Australian property developer sees housing market holding up
Australian property developer Mirvac Group said on Thursday it was not expecting house prices to fall in the country, believing strong demand for office space will continue.
U.S. announces new aid for homeowners refinancing
The U.S. Federal Housing Finance Agency (FHFA) on Monday announced a series of changes to the Home Affordable Refinance Program (HARP), to help more homeowners refinance loans.
Wells Fargo Supports Nonprofit Foreclosure-Prevention Counseling through NFCC Grant
The National Foundation for Credit Counseling (NFCC) has received a grant of $250,000 from Wells Fargo & Company to support the delivery of foreclosure-prevention counseling. The NFCC appreciates Wells Fargo & Company for recognizing the continued need for nonprofit foreclosure-prevention counseling, and supporting it through this grant to the NFCC and its member agency network.
Bank of America’s Mortgage Reduction Program
Bank of America announced that it will forgive some troubled mortgages debt in order to provide assistance in stabilizing the economy and housing market, reports Solomon Finance. With further dropping housing sales and house values, increasing alternative lending such as payday loans due to less traditional credit availability, and pressure from both homeowners and investors, [...]
Fannie Mae Redemption
WASHINGTON, August 12, 2010 /PRNewswire/ — Fannie Mae (OTC Bulletin Board: FNMA) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption: Principal Security Interest Maturity [...]
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