UPDATED to reflect vote count of 252 to 170. The count was incorrectly stated previously as 218 to 109. 03/29/2011 By: Carrie Bay The U.S. House of Representatives passed legislation Tuesday evening to end the administration’s flagship foreclosure prevention initiative, the Home Affordable Modification Program (HAMP). The HAMP Termination Act (H.R. 839) passed the House [...]

With so much attention focused on the House of Representatives’ efforts to stamp out four separate federal foreclosure programs, a bill making its way through the Senate – which like its House counterpart would effectually terminate the Home Affordable Modification Program (HAMP) – has received less attention but is progressing nonetheless. Pundits insisted such legislation [...]

Real Estate Outlook: Good News Across The Nation by Carla Hill The market is changing out there, and the latest reports are showing that when it comes to buyers, less is more in some cases.  A recent study from the National Association of Home Builders (NAHB) indicates that the recent housing slump has meant buyers [...]

Market Update – January 2011

Congressman Introduces Bill to Fund Foreclosure Mediation Programs By: Joy Leopold Congressman Steve Cohen (D-Tennessee) last week introduced a bill aiming to help prevent foreclosures across the country. After the House passed measures to terminate federal foreclosure prevention programs, Cohen stepped in with a new measure to provide federal funding for foreclosure mediation programs. Cohen’s [...]