On April 5, the Obama administration launched a new program aimed at ‘helping’ underwater homeowners avoid foreclosure. The program is called HAFA (Home Affordable Foreclosure Alternative), and unlike its predecessors, its stated mission is not to ‘save’ the family home but to grant homeowners already in default what it calls a “graceful exit” via [...]
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Housing News Roundup 12/17/09
Debtor’s Dilemma: Pay the Mortgage or Walk Away Wall Street Journal Leading Economic Indicators rise 0.9% in November Market Watch Moody’s Changes US Homebuilding Industry Outlook To Stable Wall Street Journal Shadow US housing inventory seen at 1.7 mln in Sept Reuters Senate committee approves Bernanke on 16-7 [...]