Source: Burlington FreePress, October 14, 2010
By Sam Hemingway
“Vermont banking regulators and the Attorney General’s Office have joined officials from 48 other states investigating claims that several large mortgage loan servicing entities engaged in the “robo-signing” of documents to initiate thousands of foreclosure actions around the country. [More ...]
Tags: Foreclosures, Vermont
Source: NPR: Morning Edition, September 27, 2010
By Chris Arnold
“Despite the government’s efforts to help the housing market, economists estimate that about 1 in 4 households with a mortgage owe more than their house is worth. [More ...]
Tags: Economy, Foreclosures, Housing Market
Source: Burlington Free Press, May 13, 2010
By Alan Zibel, The Associated Press • Thursday, May 13, 2010
“WASHINGTON — Millions of Americans are still likely to lose their homes in the coming years, but the foreclosure crisis is finally showing signs of subsiding.
The number of households facing foreclosure in April fell 2 percent from a year ago, the first annual decline in five years, Realty-Trac Inc. said today. [More ...]
Tags: Economy, Foreclosures, Housing Market
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
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
“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
“Last Friday, the U.S. Department of Housing and Urban Development (HUD) and the Loan Modification Scam Prevention Network launched PreventLoanScams.org, a site where homeowners can report alleged scams. [More ...]
Tags: Foreclosures, Homeownership, HUD, Loan Modification
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
“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
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
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