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RISMEDIA, July 30, 2009-As the Treasury Department urges mortgage servicing companies to step up their efforts to stop foreclosures,the latest available figures show that the number of households at risk of foreclosure is seven times the number of loan modifications, and the gap has increased steadily for the past year.
Although loan modifications are up from …


C.A.R. Reports June Home Sales Increased 20.1 Percent; Median Home Price Declined 26.4 Percent


RISMEDIA, July 29, 2009-Home sales increased 20.1% in June in California compared with the same period a year ago, while the median priceof an existing home declined 26.4%, according to a report released by the California Association of Realtors (C.A.R.).
“Many first-time buyers, especially those who were previously priced out of certain areas, are realizing that …


Regional Spotlight: HMFA and DCA Welcome City of Newark to Live Where You Work Homebuyer Program


RISMEDIA, July 30, 2009-Newark Mayor Cory A. Booker and Deputy Mayor for Economic and Housing Development Stefan Pryor joined New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia and other Newark dignitaries yesterday to announce that Newark is the newest member of the “Live Where You Work Program.” The city is …

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