October 2007


31 Oct 2007 11:17 pm

Mental-health and housing issues inextricably linked since Katrina.
Kansas City Star, MO - 7 hours ago
The mental toll of a lack of permanent housing is indescribably great. FEMA trailer parks are therefore the epicenter of any post-Katrina mental-health ...
31 Oct 2007 09:26 pm

California: Golden Dream Or Foreclosures By The Sea
PR-USA.net (press release), Bulgaria - 8 hours ago
Economists disagree whether soaring foreclosures in California suggest the world’s eighth-largest economy is poised to slump or if it is just seeing its ...
31 Oct 2007 08:07 pm

BBC News

Cramped housing, higher fire risks and community tensions
Times Online, UK - 10 hours ago
Cramped housing conditions with high fire risks have become one of the key concerns of councils with growing immigrant populations, according to today’s ...
Councils say £250m emergency fund is needed to cope with influx of ... Times Online
Councils urge more migrant funds BBC News
all 81 news articles
31 Oct 2007 05:01 pm
Fed Cuts Rate to Help Ease Housing Slump
The Associated Press - 13 hours ago
"The pace of economic expansion will likely slow in the near term, partly reflecting the intensification of the housing correction," the Fed acknowledged in
31 Oct 2007 03:49 pm

Paulson says not enough struggling borrowers seeking loan ...
Forbes, NY - 14 hours ago
... is a critical goal, as is the process of analyzing which loans make sense to restructure as part of an effort to avoid 'preventable foreclosures. ...
Mortgage Coalition Plans Outreach Effort Houston Chronicle
Paulson Plan Advises At-Risk Borrowers to Refinance CNBC
UPDATE 1-US Treasury, loan servicers to target borrowers Reuters
all 64 news articles
31 Oct 2007 08:51 am

Home Foreclosures Becoming Crisis in Michigan
WLNS, MI - 21 hours ago
Tough economic times have sent home foreclosure rates skyrocketing across Michigan. Many Eaton County residents attended a special seminar to find out how ...
31 Oct 2007 04:30 am

Earthtimes
Housing Market Teeters on Edge of Northern Rock in Capital Bust
Bloomberg - 1 hour ago
Britons poured the borrowed money into housing — and then used their new homes as collateral to take on even more debt. Residential property prices soared
Housing Rates Sharply Fall In UK; Prices Likely To Drop Further AHN
House price gloom as the wealthy turn away Times Online
all 108 news articles
31 Oct 2007 01:15 am

Legislature seeking to cut foreclosures
Henderson Gleaner, KY - 5 hours ago
The panel of lawmakers, formally known as the Interim Committee on Mortgage Lending Practices and Home Foreclosures, sifted through 27 proposals for a final ...
30 Oct 2007 03:21 pm

Report: Foreclosures beginning to level off
Bizjournals.com, NC - 16 hours ago
The number of real estate owned homes surged 24 percent nationwide in October, but foreclosures overall have dropped 12 percent since August, according to a ...
One foreclosure statistic promising Rocky Mountain News
Mortgage meltdown pace may be slowing says Foreclosures.com Central Valley Business Times
ForeclosureS.com October Report: Pre-Foreclosures Level; REO’s ... Business Wire (press release)
Ad-Hoc-News (Pressemitteilung)
all 24 news articles
30 Oct 2007 02:20 pm

Hey Ben - Leave the rates alone and don't worry about foreclosures!
BloggingStocks - 15 hours ago
I also am not that worried about home foreclosures. If speculators take a loss, they will learn a lesson (I hope) and if you bail them out they will be at ...
30 Oct 2007 12:26 pm

Livonia to discuss foreclosures Thursday
Detroit Free Press, United States - 17 hours ago
The City of Livonia will hold a presentation for homeowners Thursday on how to handle mortgage foreclosures. The free program, hosted by the Livonia Housing ...
30 Oct 2007 09:37 am

The Foreclosures Market Is Examined In Depth With This Essential ...
Business Wire (press release), CA - 20 hours ago
Instead of entering the business of buying foreclosures with the goal of making quick money at any cost, McGee advocates that success is all about helping ...
30 Oct 2007 09:00 am

San Mateo County to vote on non-binding foreclosure resolution
San Jose Mercury News,  USA - 21 hours ago
Supervisors are scheduled to vote Tuesday on a non-binding resolution calling for a three-month moratorium on foreclosures. If the resolution passes, ...
City Council calls on Fed to act against predatory lending practices Seattle Post Intelligencer
Supervisor: Hold off on foreclosures San Mateo Daily News
all 12 news articles
30 Oct 2007 06:21 am

Housing market slide likely to persist
San Jose Mercury News,  USA - 24 minutes ago
By Sue McAllister The California housing market will continue to slow next year, with house prices falling 4 percent, and 9 percent fewer houses changing ...
30 Oct 2007 05:48 am

Los Angeles Times

Foreclosures hit record in SJ County, California (10:20 am)
Stockton Record, CA - 16 hours ago
By The Record The latest quarterly survey from the real-estate information service DataQuick Lenders indicated that formal foreclosure proceedings hit ...
Foreclosures in county have tripled San Mateo County Times
Default notices spike locally Appeal-Democrat
all 8 news articles
30 Oct 2007 04:28 am

Lean about foreclosures in the Thumb
MLive.com, MI - Oct 30, 2007
... Commission will explain to homeowners at a special workshop how to avoid predatory lending and how to work with lenders to prevent foreclosures. ...
30 Oct 2007 03:50 am
Paulson Says US Hasn't `Hit Bottom Yet in Housing' (Update1)
Bloomberg - 2 hours ago
By Kevin Carmichael Oct. 30 (Bloomberg) — US Treasury Secretary Henry Paulson said it's too soon to call an end to a US housing slump, as the Federal
Goldman CEO Sees Regulatory Action on Subprime Crisis (Update3) Bloomberg
Goldman chief fears sub-prime backlash Telegraph.co.uk
all 19 news articles
30 Oct 2007 03:14 am

Team to help with Douglas County home foreclosures
Tahoe Daily Tribune, CA - 3 hours ago
“Clark, Washoe, Douglas, Elko and Nye counties have been hit hardest by foreclosures. In these counties foreclosure rates have increased 100-300 percent in ...
Foreclosures reach into the grave Central Valley Business Times
all 2 news articles
30 Oct 2007 03:06 am

PNC aids bid to prevent foreclosures
Philadelphia Inquirer, PA - 3 hours ago
By Harold Brubaker PNC Financial Services Group is putting up $5 million to jump-start a foreclosure-prevention fund for homeowners in Southeastern ...
30 Oct 2007 01:20 am

New York Daily News

CEOs see falling home prices and mounting foreclosures
Los Angeles Times, CA - 5 hours ago
said would drive foreclosures to record levels for the entire mortgage industry. Job loss, divorce and health problems are the main reasons people stop ...
Countrywide CEO says more trouble ahead for housing market International Herald Tribune
Experts: Recession looms Daily Breeze
all 73 news articles
30 Oct 2007 01:00 am
The Bankruptcy Adviser advises a reader whose drop in income puts the squeeze on mortgage payments.
29 Oct 2007 11:44 pm

City Council calls on Fed to act against predatory lending practices
Seattle Post Intelligencer - 7 hours ago
Home foreclosures have surged nationwide in recent months, driven largely by defaults of subprime loans, which generally serve people with poor credit. ...
A workout for dubious lenders Salt Lake Tribune
Good sense in housing Toledo Blade
Mortgage industry concerned about proposed reforms Bizjournals.com
Houston Chronicle - Gulf News
all 49 news articles
29 Oct 2007 07:12 pm

Conn. Foreclosures Break All-Time High
WFSB, CT - 11 hours ago
A real estate group claims that foreclosures are up 446 percent in Hartford this year, 547 percent in New Haven, and 522 percent in Bridgeport. ...
29 Oct 2007 06:52 pm

Wave of Foreclosures Hits Renters
RisMedia.com (press release), CT - 11 hours ago
Barger’s situation illustrates the trickle-down effects from Minnesota’s wave of foreclosures, as the financial troubles of rental property owners descend ...
29 Oct 2007 01:42 pm

Numerous Foreclosures Weigh Heavy On Economy
WJZ, MD - 17 hours ago
The leading cause of foreclosures are adjustable-rate mortgages adjusting so high that some Marylanders find they can't make the payments. ...
29 Oct 2007 04:35 am
Wait time for housing in Peel – 21 years
Toronto Star,  Canada - 2 hours ago
Ontario Coalition Against Poverty members and Toronto Community Housing Corp. pictured protesting this past summer for more affordable housing in the GTA.
A 3-point strategy for better housing Toronto Star
all 2 news articles
29 Oct 2007 04:10 am

County may call for moratorium on foreclosures
San Mateo Daily Journal, CA - 2 hours ago
By Michelle Durand Subprime mortgage lenders and agencies that manage payments should suspend foreclosures for three months and use the moratorium time to ...
29 Oct 2007 01:11 am

Foreclosures are higher in Homeowners Associations
AHRC News Services, CA - 5 hours ago
Foreclosures are still higher in Homeowners Associations than any other type of housing and I have fought this after I made the error of buying a home in ...
29 Oct 2007 12:07 am

Foreclosures hit tenants
Boston Herald, United States - 6 hours ago
Yet some new building owners are still slapping Section 8 tenants with eviction notices following foreclosures through hired real estate agents or others, ...
28 Oct 2007 11:36 pm

Study Links Lenders to Swift Foreclosures
New York Times, United States - 18 hours ago
The report found there were 19729 foreclosure notices filed in New York City and Westchester and Nassau Counties from July 1, 2006, to July 31, 2007. ...
Bronx politician issues hit list of subprime lenders New York Daily News
all 4 news articles

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