Monthly Archives: May 2009

Foreclosure Alternatives Program

On May 18, Obama Administration announced a new plan to supplement the Making Homes Affordable (MHA) Program that was announced earlier.   Foreclosure Alternatives Program (FAP) adds to the loan modification program offered by the MHA, but adds components to address … Continue reading

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Foreclosure Activity Remains at Record Levels in April

I let my blog lapse a little bit in the past week, but let’s recap what has happened over the past few days.   Unemployment rate for April came in right at the expected 8.9% on Friday May 8. So, … Continue reading

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Pending Home Sales Up, End of Recession in View?

Pending Home Sales–a leading housing indicator–rose 3.2% in March 2009 compared to the previous month. Pending home sales is the number of contracts executed between the buyer and seller–so think "more buyers’ offer being accepted by sellers." These contracts are … Continue reading

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