The number of foreclosures recorded in the U.S. fell 20% year-over-year in June, with only 55,000 homes completing the process, CoreLogic said. Just a year earlier, 68,000 foreclosures were recorded in the same survey. Yet, when compared to the previous month of May, foreclosures edged up 2.5% from 53,000 foreclosures. While foreclosures are down from … More CoreLogic: Foreclosures in June drop 20%
What We Can Learn From Australia’s Student Loan System? inShare Marissa Brassfield, PayScale Jul 09, 2013 The student financial aid program is far from perfect. It doesn’t fit in with the modern world, where students are also part-time employees and sometimes even parents who need to take a semester off here and … More What We Can Learn From Australia’s Student Loan System?
Representatives on the House Financial Services Committee announced the Protecting American Taxpayers and Homeowners (PATH) Act on Thursday to create a sustainable housing finance system. The proposal ends the taxpayer-funded bailout of Fannie Mae and Freddie Mac while phasing out the enterprises within five years. Additionally, the legislation increases competition by ending the federal government’s … More Lawmakers propose PATH Act to create housing sustainability
Michigan Governor Rick Snyder signed a set of bills last week that will impact that the state’s foreclosure laws. One of the bills, SB 383, maintains the state’s 180-day redemption period that gives the original homeowner time to reclaim the property or short sell the home after a foreclosure. However, the bill also includes a … More Michigan Governor Signs Foreclosure Bills