Monday, December 7, 2009

Top Updates: Week of Dec 30th, 2009

An attempt to open banks' doors to all

By Michelle Singletary
Sunday, December 6, 2009
Millions of Americans -- 60 million, in fact -- conduct their day-to-day financial business outside the banking system, leaving many to be preyed upon by payday-loan companies, rent-to-own establishments and other non-bank institutions.

Quarter of borrowers in anti-foreclosure plan are behind
Delinquencies worry some; other experts say it's too early to judge
By Renae Merle
Washington Post Staff Writer
Saturday, December 5, 2009
About 25 percent of borrowers helped under the administration's massive foreclosure prevention plan have already fallen behind on their new mortgage payments, according to government data that raise new questions about the program's effectiveness.

ECONOMICS AND MORTGAGE MARKET ANALYSIS
By Fannie Mae
Housing Forecast: November 2009

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