Source: Rutland Herald, August, 29, 2019
By: Bruce Edwards
“It’s a tough time for first-time home buyers.
Consumer confidence isn’t high and while mortgage rates are extremely low, banks have tightened up their lending standards.
But thanks to a year-old housing program, some low-income Vermonters are realizing their dream of home ownership. [More ...]
Federal Budget/Funding, Foreclosures, Homeownership, Housing Agency and Nonprofit News, Housing Creation and Preservation, Housing Market
Tags: HARP, Housing, low-income, Vermont, Vermont Housing Finance Agency
Susan Keese
Source: Vermont Public Radio, March 31, 2010
“(Host) The number of mortgage foreclosures in Vermont continues to rise, and experts expect that trend to continue into the near future.
But help is available for homeowners in trouble.
And more may be on the way, as VPR’s Susan Keese reports. [More ...]
Tags: Foreclosures, Housing Market, Vermont Public Radio
Associated Press
Source: Bennington Banner, March 26, 2010
“WASHINGTON (AP) — Under pressure to stem the foreclosure crisis, the Obama administration launched a plan Friday to reduce the amount some troubled borrowers owe on their home loans and give jobless homeowners a temporary break.
Administration officials cautioned that the plan won’t stop all foreclosures or help all troubled homeowners. Instead, officials said their goal is to meet their original target, announced last year, of helping 3 million to 4 million borrowers avoid foreclosure. [More ...]
Tags: Federal program, Foreclosure Crisis, Foreclosure prevention, Loans, Obama administration
“Montpelier, Vt – Today, the Vermont House of Representatives passed H. 590, An Act Relating to Mediation in Foreclosure Proceedings. The bill is a consumer protection act which seeks to keep struggling Vermonters in their homes.
Tags: Bills, Economy, Foreclosures
By Bruce Edwards
“The recession continues to make its presence felt in Vermont as the number of homeowners facing foreclosure jumped 17 percent last year.
There were 1,928 foreclosures filed in the state in 2009 compared to 1,639 the prior year, according to the Department of Banking, Insurance, Securities and Health Care Administration. [More ...]
Tags: Economy, Foreclosures
By James R. Hagerty
“More waves of foreclosures will keep downward pressure on home prices in parts of the U.S. over the next several years, two new studies project.
The studies—by John Burns Real Estate Consulting Inc. and Standard & Poor’s Financial Services LLC—both conclude that most efforts to modify loans with easier terms will delay, not prevent, the loss of homes to foreclosure. [More ...]
Tags: Foreclosures, home prices, Housing Market
By Adrian Sainz, The Associated Press
“MIAMI — A record 2.8 million households were threatened with foreclosure in 2009, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.The number of households that received a foreclosure-related notice rose 21 percent from 2008, RealtyTrac Inc. reported Wednesday. One in 45 homes were sent a filing, which includes default notices, scheduled foreclosure auctions and bank repossessions…” [More ...]
Tags: Economy, Foreclosures, Housing Market
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