“The government shutdown is here. Whether it’s not being able to get a new Social Security card or visit a national park, Americans will immediately feel the effects. But there’s one bright spot of the economy that stands to be affected as well: housing.”
Fannie Mae to fix glitch that rejected borrowers
N.J. nonprofit lender buys hundreds of troubled mortgages in 9 counties hard hit by Sandy
“A New Brunswick-based nonprofit lender is buying hundreds of troubled mortgages in the nine counties most impacted by Hurricane Sandy with the goal of keeping residents in their homes and revitalizing vacant properties.”
Amid foreclosure fallout, Cleveland area has hope
“CLEVELAND (AP) — Just before dinner on a warm fall afternoon recently, Cecelia Smith mounted a riding mower, steered it into the empty lot beside her tidy yellow house in the city’s Slavic Village neighborhood, and roared into her weekly chore.”
Floridians stampede for new mortgage-reduction aid
“By 9 a.m. Thursday _ just 24 hours after the state began taking applications for a principal-reduction program _ more than 12,000 Floridians with underwater mortgages applied for the aid.”
Bank Analyst: Dodd-Frank killed low-income lending
“Congress enacted the Dodd-Frank Act three years ago to remedy lending excesses that took root before the financial meltdown.”