Monthly Archives: March 2012

Bloomberg: Boom-Era Property Speculators to Get Foreclosure Aid: Mortgages

From Bloomberg – Prashant Gopal: The Obama administration will extend mortgage assistance for the first time to investors who bought multiple homes before the market imploded, helping some speculators who drove up prices and inflated the housing bubble. Click here for full … Continue reading

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L A Times: Program to aid unemployed homeowners provides little relief

From The Los Angeles Times – E. Scott Reckard and Alejandro Lazo: A $7.6-billion federal program to help unemployed homeowners stave off foreclosure has provided little relief two years after being unveiled, with less than $218 million of the money paid … Continue reading

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THE SACRAMENTO BEE: Bills aim to curb unfair foreclosure practices

From THE SACRAMENTO BEE -Rick Daysong: California Attorney General Kamala Harrisjoined state Senate President Pro Tem Darrell Steinberg and Assembly Speaker John Perez to unveil a package of bills designed to curb unfair foreclosure practices. Click here for full article.

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L A Times: Principal reduction isn’t ideal fix for foreclosures, official says

From The Los Angeles Times – Jim Puzzanghera: Reporting from Washington— The regulator over Fannie Mae and Freddie Mac pushed back against mounting pressure that the mortgage finance giants start reducing the principal owed on troubled loans, insisting the practice could hurt taxpayers and that alternatives … Continue reading

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inmanNEWS: Real estate ‘misery’ and the presidential race

From the inmanNEWS: Despite the approach of “Super Tuesday” elections on March 6, it is unlikely that candidates in the Republican presidential primary race will focus much on housing until June, according to real estate search and marketing site Trulia. … Continue reading

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