Tag: Mortgage
Survey finds racial disparities under anti-foreclosure program
Black homeowners are roughly 50 percent less likely than whites to receive help under the largest of the administration’s anti-foreclosure programs, according to a new survey of qualified families.
Secret test stacks the deck against borrowers seeking loan modifications
“NPV Test: Failed.” That was the red-lettered verdict on the computer screen of a CitiMortgage negotiator in June. The result: An 83-year-old widow in Illinois was denied a loan modification through the Obama administration’s Making Home Affordable program, even though the employee admitted in an e-mail, “I am unable to come up with a reason for the denial.”
Critics roast Palin gaffe on Freddie Mac, Fannie Mae
The day before the federal government took over mortgage giants Freddie Mac and Fannie Mae, Alaska Gov. Sarah Palin railed against the mortgage giants' drain on taxpayer money at a rally in Colorado Springs on Saturday. Only problem: the private corporations haven't been costing taxpayers a dime and only might under a bailout program supported by Palin's running mate, Sen. John McCain.
Tightening Market Offers Silver Lining in Mortgage Crisis
Despite all the gloomy foreclosure news, it's an excellent time to buy a house for some, while an impossible time for others - which...
How Low Can It Go? A New Housing Crisis Emerges
Gov. Bill Ritter today announced a $1.5 million grant to provide free foreclosure prevention counseling services to at-risk homeowners. At the same time, Washington...
Addiction to Risky Debt Grows
The chart on the state website detailing supervised loans in Colorado tells a graphically ugly tale. Too many state residents live on money borrowed...
Dishonest Mortgage Lending Scum
Why does Colorado have the highest foreclosure rates in the nation?
One of the important reasons is that it tolerates dishonest mortgage lending scum like...