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Stop raiding the housing trust fund
Source: The Florida Times-Union There’s a smattering of good news on unemployment. Florida’s jobless rate fell to 10.3 percent in October, its lowest rate in 28 months. Job growth is continuing, though slowly, with 94,000 jobs being created in the state in the last year, according to the state Department of Economic Opportunity. Read more…
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Driving on Empty: The Hidden Costs Associated with “Drive ‘till You Qualify”
Source: FIU Metropolitan This issue of Policy Briefings provides an understanding of the important link between housing and transportation and the framework for developing a new quantitative standard for housing and transportation affordability. Read more…
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Freddie Mac -Additional Details on the New Standard Modification Now Available
Source: Freddie Mac Additional Details on the New Standard Modification Now Available We have released our preliminary requirements for our new loan modification option, the Freddie Mac Standard Modification — a core component of the Servicing Alignment Initiative. Because you are a valuable resource when counseling distressed homeowners and working with Freddie Mac Servicers, I…
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Metropolitan Delinquency and Foreclosure Data, March 2011
Source: Foreclosure Response.org What: Foreclosure-Response.org’s newest serious delinquency data and analysis from March 2011 When: Released today Tuesday, August 16, 2011 Where: Foreclosure-Response.org The three co-creators of Foreclosure-Response.org — Local Initiatives Support Corporation, Urban Institute and the Center for Housing Policy — have compiled the newest data from March 2011 on seriously delinquent mortgages for…
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Florida Community Loan Fund receives $1.5 million CDFI Fund Award
Source: Florida Community Loan Fund July 19, 2011 Florida Community Loan Fund receives $1.5 million CDFI Fund Award Capital Award will Increase Lending for Community Development Projects Across Florida. The Florida Community Loan Fund (FCLF) has received a $1,500,000 Financial Assistance (FA) award from the Community Development Financial Institution (CDFI) Fund of the U.S. Treasury…
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Double-digit rent hikes are on the way
Source: MarketWatch Apartment dwellers could be facing double-digit rent increases in the coming years as a shortage of new multifamily units coupled with a rise in prime renter-age households gives landlords clout they haven’t seen since the mid-1990s, development experts said Thursday. Read more…
