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In The News

SEPTEMBER 2, 2010

HUD First Look program gives communities first dibs at foreclosed properties

NeighborWorks America's Sarah Greenberg shares details on HUD's new First Look program.

SOURCE: American Public Media

URL: http://marketplace.publicradio.org/display/web/2010/09/01/pm-hud-first-look-program-gives-communities-first-dibs-at-foreclosed-homes/

AUGUST 23, 2010

“NSP Open House” Program to Offer Tucson Homebuyers Access to 35 Foreclosed Homes

Program supports NSP program by providing discounted purchase opportunities and up to 22 percent in down-payment assistance for eligible buyers who have completed homebuyer education.

SOURCE: Forbes

URL: http://www.forbes.com/feeds/businesswire/2010/08/05/businesswire143456010.html

AUGUST 23, 2010

Massachusetts Creates New Protections For Homeowners And Tenants

Comprehensive state initiative will protect tenants in foreclosed buildings and help homeowners facing foreclosure.

SOURCE: Nonprofit Newswire

URL: http://www.nonprofitquarterly.org/index.php

AUGUST 23, 2010

Zillow: Smaller Percentage of Homeowners Underwater in Q2

The numbers of homeowners who owe more on their homes than they are worth decreased during the second quarter; however, home provides are also dropping.

SOURCE: DSNews.com

URL: http://www.dsnews.com/articles/zillow-smaller-percentage-of-homeowners-underwater-in-q2-2010-08-09

AUGUST 23, 2010

FHA Releases More Details on Program Aimed at Upside-Down Borrowers

Enhancements to the Making Home Affordable program will help borrowers maintain homeownership if they are current on their loans but have mortgage amounts higher than the home’s market value.

SOURCE: Mortgage Daily News

URL: http://www.mortgagenewsdaily.com/08082010_fha_underwater_mortgages.asp

AUGUST 23, 2010

NeighborWorks Network Helps Residents Start and Develop Community Gardens

Transforming vacant lots into community gardens and farmer’s markets is a growing trend for NeighborWorks and its affiliates.

SOURCE: NeighborWorks America

URL: http://nw.org/network/newsroom/pressReleases/2010/netNews080610.asp

AUGUST 23, 2010

Housing Bust Opens New Doors for Subsidized Tenants

Empty homes resulting from the overbuilding that took place over the past few years have become affordable rental opportunities for lower income families as landlords look to serve federal rental assistance program Section 8.

SOURCE: Wall Street Journal

URL: http://online.wsj.com/article_email/SB10001424052748703954804575381270905814374-lMyQjAxMTAwMDAwNTEwNDUyWj.html

AUGUST 23, 2010

The Return of the $1,000 Down Mortgage. Fannie Mae and State Housing Agencies Are Offering Little-Money-Down Mortgages. But Why?

“Affordable Advantage” program (initiated by the National Council on State Housing Agencies and Fannie Mae) is now available in Massachusetts, Wisconsin and Idaho and enables eligible buyers to purchase a home with low down payments and 100 percent financing.

SOURCE: The Washington Independent

URL: http://washingtonindependent.com/93795/the-return-of-the-1000-down-mortgage

AUGUST 10, 2010

Fannie Mae Offers Borrowers Hardship Relief

Fannie Mae will ease policies for borrowers facing “unique hardships” which will set a trend for other lenders to follow.

SOURCE: New York Times

URL: http://www.nytimes.com/2010/08/01/realestate/01mort.html

AUGUST 10, 2010

Foreclosures Boom Among Nation’s Most Creditworthy

Homeowners with decent credit are starting to fall to foreclosure amid economic crisis and unemployment woes.

SOURCE: USA Today

URL: http://www.usatoday.com/money/economy/housing/2010-07-29-foreclosures29_ST_N.htm

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