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In The News

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

AUGUST 10, 2010

Cleveland Housing Judge Raymond Pianka requiring negligent property owners to pay victim restitution to neighbors

Absentee property owners will soon have to pay neighboring property owners for economic losses caused by neglect of properties lost to foreclosure

SOURCE: Cleveland.com

URL: http://blog.cleveland.com/metro/2010/08/cleveland_housing_judge_requir.html

AUGUST 10, 2010

Tax eyed to clean up abandoned properties

City attorney suggests taxing foreclosed properties that need cleanup by adding the costs to the owner’s tax bill.  Read more

SOURCE: Miami Herald

URL: http://www.miamiherald.com/2010/08/01/1755846/tax-eyed-to-clean-up-abandoned.html

AUGUST 6, 2010

Bank Reform Brings Mortgage Aid for the Unemployed: New law includes funds for foreclosure prevention, rehab or abandoned homes

Financial reform legislation signed by President Obama provides $1 billion to the emergency homeowners’ relief fund, supporting unemployed homeowners who are having trouble making their mortgage payments.

SOURCE: The Wall Street Journal: Market Watch, 7/22/10

URL: http://www.marketwatch.com/story/bank-reform-brings-mortgage-aid-for-the-unemployed-2010-07-22

AUGUST 6, 2010

Need a Mortgage? Don’t Get Pregnant

Mortgage lenders are taking a closer look at potential borrowers and requiring guaranteed income which is impacting parents who are on leave caring for a baby. Read more.

SOURCE: New York Times, 7/19/10

AUGUST 6, 2010

New Orleans City Councilmember Joins Neighborhood Housing Services to Release Data from 2010 Property Survey in the Freret/Milan Neighborhood

“Fight the Blight” party gathered neighbors and government officials to go over data related to blighted properties and strategies to address them. Read more from NOLA City Council.

SOURCE: www.nolacitycouncil.com, 7/23/10

AUGUST 6, 2010

Foreclosure Rise in Three-Fourths of U.S. Cities in 2010

Article outlines foreclosure increases in 154 out of 206 metropolitan areas in the US. Read more.

SOURCE: HousingWire, 7/28/10

AUGUST 6, 2010

Localities, states scramble to spend foreclosure relief aid

“Use-it-or-lose-it” spending deadlines are forcing NSP grantees to quickly purchase foreclosed and abandoned properties. Read more.

SOURCE: USA Today, 7/28/10

JULY 27, 2010

Neighborhood Stabilization Participants Get First Look at FHA REO

New plan allows nonprofits to use NSP funds to purchase FHA properties. Read more.

SOURCE: Mortgage News Daily, 7/19/10

JULY 27, 2010

Homelessness: Focus Shifts to Shelters with Integrated Wellness Services

Read about new approaches to addressing homelessness. Read more.

SOURCE: Mortgage Daily News, 7/19/10

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