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Tag Archives: HUD

Homeowners Recover 13.5 Percent of Lost Equity Through Q3

Rising home values have brought homeowner equity to its highest level since the third quarter of 2008 and helped lift 1.3 million families above water. Homeowner equity jumped $406 billion, or 5.9 percent, to $7,275 billion in the second quarter of 2012, according to the Obama Administration's September Housing Scorecard. Read More »

Housing Counseling Agencies Advance as Major Players in Real Estate Market

The government finds itself in the throes of a major housing crisis and asks, “What works? What doesn’t work?” Recent studies prove homebuyers working with housing counseling agencies are less likely to suffer foreclosure than buyers who go it alone. Homeowners working with housing counseling agencies are more likely to win a loan modification than borrowers making other choices. The government responds with a record 22% increase over last year’s federal funding in 2011. Read More »

Foreclosure: Crafting Graceful Exit Options and Recovery Strategies

“Not since the Great Depression has an economic downturn and the accompanying foreclosure crisis left so many lives in ruins. How can individuals and families find the resources and support they need to put their lives back in order?” asks A Resource Guide for Foreclosure Recovery, a 25-page handbook published by the Community Affairs division of the Federal Reserve Bank ... Read More »

HUD Redraws REO Sales Blueprint

HUD has completed a massive overhaul of its FHA REO sales program with a superstore website, new management design, new commission schedules, and increased opportunities for owner occupant purchasers and nonprofits. Read More »

Tax Credit Talk Splits Real Estate Community

HUD Secretary Shaun Donovan created turmoil in the real estate industry when he said on CNN Sunday that a restoration of the homebuyer tax credit is "not off the table" and that it is "too soon to say" whether the administration's credit tax credit, which expired April 30, will be revived. Read More »