Posts Tagged With: foreclosures
Phoenix Banks, Habitat Cut Foreclosure-home List
Banks have faced criticism from homeowners and scrutiny from Congress over their handling of the foreclosure crisis. But some Valley lenders are making a small dent in the state’s foreclosure inventory by helping non-profit organizations like Habitat for Humanity Central Arizona take bank-owned homes off the market. Habitat provides low- to moderate-income families with credit &hellip Continue reading
Handling of Foreclosures
More censure for handling of foreclosures Bankers, housing regulators and members of Congress agreed on this much in the week’s second congressional hearing on foreclosure problems: The system needs fixing. Some bank officials Thursday told a House subcommittee that their efforts to help borrowers in default were stymied by investors who require that foreclosures keep &hellip Continue reading
Foreclosure Moratorium: Latest in the Foreclosure Debate
Foreclosure Moratorium: Latest in the Debate By Robert Freedman, Senior Editor, REALTOR® Magazine About half a dozen articles and editorials have come out in the last two days cautioning against the federal government imposing a national moratorium on foreclosures while banks review their processes. They’re summarized here for informational purposes only. The Politics of Foreclosure, &hellip Continue reading