — Getting an accurate estimate of the homeless living in Middlesex County helps ensure maximum government funding to address their needs.
State to get more aid for housing crisis Friday, January 15, 2010 @ 2:25AMMichigan is to get an additional $223.9 million in federal money this year to help deal with the housing crisis.
Mayor angry, Reid disappointed Las Vegas denied more federal aid for foreclosures Thursday, January 14, 2010 @ 2:11PMLas Vegas Mayor Oscar Goodman was angry today about the news that Las Vegas would not be getting any more federal Neighborhood Stabilization Plan funding to help keep neighborhoods besieged by foreclosures from becoming blighted.
Michigan to receive $223 million from HUD Thursday, January 14, 2010 @ 11:08AMMichigan is to get an additional $223.9 million in federal money this year to help deal with the housing crisis.
Michigan to receive $223 million from HUD Thursday, January 14, 2010 @ 11:07AMThe U.S. Housing and Urban Development Secretary Shaun Donovan plans to announce in Detroit today that HUD will award $223 million to Michigan to help deal with the housing crisis.
New grant bolsters Freedom of Information efforts in Missouri Monday, January 4, 2010 @ 1:53PMCOLUMBIA, Mo. (AP) — Groups seeking more government transparency are getting a boost from a new grant. The National Freedom of Information Coalition announced Monday a $2 million grant from the John S. and James L. Knight Foundation.
Mark Miller: Up next in the housing crisis: Strategic default Monday, January 4, 2010 @ 1:12PMThe next big issue is "strategic default" -- homeowners who can afford their payments but walk away from mortgages and accept foreclosure because they're facing financial stress.
18.5 Billion Reasons to Make the Home Buyer Tax Credit Work Monday, January 4, 2010 @ 10:13AMRISMEDIA, January 4, 2010—As part of the government’s high price-tag efforts to rejuvenate the flailing American economy, on November 6, 2009, President Barack Obama signed into law an expansion and extension of the home buyer tax credit. With housing at the…