Housing
More on Housing
by Alan Zibel
The number of homeowners in the Obama administration's flagship foreclosure prevention program is growing, data released Wednesday show. Yet it's not all good news.
About 231,000 homeowners have completed loan modifications through March. That's about 21 percent of the 1.2 million borrowers who began the program over the past year.
But another 158,000 homeowners who signed up have dropped out -- either because they didn't make payments or failed to return the necessary documents. That's up from about 90,000 just a month earlier.
by Anna Pratt Special to Finance & Commerce
It isn't just about people losing their homes.
Ripples from the long-running foreclosure crisis, experts told an audience in Minneapolis on Saturday, are spreading throughout the U.S. economy, affecting even those who, intuitively, might be expected to benefit.
By Joseph Williams, Globe Staff
Stung by accusations from some African-Americans that he has not done enough for urban communities, President Obama has embarked on an effort to soothe a constituency once counted as his fiercest source of support.
In a series of interviews this week with media outlets aimed at African-Americans, Obama said he understands pent-up frustrations about foreclosures, bank bailouts, and festering social issues, while he also challenged assertions that he has given short shrift to cities.
Pages
Los Angeles Office
Phone: (323) 757-8900
Fax: (323) 757-9506
Washington, DC Office
Phone: (202) 225-2201
Fax: (202) 225-7854