The recent weeks have been about a stoppage on foreclosures by one of the biggest mortgage lending servicers and one of the country’s largest banks. The flurry of notices to suspend foreclosures was brought about by reports that some were signed off without looking at and verifying information in the borrower’s documents. The recent news has certainly given hope to Read full article »
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First Dibs On Foreclosed Properties Go To Communities, Thanks To The First Look Program
National Community Stabilization Trust president Craig Nickerson said, “You can't be successful in neighborhood stabilization unless you control all the pieces on the chess board.” And with the latest program participated by major mortgage lenders, state and local governments will get a bigger chance to control the chess pieces. Housing Secretary Shaun Donovan announced the First look program, which will allow Read full article »
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