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The Obama administration is grappling over how much to force private lenders to pay for apartments and homes for the poor as it presses ahead with a major overhaul of the government's housing policy, officials said. ..more |
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Letters from members of Congress released Friday urged President Obama and the Federal Housing Finance Administration (FHFA) to use aggressive administrative power to recover money from companies that used fraudulent and deceptive practices to shift losses on to Fannie Mae and Freddie Mac...more |
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New data suggests that mortgage fraud - which got tougher to pull off after the collapse of the U.S. real estate market - is returning in a big way. ..more |
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The nation's homeowners paid a median of $1,000 in monthly housing costs in 2009, while renters paid a median of $808 per month, according to the 2009 American Housing Survey released Thursday by the US Census Bureau and the US Department of Housing and Urban Development (HUD). And while the number of Americans who own homes are falling, the number getting into reverse mortgages is gaining considerably...more |
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