AP - Mortgage Insurance Companies of America spent $850,000 to lobby the federal government on housing and other issues in the fourth quarter, according to a disclosure report.
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AP - The National Association of Realtors spent $5.6 million lobbying the federal government in the 2009 fourth quarter as it pressed for measures to aid the hobbled housing market, according to a recent disclosure form.
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AP - The National Association of Mortgage Brokers spent $425,000 in the fourth quarter to lobby the federal government on housing and other issues, according to a disclosure report.
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BusinessWeek - A year ago, few companies were having as tough a time as Genworth Financial . Like other life insurers, it had seen its investments decimated by market turmoil. There “was a fear that a lot of these companies weren’t solvent,” says Standard & Poor’s equity analyst Bret Howlett. “Genworth was at the top of that list.” But Genworth had another problem, as one of the only providers of both life and mortgage insurance. Its U.S. mortgage business was seeing big losses as homeowners defaulted on their loans amid the worst housing market. …
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The Trump SoHo hotel and condominium is scheduled to open April 9, but only about a third of the 391 units are now in contract.
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Time.com - The government’s new multifaceted plan to help troubled homeowners aims to reduce the amount owed on mortgages — a big shift from the last plan. But can it stem the tide of foreclosures?
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Reuters - The Obama administration on Friday announced a $14 billion effort to try to stem a rising tide of home foreclosures by giving lenders incentives to erase some mortgage debt and slash mortgage payments for the unemployed.
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McClatchy Newspapers - WASHINGTON — Problems in the nation’s housing market are enormously complex, and the modest initiatives announced Friday by the Obama administration won’t cover everyone in every situation, but it should help.
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AP - The government’s bold new plan to stem the foreclosure crisis aims to succeed where previous efforts have fallen flat. Yet just as before, the odds are long, and many struggling borrowers won’t qualify.
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Time.com - Big federal programs to help the housing market are soon to end, and a rush of foreclosures may be about to begin. The bottom line, analysts say, is a sideways movement for sales and prices, with a risk that things could get worse
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