Gospel singer Israel Houghton is facing a foreclosure on the house he shared with his ex-wife and three children, after not paying the mortgage on the home for almost a year. He’s now remarried to Adrienne Bailon-Houghton (co-host of “The Real”), but his family faces being kicked out of their house. The bank says Israel missed […]
WASHINGTON — Pressuring Congress, President Barack Obama is laying out an election year “to do” list Tuesday that urges lawmakers to take another look at…
Well it looks like Unemployed homeowners will be allowed to suspend or reduce mortgage payments for as long as a year under a new policy announced by mortgage finance firm Freddie Mac on Friday. The new rules take effect on Feb. 1. According to CBS, Freddie Mac will give mortgage servicers the authority to provide six […]
More than 170,000 troubled homeowners are breathing a lasting sigh of relief now that they’ve received permanent modifications under the Obama administration’s foreclosure prevention program. Some 15.5% of those who entered the program have gotten long-term adjustments through February, up from 11.5% a month earlier, according to a report from Treasury officials issued Friday. An […]
The new Cuyahoga County land bank and Fannie Mae have forged a unique agreement that could be a milestone for a region battered by the foreclosure crisis.
