Home / News (page 2140)


Credit Unions Propose TARP Funding for Mortgage Relief Program

The National Credit Union Administration (NCUA) has unveiled a plan to refinance billions of dollars of at-risk mortgages using funding from the Treasury’s Troubled Asset Relief Program (TARP). The initiative is aimed at helping credit union members preserve their homeownership by funneling federal loans to credit unions through the Central Liquidity Facility (CLF), the lending arm of the NCUA, the administration explained in a press statement earlier this week.

Read More »

Illinois Q3 Home Sales Down 21.2 Percent

Job losses and economic uncertainty continue to impact the housing market in Illinois. According to the latest Illinois Association of Realtors (IAR) housing report, total home sales (which include single-family homes and condominiums) were 31,451 in the third quarter, down 21.

Read More »

Lender Processing Services Unveils Mass Loan Modification Solution

In an environment where defaults continue to mount and home retention has become a mainstream issue, Florida-based Lender Processing Services Inc. (LPS), a provider of integrated technology and services to the mortgage industry, has created RediMod, an end-to-end solution for streamlining the mass loan modification process and improving servicers’ ability to help delinquent and at-risk borrowers.

Read More »

NAR: Home Prices Decline in Four of Five Metros

Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, according to the National Association of Realtors’ (NAR) quarterly survey released today. In addition, NAR said, existing-home sales fell from the second quarter in 32 states.

Read More »

Officials Feud Over Foreclosure Relief for Homeowners

The debate between two federal officials — Treasury Secretary Henry Paulson and Federal Deposit Insurance Corporation (FDIC) Chairman Sheila Bair — over whether to use money from the $700 billion bailout fund to help at-risk homeowners avoid foreclosure took center stage when both regulators testified before the House Financial Services Committee today.

Read More »