Mortgage Rescue Scheme to be cut
Tuesday, March 15th, 2011The government is cutting the amount home owners can sell to the council under the Mortgage Rescue Scheme.
Program to Help Prevent Foreclosures Falls Short
Tuesday, March 15th, 2011The Obama administration’s program to help homeowners avoid foreclosure has fallen far short of its goals, in part because the Treasury Department has failed to spell out what its objectives should be, according to an assessment offered to Congress on Wednesday.
Mortgage defaults in California at 3-year low
Tuesday, March 15th, 2011The number of default notices in the second quarter falls 43.8% compared with the same period in 2009. Meanwhile, banks step up repossession of foreclosed homes.
Geithner: U.S. Should Retain a Mortgage Backstop
Tuesday, March 15th, 2011Treasury Secretary Timothy Geithner said Sunday the government should retain “some type” of federal guarantee to ensure that Americans can easily finance home loans, in what could be the latest salvo between the Obama administration and Republicans over the future role of the public sector in the housing market.
Feds put up $1 billion more for mortgage relief
Tuesday, March 15th, 2011Congress has just come up with an extra $1 billion to help people who can’t pay their mortgage because of unemployment or a medical problem.
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