http://www.bankersforeclosures.com Sun, 05 Feb 2012 10:40:11 +0000 en hourly 1 Slow going for covered bond legislation http://www.bankersforeclosures.com/slow-going-for-covered-bond-legislation/ http://www.bankersforeclosures.com/slow-going-for-covered-bond-legislation/#comments Sun, 05 Feb 2012 10:40:11 +0000 admin http://www.bankersforeclosures.com/slow-going-for-covered-bond-legislation/

The latest legislation looking to establish a regulatory framework for a U.S. covered bond system to finance mortgages is being bogged down due to conflicts in the tax code.

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]]> http://www.bankersforeclosures.com/slow-going-for-covered-bond-legislation/feed/ 0 Illinois to use another $55 million to rehab vacant homes http://www.bankersforeclosures.com/illinois-to-use-another-55-million-to-rehab-vacant-homes/ http://www.bankersforeclosures.com/illinois-to-use-another-55-million-to-rehab-vacant-homes/#comments Sun, 05 Feb 2012 04:41:14 +0000 admin http://www.bankersforeclosures.com/illinois-to-use-another-55-million-to-rehab-vacant-homes/

The state of Illinois will launch a $ 55 million pilot program to finance the rehabilitation of previously foreclosed homes and help potential homebuyers purchase them.

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]]> http://www.bankersforeclosures.com/illinois-to-use-another-55-million-to-rehab-vacant-homes/feed/ 0 New FHA standards will increase Ginnie Mae prepayment risk http://www.bankersforeclosures.com/new-fha-standards-will-increase-ginnie-mae-prepayment-risk/ http://www.bankersforeclosures.com/new-fha-standards-will-increase-ginnie-mae-prepayment-risk/#comments Sat, 04 Feb 2012 22:40:10 +0000 admin http://www.bankersforeclosures.com/new-fha-standards-will-increase-ginnie-mae-prepayment-risk/

The Federal Housing Administration’s recently announced plans to tighten its standards for approving lenders will increase prepayment risks for investors who own Ginnie Mae-back securities, analysts at Barclays Capital say.

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]]> http://www.bankersforeclosures.com/new-fha-standards-will-increase-ginnie-mae-prepayment-risk/feed/ 0 TEMPORARY DISASTER PROGRAM FOR VICTIMS OF HURRICANES IKE AND GUSTAV TODAY – REMAINING FAMILIES GIVEN MORE TIME TO TRANSITION http://www.bankersforeclosures.com/temporary-disaster-program-for-victims-of-hurricanes-ike-and-gustav-today-remaining-families-given-more-time-to-transition/ http://www.bankersforeclosures.com/temporary-disaster-program-for-victims-of-hurricanes-ike-and-gustav-today-remaining-families-given-more-time-to-transition/#comments Sat, 04 Feb 2012 19:29:15 +0000 admin http://www.bankersforeclosures.com/temporary-disaster-program-for-victims-of-hurricanes-ike-and-gustav-today-remaining-families-given-more-time-to-transition/ WASHINGTON – A rental assistance program that temporarily housed nearly 20,000 families who were displaced by Hurricanes Ike and Gustav in 2008 officially ends today with only 3,500 households still enrolled in the program. To help these families find permanent housing solutions, the U.S. Department of Housing and Urban Development (HUD) will provide $ 28 million to convert eligible families to its Housing Choice Voucher (HCV) program. ]]> http://www.bankersforeclosures.com/temporary-disaster-program-for-victims-of-hurricanes-ike-and-gustav-today-remaining-families-given-more-time-to-transition/feed/ 0 HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR UTAH STORM VICTIMS http://www.bankersforeclosures.com/hud-secretary-announces-disaster-assistance-for-utah-storm-victims/ http://www.bankersforeclosures.com/hud-secretary-announces-disaster-assistance-for-utah-storm-victims/#comments Sat, 04 Feb 2012 13:29:25 +0000 admin http://www.bankersforeclosures.com/hud-secretary-announces-disaster-assistance-for-utah-storm-victims/ WASHINGTON-U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Utah and provide support to homeowners and low-income renters forced from their homes following severe storms in November and December. ]]> http://www.bankersforeclosures.com/hud-secretary-announces-disaster-assistance-for-utah-storm-victims/feed/ 0 HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR ALABAMA STORM VICTIMS http://www.bankersforeclosures.com/hud-secretary-announces-disaster-assistance-for-alabama-storm-victims/ http://www.bankersforeclosures.com/hud-secretary-announces-disaster-assistance-for-alabama-storm-victims/#comments Sat, 04 Feb 2012 07:28:39 +0000 admin http://www.bankersforeclosures.com/hud-secretary-announces-disaster-assistance-for-alabama-storm-victims/ WASHINGTON-U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Alabama and provide support to homeowners and low-income renters forced from their homes following severe storms, straight-line winds and flooding last month. ]]> http://www.bankersforeclosures.com/hud-secretary-announces-disaster-assistance-for-alabama-storm-victims/feed/ 0 39 Republican senators challenge Cordray CFPB recess appointment http://www.bankersforeclosures.com/39-republican-senators-challenge-cordray-cfpb-recess-appointment/ http://www.bankersforeclosures.com/39-republican-senators-challenge-cordray-cfpb-recess-appointment/#comments Sat, 04 Feb 2012 04:40:23 +0000 admin http://www.bankersforeclosures.com/39-republican-senators-challenge-cordray-cfpb-recess-appointment/

A group of 39 republican senators filed an amicus brief to join a court challenge of the Consumer Financial Protection Bureau director recess appointment.

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]]> http://www.bankersforeclosures.com/39-republican-senators-challenge-cordray-cfpb-recess-appointment/feed/ 0 HUD ANNOUNCES ADDITIONAL $31.5 MILLION TO FUND HOUSING FOR VERY LOW-INCOME SENIORS http://www.bankersforeclosures.com/hud-announces-additional-31-5-million-to-fund-housing-for-very-low-income-seniors/ http://www.bankersforeclosures.com/hud-announces-additional-31-5-million-to-fund-housing-for-very-low-income-seniors/#comments Sat, 04 Feb 2012 01:29:33 +0000 admin http://www.bankersforeclosures.com/hud-announces-additional-31-5-million-to-fund-housing-for-very-low-income-seniors/ WASHINGTON – Hundreds of very low-income senior citizens will have access to affordable supportive housing thanks to $ 31.5 million in housing assistance announced today by the U.S. Department of Housing and Urban Development (HUD). The funding announced today (see attached list) will help non-profit organizations in five states produce additional accessible housing, offer rental assistance, and facilitate supportive services for the elderly. ]]> http://www.bankersforeclosures.com/hud-announces-additional-31-5-million-to-fund-housing-for-very-low-income-seniors/feed/ 0 NY loans weigh down multifamily CMBS performance http://www.bankersforeclosures.com/ny-loans-weigh-down-multifamily-cmbs-performance/ http://www.bankersforeclosures.com/ny-loans-weigh-down-multifamily-cmbs-performance/#comments Fri, 03 Feb 2012 22:40:26 +0000 admin http://www.bankersforeclosures.com/ny-loans-weigh-down-multifamily-cmbs-performance/

Multifamily loans backing commercial mortgage-backed securities are performing better than expected, but remain weighed down by the influence of rent-stabilized properties in New York, a Fitch Ratings report said Friday.

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]]> http://www.bankersforeclosures.com/ny-loans-weigh-down-multifamily-cmbs-performance/feed/ 0 Unemployment rate falls to 8.3% http://www.bankersforeclosures.com/unemployment-rate-falls-to-8-3/ http://www.bankersforeclosures.com/unemployment-rate-falls-to-8-3/#comments Fri, 03 Feb 2012 16:41:40 +0000 admin http://www.bankersforeclosures.com/unemployment-rate-falls-to-8-3/

The economy added 243,000 jobs in January and the unemployment rate fell to 8.3%, the lowest level since February 2009.

 

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