Fannie Mae and Freddie Mac owned more than 131,000 properties between them at the end of 2009, according to annual filings.
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The Obama administration will offer homeowners $1,500 to sell for less than the mortgage balance.
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A city agency and nonprofit groups build or rehabilitate moderate-income housing, then scrutinize buyers’ credit. And they avoid the national foreclosure crisis.
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Slowly, signs of confidence are returning to the region’s housing market. But there are at least three significant bumps on the road to recovery.
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Susan J. Parker is a process server, and while she has seen some people at their worst, she has also seen good manners and even relief.
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President Obama’s plan to prevent foreclosures in five states hard hit by the housing bust must be carried out quickly and should set the pace for a national program.
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The proposal would differ from the current practice, which strongly encourages lenders to evaluate defaulting borrowers for a modification but does not make it mandatory.
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Appaloosa Management is challenging the company overseeing the complexes on behalf of lenders, saying the company’s actions could cost debt holders hundreds of millions of dollars.
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Mortgage Bankers called the fourth quarter a crucial turning point for housing. Still, the percentage of loans in foreclosure rose.
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Falling prices for market-rate units has left city-subsidized ones looking like less of a deal.
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