News

New York Gov. Mario Cuomo has proposed legislation that would allow the state Department of Financial Services to slash title insurance premiums by 20 percent for home purchases and by… Read More »

“To advocates, eminent domain offers perhaps the only chance to remedy the failure of the federal government and mortgage servicers to offer widespread, meaningful relief to the hardest-hit communities.” ─… Read More »

An estimated 47 percent of bank-owned homes nationwide are still occupied by the previous owner who was foreclosed on.  Source:  RealtyTrac 

Only 380,000 new households were created over the past 12 months compared with an historic average of 1.1 million new households annually. Source:  U.S. Census Bureau

Of the 1.25 million homeowners whose trouble mortgages have been modified under the Treasury Department’s HAMP program, 27 percent have re-defaulted on their loans.  Source: Treasury Department Report