$141M in Texas foreclosure settlement funds should be used to prevent more foreclosures
The Obama Administration and Texas Attorney General Greg Abbott announced last week a $26 billion foreclosure settlement between the five biggestContinue Reading
Tag: Foreclosure crisis
Poll: Most think government should help homeowners in trouble
A new CBS News/ New York Times poll shows: Most Americans think home ownership is an important part of theContinue Reading
NSP1-A Deadline Looms
Last week HUD announced the details of their enforcement of the 18-month deadline for obligation of the first round ofContinue Reading
Rich are defaulting on mortgages at a higher rate
While lots of criticism from some TV commentators has been heaped on lower-income homeowners who lost their homes to foreclosure,Continue Reading
Administration proposes changes to Neighborhood Stabilization Program, including additional funding
In a press release Tuesday the Obama administration discussed plans to reallocate funds from the first round of the NeighborhoodContinue Reading
10 percent of Texans are behind in their home loan payments
Each one of the yellow squares represents a judicial mandated sale of property in San Antonio and Bexar County. Scary,Continue Reading
Brownsville CDC director discusses recent changes in border low-income housing and colonias
Homebuyers buying new houses through a CDC in Brownsville, Texas have an average income of $19,000. Low-income border families, whoContinue Reading
I want to believe the President’s financial consumer protection plan will work, but it won’t
President Obama adopted a fighting stance against the financial services industry today in his weekly radio address. He promised thatContinue Reading
An in-depth look: financial reform called for a major overhaul but did not get one
In pondering the Obama administration’s Financial Regulatory Reform: A New Foundation plan announced this week I find myself agreeing with NewContinue Reading
Addressing low-income families’ housing aspirations is essential to financial reform
You don’t have to work long in the field of affordable housing to find out how strong the desire isContinue Reading
The Nouveau Poor foreclosure crisis slights the poor
You can’t help these days being struck by the amount of government and media attention heaped on the plight ofContinue Reading
Senate Committee explores state role in easing home foreclosure problems
The Texas Senate Intergovernmental Relations Committee held the first of what promises to be several hearings to explore the homeContinue Reading
New report profiles loan delinquencies and foreclosures in Texas cities
A collaboration between LISC and the Urban Institute has produced a data set with “foreclosure needs scores” within Community DevelopmentContinue Reading
We endorse Texas Attorney General Abbott’s call for mortgage deferment legislation to help struggling homeowners
The Texas Low Income Housing Information Service (TxLIHIS) applauds and endorses Texas Attorney General Greg Abbott’s proposal today for aContinue Reading
The foreclosure resistant low income mortgage loan
The $700 billion bailout of Wall Street brought about by the subprime/ predatory mortgage debacle points out that there needsContinue Reading
Questions, answers, concerns about the new $4 billion foreclosed homes program in Texas
One of the subprograms of greatest controversy within the major housing legislation passed by Congress on Saturday (HR 3221) isContinue Reading
Nonprofit FHA downpayment assistance scheme nets 19% Texas defaults
I’m sorry if this makes me sound like an affordable housing hertic but this bothers me. NPR reports there areContinue Reading
A honest critique of media foreclosure prevention pablum
My friend and sometimes colleague Robert Doggett eviscerates an example of the typical advice story the media dishes out toContinue Reading
An important role for state legislatures in the foreclosure crisis
Financial Institutions Committee Chairman Burt Solomon is reasonable and fair in approaching the issue of state regulation of financial institutions.Continue Reading
One perspective on the Texas foreclosure crisis
View Dr. James Gaines presentation [it takes a couple minutes to begin playing] before the Texas House financial institutions committeeContinue Reading
Dealing (or not) with the foreclosure crisis in Texas
Watch Robert Doggett’s testimony before the Financial Services Committee, or better yet watch the entire hearing. On Wednesday Robert Doggett,Continue Reading