housing

Fannie has not released its list of zip codes that will be slated for systematic disinvestment. However, GMAC has taken a step to give its brokers the ability to see if their borrowers will need extra downpayments.

Panelists:
State Rep. Dan Blue — former House Speaker and current chairman of the House Select Committee on Rising Home Foreclosures
Mark Pearce, Deputy Commissioner of Banks
Paul Stock, Executive Vice-President and Counsel, N.C. Banks Association
Al Ripley, Consumer and Housing Attorney, N.C. Justice Center

Elizabeth Dole's inaction on a key housing bill is worsening skyrocketing homelessness problem.

Today, victims of Hurricane Katrina and local advocates held a press conference at Sen. Elizabeth Dole's office in Raleigh calling on the Senator to take action to save homes in the still-devastated Gulf Coast region.

In Las Vegas this Thursday, at the Democratic debate, the elephant in the room will be housing. With the housing market meltdown, foreclosures are sweeping the country. Nevada has the worst rate with one foreclosure filing in every 61 households, while the nationwide rate is one foreclosure filing for every 196 households.

Democrats have done little on this issue...and are poised to make problems worse...