WATCH: Trulia stages haunted house for unsuspecting homebuyers

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time
W S
Servicing / The Ticker

Foreclosure nonprofit expands into Maryland

Helps borrowers receive more affordable loan terms

prevention ave
/ Print / Reprints /
| Share More
/ Text Size+

According to the Baltimore Sun, a Massachusetts nonprofit that acquires foreclosed homes and sells them back to their former owners under more affordable loan terms is expanding into Maryland.

"Maryland has a very big foreclosure problem," said Elyse Cherry, CEO of the community development financial institution.

The firm's Stabilizing Urban Neighborhoods Initiative was launched four years ago, using money largely raised from foundations and private investors. The group said it has provided more than $62 million in mortgage financing that saved about 425 families from eviction

Source: Baltimore Sun
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus