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
Source: WCAX.com, May 15, 2010
By Jack Thurston
“Burlington, Vermont – May 15, 2010
At just 16 years old, Amanda LeBeau knows girls and women can do just about everything guys can. “Women can do anything. If they really want to, they can!” she beams.
So she’s rolling up her sleeves and helping build a better future for herself and her family. “I hope that we’ll be able to have a beautiful house,” the high school sophomore says. “Because I’ve never actually lived in a real house.” [More ...]
Tags: Habitat for Humanity, Homeownership, Member news
Source: National CLT Network, April 8, 2010
“Portland –Homeowners in Community Land Trusts (CLTs) across the nation continue to have substantially lower delinquency and foreclosure rates than owners of market-rate homes, according to survey results released today by an independent researcher at Vanderbilt University working in partnership with the National Community Land Trust (CLT) Network.
Results from the survey found that conventional homeowners were 8
times more likely to be in the process of foreclosure than CLT homeowners at the end of the 4th quarter of 2009. According to the Mortgage Bankers Association (MBA) survey of market-rate mortgages, 4.6% were in the process of foreclosure, compared to only 0.6% of CLT mortgages. This represents a widening of the gap as compared to 2008, when market rate homeowners were 6 times more likely to be in the process of foreclosure as compared to their CLT counterparts. [More ...]
Tags: Community Land Trusts, Foreclosures, Homeownership
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 Rick Jacobus, David M. Abromowitz
“Homeownership continues to provide real social and economic benefits and remains a high priority for most American families, but the United States is experiencing significant declines in the ownership rate for the first time in decades. What we need is greater availability of targeted purchase assistance programs that address wealth barriers to homeownership…” [More ...]
Tags: Homeownership
“A New Way Forward: Finding a More Sustainable Strategy for Expanding Homeownership
February 24, 2010, 9:00am – 10:30am [More ...]
Tags: Brenda Torpy, Champlain Housing Trust, Foreclosures, Leahy
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