Recently added articles from Partners in Community and Economic Development:
Overcoming foreclosure information overload.(FROM THE CAO'S DESK)
Dec 22, 2008; ... If you search for the word foreclosure online, you will get over 50 million hits. There are over half a million hits under the foreclosure resource heading. These sites vary greatly in what they offer. Some focus on homeowners and others are designed for investors, academics, nonprofits or ...
Reconsidering U.S. housing policy: excerpts from an Interview with James H. Carr, Chief Operating Officer, National Community Reinvestment Coalition.(Interview)(Cover story)
Dec 22, 2008 ... [ILLUSTRATION OMITTED] In a recent interview with the Federal Reserve Bank of Atlanta on the future of the housing market, National Community Reinvestment Coalition Chief Operating Officer Jim Carr responded to questions about which housing policies would best meet the ...
Mortgage fraud in Sixth District: over the last several years, upsets in the home finance market have exposed extensive mortgage fraud. Although consumers have become increasingly aware of the problem, opportunists will always try to stay a step ahead by developing new ways of perpetrating mortgage fraud.
Dec 22, 2008; ... [ILLUSTRATION OMITTED] What is mortgage fraud? The Federal Bureau of Investigation defines mortgage fraud as "any material misstatement, misrepresentation or omission relied upon by an underwriter or lender to fund, purchase or insure a loan." Mortgage fraud schemes range in ...
Rule changes fine-tune consumer protection.
Dec 22, 2008; ... In July of this year the Federal Reserve Board finalized new mortgage rules under the Truth in Lending Act and Regulation Z resulting in changes that will affect three classes of mortgage loan products. Mortgage products reflecting the new rules include HOEPA loans (Homeownership Equity ...
Reverse mortgages revisited: legislative changes introduce greater consumer protections: reverse mortgages, which allow homeowners to convert a portion of their home equity to cash, are becoming increasingly popular.
Dec 22, 2008; ... Despite recent troubles in the national mortgage market, growth in reverse mortgage lending is being driven by a flexible government-sponsored product and a growing supply of potential borrowers. Like any mortgage product, reverse mortgages can be beneficial for consumers' ...
Forging a green partnership: an introduction to the Atlanta Fed's Green Development Primer: anyone who's been paying close attention to the media lately might come to the conclusion that green is the new black.
Dec 22, 2008; ... Newspapers, magazines and blogs are swarming with articles about green. But "green" is not just a marketing buzz word or a fashion trend--it's a basic principle that will increasingly inform the future of energy policy, car purchasing, building construction, urban development and ...
Fed report confronts concentrated poverty.
Dec 22, 2008; ... Hurricane Katrina drew the nation's attention to the acute hardships that afflicted low-income communities caught in the disaster, thus focusing a new light on the persistence of concentrated poverty in the U.S. As government officials, community development workers and neighborhood ...
Community response to the foreclosure crisis: thoughts on local interventions.
Dec 22, 2008 ... In the wake of the ongoing national mortgage crisis, preventing foreclosures and facilitating recovery from the damage they cause have presented challenges for community developers, policymakers, and a wide range of other actors in cities and metropolitan areas. While many of these players ...
North Florida: new networking coalitions help assets grow.(SPOTLIGHT ON THE DISTRICT)
Dec 22, 2008; ... It's no surprise that current conditions are negatively impacting low- and moderate-income communities in a number of ways. In an effort to build and preserve financial assets in such communities, two new Florida coalitions have been formed. The Florida Assets and Prosperity ...
Louisiana-Mississippi: Gulf Coast renaissance within reach.(SPOTLIGHT ON THE DISTRICT)
Dec 22, 2008; ... Though Hurricane Katrina left behind a wake of unprecedented destruction and tragedy, it also created new opportunities for Gulf Coast leaders to collaborate strategically and establish visionary organizations that will build stronger, healthier communities. The Gulf Coast Renaissance ...