Government Archive


More than 600 Foreclosure Counselors to Be Trained in Foreclosure Intervention

Monday, May 5th, 2008
RISMEDIA, May 6, 2008-NeighborWorks(r) America, the nation's leading non-profit organization developing solutions, partnerships and trained counselors to combat the rising level of foreclosure, is hosting a national symposium on neighborhood stabilization at its NeighborWorks Training Institute this week. Speakers include Federal Reserve Board Governor Randall S. Kroszner and FDIC Director ...


Buyers with Spotty Credit Could Benefit from FHA Loan

Thursday, May 1st, 2008
By Mathew Padilla ...


Bernardi Highlights Solutions to Save Homeowners from Foreclosure

Wednesday, April 30th, 2008
RISMEDIA, May 1, 2008-The Bush Administration has put in place solutions to help American families stay in their homes and avoid foreclosure, U.S. Department of Housing and Urban Development Deputy Secretary Roy A. Bernardi said this week. Delivering the keynote address at the Federal Home Loan Banks Annual Directors Conference, ...


A Key to Help Congress Solve the Housing and Foreclosure Crisis

Thursday, April 24th, 2008
RISMEDIA, April 25, 2008-The CMPS Institute has just sent Congress a detailed proposal calling for government-backed loans to homeowners of up to 20% of the homeowner's current mortgage balance."Negative homeowner equity is the one root problem that Congress can help solve," said Gibran Nicholas, Chairman of the CMPS Institute, an ...


Bush Administration to Expand Mortgage Help for Struggling Families

Friday, April 11th, 2008
RISMEDIA, April 14, 2008-The Bush Administration announced additional mortgage assistance for subprime borrowers who are at risk of foreclosure. The plan, which is designed to help address the adverse economic conditions affecting many communities across America, will help break the cycle of house price depreciation that is being caused by ...


Builders Tell Congress Housing Finance System Reform Vital For Housing and Economy

Thursday, March 6th, 2008
RISMEDIA, March 7, 2008-To help bolster a faltering housing market, the National Association of Home Builders (NAHB) called on Congress to move quickly to enact comprehensive regulatory reform for housing government sponsored enterprises (GSEs) Fannie Mae, Freddie Mac, and the Federal Home Loan Banks that will ensure their financial safety ...


FTC Charges Mortgage Foreclosure ‘Rescuers’ with Deceiving Homeowners

Friday, February 29th, 2008
RISMEDIA, March 3, 2008-In an ongoing effort to crack down on businesses that prey upon homeowners facing foreclosure, the Federal Trade Commission has charged six businesses and three individuals with violating the Home Ownership and Equity Protection Act (HOEPA), the FTC Act, and the Truth in Lending Act (TILA) by ...


Can They Break the Deadlock? NAHB and The Financial Services Roundtable Join Forces

Thursday, January 17th, 2008
RISMEDIA, Jan. 18, 2008-The National Association of Home Builders (NAHB) and Housing Policy Council (HPC) of The Financial Services Roundtable joined forces today in taking a leadership role to break the deadlock in Congress over regulatory oversight reform of the housing government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. ...


Votes to Extend Mortgage Insurance Tax Deductibility for New Home Loans Through 2010

Thursday, December 20th, 2007
RISMEDIA, Dec. 21, 2007-The U.S. House of Representatives voted to help many troubled homeowners and potential home buyers looking for an affordable mortgage, making mortgage insurance premiums tax deductible for all mortgages originated for the next three years. The Senate passed this legislation last week by unanimous consent. Mortgage insurance ...


Anti-Predatory Lending Bill Jumpstarts Crystal Ball into Mortgage Mayhem

Thursday, December 13th, 2007
RISMEDIA, Dec. 14, 2007-Kieran P. Quinn, CMB, chairman of the Mortgage Bankers Association (MBA) expressed concerns about "The Homeownership Preservation and Protection Act of 2007," legislation introduced by U.S. Senator Christopher Dodd (D-CT), Chairman of the Senate Banking Committee.Quinn issued the following statement: ...


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