The National Association of Hispanic Real Estate Professionals and Freddie Mac are co-sponsoring a new housing-crisis survival guide titled "The American Nightmare: Strategies For Preventing, Surviving and Overcoming Foreclosure." Written by housing counselors Sylvia Alvarez and Walter Walker Jr., the book offers consumers a step-by-step analysis of the obstacles people face in foreclosure and the practical solutions available to them. "Too many times, people are doing nothing to save their homes simply because they don't know their options," said Rebecca Gallardo-Serrano, chairman of NAHREP. Latinos have been disproportionately affected by the foreclosure crisis and stand to lose about $94 billion in personal wealth, the association said. NAHREP can be found online at http://www.nahrep.org.
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Higher mortgage rates and affordability pressure prompts Fitch Rating's revision from 'neutral' to 'deteriorating'
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A California appellate court reversed a lower court's dismissal of a lawsuit over CrossCountry's alleged 2021 raiding of a Seattle-area branch.
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HUD said its Office of Fair Housing and Equal Opportunity has reduced a Biden administration case backlog by 27% and accelerated investigations.
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Bill Greenberg and Mat Ishbia held a video chat on June 11. The companies disputed the outcome, but in the end, UWM did not make a new proposal for Two Harbors.
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Third-party originators support tightening some standards but say greater flexibility and coordination could help the market avoid disruption.
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But moderating price growth and friendly building policies in many markets hint at emerging affordability for aspiring buyers, Zillow said.
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