Sep 14th 2011 4:45PM
The Obama administration on Wednesday unveiled a new TV advertisement for its anti-foreclosure programs. The spot shows stone-faced homeowners immobilized by trouble with their mortgage payments. A woman stands motionless on her lawn, morning newspaper in hand as the sprinklers spray her bathrobe. A man stares blankly... Continue Reading »
Aug 23rd 2010 2:30PM
While experts predict that the rate of foreclosures in 2010 will exceed those in 2009, there is some good news. RealtyTrac, an Irvine, Calif.-based data company, reported that the foreclosure rate dropped by about 5 percent during the first half of 2010. Still, in the first quarter of the year, one in seven mortgages was... Continue Reading »
Dec 7th 2009 2:00PM
Last February, President Barack Obama promised to help 9 million homeowners stay in their homes. How many have been helped today? Only about 650,000 have been offered trial modifications and a small percentage of those received permanent modifications. No numbers have been released about how many got help with... Continue Reading »
