Housing bill gives more to businesses
April 4, 2008
USA Today reports, “A measure billed as boosting the slumping housing market showers money-losing businesses with $25 billion in tax relief in the next few years but offers just $3 billion to homeowners.”
Source: Housing bill gives more to businesses
2 Parties Reach Tentative Deal on Housing Bill
April 3, 2008
The New York Times reports, “Senate Democrats and Republicans reached a tentative deal Wednesday afternoon on a package of legislation to help homeowners facing foreclosure, the majority leader, Senator Harry Reid of Nevada, said.”
Source: 2 Parties Reach Tentative Deal on Housing Bill
Philadelphia Dell East in need of overhaul
March 31, 2008
The Philadelphia Inquirer reports, “The Robin Hood Dell East is unsafe for concerts this summer, and a dilapidated camp for the city’s poorest children should be shut down for good, administration officials told City Council yesterday.”
Source: Philadelphia Dell East in need of overhaul
After a big bang, HUD dustup lingers
March 31, 2008
The Philadelphia Inquirer reports, “After the implosion of Mantua Hall, firefighters sprayed water on the rubble. The Philadelphia Housing Authority has not constructed enough handicap-accessible housing, HUD says.”
Source: After a big bang, HUD dustup lingers
Mortgage Mess: Who Gets Help and Who Pays?
March 31, 2008
The Christian-Science Monitor reports, “The federal government is increasingly focused on how to resolve the US mortgage mess, but the effort means grappling with controversial issues of who should receive help and who will pay for it.”
Source: Mortgage Mess: Who Gets Help and Who Pays?
Plan to Help Homeowners Gains Steam
March 31, 2008
The New York Times reports, “Federal housing agencies are moving closer to a possible plan to help homeowners caught between rising interest rates on their mortgages and falling home prices that preclude selling or refinancing to pay off those debts, officials said Saturday.”
Source: Plan to Help Homeowners Gains Steam
Phila. gets temporary foreclosure freeze
March 27, 2008
The Phila. Business Journal reports, “Philadelphia City Council on Thursday passed a measure calling for a moratorium on home mortgage foreclosures, and the city’s April sheriff’s sales was postponed, City Councilman Curtis Jones Jr. said.”
Source: Phila. gets temporary foreclosure freeze
HUD moves to simplify terms of mortgage loans
March 25, 2008
The Government Indicators Network reports, “Addressing a fundamental cause of bad home loans that are now crippling the national housing market, the Department of Housing and Urban Development on Friday proposed a new standard to force lenders to explain clearly to borrowers, on a single page, the complicated terms of mortgages being offered.”
Source: HUD moves to simplify terms of mortgage loans
Check it out: A community tool library
March 24, 2008
Philly.com reports, “Saturday was the grand opening, and 150 people from the neighborhood and elsewhere in the city passed through the first floor of a rowhouse at 4620 Woodland Ave. to sample food donated by the University of the Sciences and look at what the tool library had to offer.”
Source: Check it out: A community tool library
Fannie Mae Pilot Program Uses Law Firms To Avert Foreclosures
March 24, 2008
KnowledgePlex.org reports, “A Center City law firm that handles mortgage foreclosures for Fannie Mae gets hundreds of calls a day from homeowners facing the loss of their houses.”
Source: Fannie Mae Pilot Program Uses Law Firms To Avert Foreclosures
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