Stimulus Funds to Help Contain Repo List (Buying foreclosed homes)
Mississippi local governments, nonprofits, businesses and organizations, including the Vicksburg Housing Authority, will be able to receive about $35 million to buy properties on repo list to be demolished or refurbished and sell. The $35 million funds are part of the $1.93 billion money made available by the U.S. Department of …
Source: www.foreclosurelistingsnationwide.com
Lenders avoid redoing loans, Fed concludes
Lenders avoid redoing loans, Fed concludes The Boston Globe Mortgage lenders don’t try to rework most home loans held by borrowers facing foreclosure because it would probably mean losing money, a study released yesterday by the Federal Reserve…(read more)
Source: www.foreclosurepulse.com
Tags: Borrowers, Boston Globe, Buying Foreclosed Homes, Buying Homes, Facing Foreclosure, Federal Reserve, Home Loans, Housing Authority, Local Governments, Mississippi, Money, Mortgage Lenders, Repo Homes, Rsquo, Stimulus, U S Department, Vicksburg