Posts tagged foreclosure

• Senate Approves Compromised Housing Bill

  Paul Kiesel | May 20, 2008 9:11 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  The Senate Banking Committee approved legislation earlier today to help hundreds of thousands of homeowners in danger of foreclosure by expanding the availability of government-insured...

• The Paradoxical FHASecure Program

  Paul Kiesel | May 19, 2008 4:54 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  According to an article, "Need a Better Mortgage? Call Uncle Sam," on CNNMoney.com today, FHASecure, a Bush touted foreclosure prevention program, has helped over 200,000 homeowners remain in their homes. However, when one looks at the statistics closely, only 3000 homeowners -- according to the FHA -- were in "imminent" danger of losing their homes. In fact, a majority of the 200,000 homeowners helped by FHASecure were current on their payments and wanted to refinance out of high-cost loans. So the program is helping people who would receive help otherwise?

• Secretary Paulson is Optimistically Pessimistic

  Paul Kiesel | May 16, 2008 5:07 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Treasury Secretary Henry Paulson does not predict that the housing market will rebound anytime soon. Instead of trying to come up with new plans to combat the foreclosure crisis, and curb the...

• Foreclosureville

  Paul Kiesel | May 12, 2008 3:22 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  From 2000-2006, Lincoln, California was the fastest growing suburb in the U.S. In seven years the town's population went from 11,000 to 40,000 residents. The town's motto: a small community with big...

• Congressman Barney Frank on Newshour

  Paul Kiesel | May 09, 2008 6:40 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Yesterday, on PBS' Newshour, Congressman Barney Frank debated Congressman Tom Price (R-Roswell) on the issues surround the latest housing bill that passed the House vote earlier in the day. During...

• Another TILA Victim

  Paul Kiesel | May 09, 2008 5:12 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  Below is an excerpt from a Seattle Post-Intelligencer article from earlier this morning that relates the story of another borrower who was taken advantage of via TILA documents. Nancy was a...

• 10 Housing Markets That Will See More Losses

  Paul Kiesel | May 08, 2008 3:15 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  According to housing statistics released by Money Magazine, below is a list of ten housing markets that are expected to see the most severe losses over the next 12 to 18 months. The trends show a...