Archive for September, 2009

Half of loan modifications made in first six months of 2008 fell into trouble again in a year (The Canadian Press via Yahoo! Canada News)

Wednesday, September 30th, 2009 at 1:42 pm  
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WASHINGTON - U.S. lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again.

Senate Democrats Offer Measure Limiting Foreclosures (Update1) (Bloomberg)

Wednesday, September 30th, 2009 at 1:31 pm  
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Sept. 30 (Bloomberg) -- Senate Democrats introduced legislation that would expand federal loan-modification programs to more borrowers and place new restrictions on U.S. lenders before they can foreclose on delinquent homeowners.

Foreclosure Rate Up 17 Percent (Washington Post)

Wednesday, September 30th, 2009 at 9:43 am  
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Jump comes despite extensive federal program aimed at helping borrowers stay in their homes.

Foreclosure Rate Up 17 Percent (Washington Post)

Wednesday, September 30th, 2009 at 9:43 am  
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Jump comes despite extensive federal program aimed at helping borrowers stay in their homes.

Federal Home Loan Bank of Dallas Allocates An Additional $2 Million to Assist Special Needs Households and First-Time … (GlobeNewswire via Yahoo! Finance)

Wednesday, September 30th, 2009 at 8:41 am  
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DALLAS -- The Federal Home Loan Bank of Dallas is pleased to announce it has approved $1.5 million for the Homebuyer Equity Leverage Partnership II program and $500,000 for the Special Needs Assistance Program II .