Half of all troubled homeowners face foreclosure only six months after lenders reduce their monthly mortgage payments, said a top banking regulator when commenting on the state of the housing crisis (“Homeowners Re-defaulting After Getting Aid,” Reuters, Dec. 8, 2008). (more…)

Popularity: 4% [?]

Home loan delinquencies all across the country are skyrocketing, even in the nation’s largest city, New York, where the number of home loan defaults is only projected to get worse, reports NYDailyNews.com (“Late Bills Soaring in City: Debts Rise on Credit Cards, Auto Loans,” Dec. 3, 2008). (more…)

Popularity: 7% [?]

Fannie Mae and Freddie Mac, the nation’s two largest mortgage holders, have announced that they’re temporarily suspending evictions and foreclosures during the holidays, reports BusinessWeek (“Freddie Mac and Fannie Mae Planning a Foreclosure Holiday,” Nov. 20, 2008). (more…)

Popularity: 3% [?]