A group of mortgage lenders and non-profit organizations have pledged $4.6 million to allow foreclosure prevention counseling agencies in California to hire more staff to deal with strong demand from struggling homeowners, the companies said Monday.
Mortgage counseling agencies statewide can apply for funds from the two-year spending program, dubbed the California Home Ownership Preservation Initiative, [...]
California Hires Foreclosure Help Counselors
January 17th, 2008 · No Comments
Tags: Avoiding Foreclosure · Foreclosure Information
Industry Wide Writedowns Top $46 Billion (Wachovia, BofA, WaMu, PNC)
December 12th, 2007 · No Comments
The nation’s housing and mortgage-lending slump keeps growing with industry write-downs topping $46 billion.
Today, Wachovia Corp doubled its estimate of loan loss provisions to about $1 billion for the fourth quarter while the chief executive of rival Bank of America Corp. said he expects current credit market turbulence to extend into 2008. In November, Bank [...]
Tags: Foreclosure Information · Foreclosure Statistics
