November 30  ·  Industry News »

Mortgage Modification Conversion Drive Underway

The U.S. departments of Treasury and Housing and Urban Development kicked off a nationwide campaign to help borrowers who are currently in the trial phase of their modified mortgages Home Affordable Modification Program convert to permanent modifications. more

August 28  ·  Industry News »

HUD To Assist States, Localities With Foreclosed Properties

HUD will appropriate $50 million in Recovery Act funds to help state and local governments address the inventory of foreclosed properties assisted under the Department’s Neighborhood Stabilization Program (NSP). HUD is awarding $44.5 million to nine national organizations and another $5.5 million to help local communities purchase, rehabilitate and resell foreclosed properties in especially hard-hit neighborhoods. more

 

ROOFLINES

blogging beyond bricks & mortar
Despite Missing Out On NSP2, There’s Still Much Work To Do in Chicago Suburbs

Civic leaders and planners in the south and west Chicago suburbs were disappointed to learn that the …

Posted by Kari Lydersen on 7 Feb 10
Modifying the Modification Program (HAMP)
Posted 1 Feb 10
The Risk In The System Starts to Come Home
Posted 27 Jan 10
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LATEST RESEARCH »

Toes in the Water

Nonprofit Community Development Real-Estate and Mortgage Brokerage Programs

By J. Michael Collins  ·  Posted on Nov 22

NHI’s latest research report identifies state regulatory obstacles and assesses the future of a new direction in promoting homeownership

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The Painful Impact of the Housing Downturn on Low Income and Minority Families

The current downturn in housing has seized the markets, pushed home prices down further than any time in generations and has sparked the worst recession since the Great Depression. At the same time, nearly 18 million households are severely burdened with housing costs that consume over half their household incomes. While few have escaped the fury of the recent downturn in housing, tenant, low-income, and particularly minority, households have fared the worst.