News
Foreclosures

Governor Quinn Announces Plan to Revitalize Vacant, Foreclosed Homes in Six Communities

BERWYN, IL – February 8, 2012 – (RealEstateRama) — Governor Pat Quinn was joined today by Cook County Board President Toni Preckwinkle and six Cook County mayors to announce a new initiative to return vacant, foreclosed properties to productive use. A…

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OBAMA ADMINISTRATION RELEASES JANUARY HOUSING SCORECARD

WASHINGTON, DC – February 7, 2012 – (RealEstateRama) — The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the January edition of the Obama Administration’s Housing Scorecard – a comprehe…

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Governor Quinn Announces Illinois Foreclosure Prevention Network

CHICAGO, IL – February 2, 2012 – (RealEstateRama) — As part of his commitment to affordable housing and foreclosure prevention, Governor Pat Quinn today announced the launch of the statewide Illinois Foreclosure Prevention Network (IFPN) in his Stat…

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VA’s Home Loan Program Continues to Lead Mortgage Industry

WASHINGTON, DC – January 31, 2012 – (RealEstateRama) — Home loans guaranteed by the Department of Veterans Affairs continue to have the lowest serious delinquency and foreclosure rates in the mortgage industry. Veterans have also taken advantage of t…

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HUD AWARDS $20 MILLION IN TECHNICAL ASSISTANCE TO HELP LOCAL COMMUNITIES STABILIZE NEIGHBORHOODS HARD-HIT BY FORECLOSURE

WASHINGTON, DC – January 31, 2012 – (RealEstateRama) — The U.S. Department of Housing and Urban Development today awarded $20 million in technical assistance funding to 12 organizations that will, in turn, help local communities across this country st…

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The State of Homelessness in America Report Suggests Risk of Homelessness Persists for Many American Families

WASHINGTON, D.C. – January 25, 2012 – (RealEstateRama) — Despite a slight decrease in the overall number of people experiencing homelessness, indicators suggest that homelessness may affect more and more Americans in the coming years. In a report to b…

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Chesapeake Men Indicted for Foreclosure Rescue Scheme

NORFOLK, VA – January 25, 2012 – (RealEstateRama) — Philip Villasis, age 41, and Ray D. Gata, age 56, both of Chesapeake, Va., were indicted by a Norfolk federal grand jury on nine charges including conspiracy to commit wire fraud, wire fraud, and mon…

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OHFA Announces Changes to the State’s Foreclosure Prevention Program

COLUMBUS, OH – January 24, 2012 – (RealEstateRama) — In an effort to assist more Ohioans at risk of mortgage loan default or foreclosure, the Ohio Housing Finance Agency (OHFA) recently announced new changes to the state’s foreclosure prevention progr…

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Menendez, Representatives Call on GAO To Report on Foreclosure Reviews

WASHINGTON, DC – January 24, 2012 – (RealEstateRama) — As Chairman of the Senate Subcommittee on Housing, Transportation and Community Development, Senator Robert Menendez (D-NJ) along with Representatives Maxine Waters (D-CA), Brad Miller (D-NC) and …

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AG Settlement: Not Perfect, but Significant Reform of Mortgage Servicing

Washington, D.C. – January 24, 2012 – (RealEstateRama) — Based on what we’ve heard, the settlement between major banks and states’ Attorneys General (AGs), the federal Department of Housing and Urban Development, and the Department of Justice would …

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