The Advertising Council, in partnership with the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD), announced today the launch of a national public service advertising (PSA) campaign designed to encourage homeowners who are struggling with their monthly mortgage payments to learn about the Making Home Affordable Program....
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The loan origination business was like the wild west. Now, there is a new sheriff in town: WASHINGTON (Reuters) – Mortgage loan originators will have to be fingerprinted and sign up to a central registry to do business in future, according to final rules issued on Wednesday by the Federal Reserve and other regulators. The...
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The following article is part of a long term study The Golden Rule’s Social Justification. ARTICLE International home buyers are increasingly attracted to property in the U.S., according to the National Association of Realtors®’ 2010 Profile of International Home Buying Activity. Several factors, including the strength of the dollar, the value and desirability of U.S. real...
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HUD has charged the owners of several apartment buildings in suburban Philadelphia with discrimination against families with children for terminating the lease of a woman because she adopted an 11-year-old child. The charge also alleges that the owners made discriminatory statements and discouraged families from applying….
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Washintgon, DC – The Loan Modification Scam Prevention Network, led by Fannie Mae, Freddie Mac (NYSE:FRE), the Lawyers’ Committee for Civil Rights Under Law and NeighborWorks America, today announced a national campaign to prevent loan modification scams through public education, complaint reporting and coordination with local, state, and federal enforcement agencies. As part of the...
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Our purpose was to gauge the public’s current attitudes toward housing, especially in light of the current housing crisis. This comprehensive research project asked more than 3,000 consumers about their confidence in homeownership as an investment, the current state of their household finances, their views on the U.S. housing finance system and their overall...
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The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for March 2010: Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 685,000. This is 7.5 percent (±1.3%) above the revised February rate of 637,000 and...
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WASHINGTON, DC – The U.S. Department of Housing and Urban Development today announced that Washtenaw County, Michigan is being awarded a $250,000 grant to produce 30 new affordable green rental units in Ann Arbor. The County will use Avalon Housing, Inc., an established community-based affordable housing developer, to create these new apartments which will...
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FHA TO ACCEPT ELECTRONIC SIGNATURES ON THIRD PARTY DOCUMENTS Action begins broader effort to modernize FHA’s application process WASHINGTON, DC – The Federal Housing Administration (FHA) today announced plans to modernize the application process for FHA mortgage insurance, making the process easier for borrowers and faster for lenders. FHA will begin accepting electronic signatures on third...
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