Principal Reductions Won't Solve the Mortgage Mess - Bloomberg

Principal Reductions Won't Solve the Mortgage Mess Bloomberg Targeted Federal Help Targeting principal reduction to the 20 percent of underwater borrowers with delinquent Fannie and Freddie loans (approximately 600000 in total) does have the potential to prevent some foreclosures, but at far too high a price. and more »

Lenders less leery of reducing homeowners' principal - The Republic

Lenders less leery of reducing homeowners' principal The Republic In addition, Fannie Mae and Freddie Mac, the government-backed mortgage giants that control the majority of mortgages in the state, will now allow loans to be paid down by the California program. Before, when a lender contribution was required, ... and more »

Bank settlement funds must go to intended target - Bakersfield Californian

Bank settlement funds must go to intended target Bakersfield Californian The money was intended to fund counseling and legal services to help homeowners prevent foreclosure or obtain loan modifications. But according to his revised budget, released this week, Gov. Jerry Brown wants the money to plug a budget deficit that ... and more »

War On Banks Spreads To City Hall - Investor's Business Daily

War On Banks Spreads To City Hall Investor's Business Daily They'll also have to stop foreclosures on previous bad loans and vow to open new branches in urban neighborhoods. New York and Los Angeles officials who voted for the laws say they're trying to "build on the Community Reinvestment Act." This is the ... and more »

LACCA home fair one of many services agency offers - LimaOhio.com

LACCA home fair one of many services agency offers LimaOhio.com With the financial assistance, he stopped paying $500 a month for a one-bedroom apartment and bought a house. LACCA is hoping to reach even more people and publicize all its home programs with a “Welcome Home Fair” from 10 am to 2 pm Thursday at ...