The Consumer Financial Protection Bureau and 13 state attorneys general obtained approximately $92 million in debt relief for about 17,000 U.S. service members and other consumers harmed by Colfax Capital Corporation and Culver Capital.
The U.S. Department of Housing and Urban Development and the U.S. Department of Veteran Affairs started a third round of HUD-Veterans Affairs Supportive Housing funding, bringing the total amount of vouchers supplied through HUD-VASH to 58,250.
The OC Register's Jon Lansner has a great post up this morning that looks at the states Obama carried versus McCain, and the relative price declines and foreclosures in each, using data from First American CoreLogic. In total, he suggests that states representing nearly 80 percent of the nation's foreclosure mess went to Obama:
Illinois Senator and Democratic presidential candidate Barack Obama's proposal to fix the housing market is a four-pronged plan to "protect homeownership and crack down on mortgage fraud," according to his campaign Web site.
Melvin Luther Watt quietly slid into his office as the first appointed director of the Federal Housing Finance Agency. It was the end of last year, in mid-December. Christmas was coming and the markets were in the middle of the harshest winter in years. As he took over the office of Acting Director Ed DeMarco — himself the unassuming lightning rod for the nation’s housing policy — Watt gave no indication of what he intended to do with his new position; arguably the most powerful job in mortgage finance..
Crowdfunding has swept through large verticals of consumer finance, including student loans and credit card debt. And so, naturally, in a market of rising property values, the real estate market is the latest frontier for crowd-based financing. Read More
Like oxygen, warehouse lending is one of the mortgage industry’s essential life-supporting elements. And fortunately, the warehouse segment is in much better health today than it was six years ago, as we are back up to around 70 warehouse lenders at my last count. Read More