The Road to Reform, the second installment of a two-part series on Georgia’s current foreclosure crisis. As a follow-up to The Rippling Effects of Foreclosure released in January 2010, the report details previously enacted reforms in our state; amended fair lending acts in New York and North Carolina; and Senate Bill 57, pending legislation that would implement common-sense underwriting standards in Georgia and combat hazardous lending. Read the rest of this entry »

By Beth Malone

We’re in a housing crisis - one that hasn’t even hit its peek. The middle class is starting to feel the direct effects of foreclosure as the balloon that is their adjustable rate loan, bursts. That means more foreclosures to come in 2010. Read the rest of this entry »

General intent:

SB 57 addresses financial incentives that brokers and others use to guide borrowers into unsuitable loans. The bill helps prevent factors that contributed to meltdown in the subprime market. Read the rest of this entry »

PASOS PARA SALVAR SU HOGAR Y PREVENIR EL EMBARGO HIPOTECARIO Read the rest of this entry »

Hope Now – Alliance of HUD-approved counseling agents, mortgage companies, investors and other mortgage market participants that provides free foreclosure prevention assistance.
Call 888-995-HOPE or visit www.hopenow.com
Read the rest of this entry »

*Source: The Department of Housing and Urban Development (HUD)

1. Don’t ignore the problem.
The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house. Read the rest of this entry »