Advocacy key to Philadelphia foreclosure plan
April 17, 2008
The Inquirer reports, “A Philadelphia program introduced yesterday to reduce the number of mortgage-foreclosure sales highlights the strength of the city’s consumer-advocacy community, according to several experts.”
Source: Advocacy key to Philadelphia foreclosure plan
March housing starts at 17-year low
April 17, 2008
The Inquirer reports, “New-home starts fell 11.9 percent in March from February to an annual rate of 947,000 homes - the fewest number of starts since March 1991, the department reported.”
Source: March housing starts at 17-year low
Rate of Home Foreclosures Expected To Get Worse
April 17, 2008
USA Today reports, “The nation’s already alarming pace of home foreclosures is poised to accelerate through the rest of the year, according to RealtyTrac, which reported Tuesday that foreclosure filings jumped 57% in March from March 2007.”
Source: Rate of Home Foreclosures Expected To Get Worse
Philadelphia devises program to stem foreclosures
April 16, 2008
The Inquirer reports, “Philadelphia judges, advocates for borrowers, and attorneys for lenders have developed a pilot program they hope will slash the number of mortgage-foreclosure sales in the city.”
Source: Philadelphia devises program to stem foreclosures
Big tax hikes on some city homes
April 10, 2008
The Inquirer reports, “Owners of hundreds of mostly high-end homes in Philadelphia - some of whom have been getting breaks for years - are about to be hit with higher bills.”
Source: Big tax hikes on some city homes
Phila.’s foreclosure moratorium will not extend to May
April 10, 2008
The Phila. Business Journal reports, “The moratorium on home mortgage foreclosures in Philadelphia will not extend past this month and will be replaced by a system designed to help borrowers, the Philadelphia Common Pleas Court said Wednesday.”
Source: Phila.’s foreclosure moratorium will not extend to May
Housing Aid Advancing in Congress
April 10, 2008
The New York Times reports, “Congress and the Bush administration clashed on Wednesday over how best to help homeowners in danger of foreclosure but seemed to unite around the need for additional government action.”
Source: Housing Aid Advancing in Congress
Phila. plan would spare homeowners facing foreclosure
April 9, 2008
The Philadelphia Inquirer reports, “Philadelphia will not impose a moratorium on foreclosure sales, but it will slow the legal process to try to help borrowers avoid the loss of their homes, Common Pleas Court President Judge C. Darnell Jones II said yesterday.”
Source: Phila. plan would spare homeowners facing foreclosure
Senate panel hears testimony of predatory home loans in Philadelphia
April 8, 2008
The Daily News reports, “When Yajaira Cruz-Rivera and her husband sat down to close on a home loan more than three years ago, she was confident they wouldn’t be victimized by a predatory lender.”
Source: Senate panel hears testimony of predatory home loans in Philadelphia
Housing Bill to Get Vote in Senate
April 7, 2008
The New York Times reports, “The Senate majority leader, Harry Reid of Nevada, moved Friday to end debate on a bipartisan housing bill intended to aid homeowners in danger of foreclosure and help stabilize the wider real estate market. Mr. Reid’s action set the stage for final action on the bill next Tuesday.”
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