Tag Archives: foreclosure

CARES Act provides relief to some homeowners during coronavirus outbreak

Help is coming for some Americans, who are falling behind on their mortgage payments as a result of economic disruptions caused by the COVID-19 (coronavirus) pandemic. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March … Continue reading

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Housing Finance Weaknesses

Did you buy a house before 2007 and, over the next few years, watch its value fall to less than what you owed on your mortgage? Did you lose a house to foreclosure? Weaknesses in the U.S. housing finance system … Continue reading

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Understanding the Housing Finance System

The housing finance market is more than just homebuyers, sellers, and real estate agents—it’s a complicated landscape of borrowers, lenders, securitizers, servicers, and investors. The complexity of housing finance played a major role in the 2007-2009 financial crisis, and poses … Continue reading

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Foreclosure Rescue Schemes and You

Evidence suggests that individuals who are less financially savvy are more likely to fall victim to financial scams, hold high cost mortgages, and engage in costly credit card behavior. As a result, the cost of limited financial literacy can be … Continue reading

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