Find Real Estate Agents and Homes for Sale


Real Estate News --> Minnesota News

St. Paul updates housing code to giver older homes a break


Rather than demand old homes meet modern property maintenance standards ... The council decision represents a bit of a win for the Builders Association of Minnesota, which several years ago took a legal case against the city over egress windows as far ...


Archived Story

Get information on education programs that could help you increase your earning power. Quick Degree Finder Select a Degree Level Certificate Programs Associates Degree Bachelors Degree Masters Degree Doctoral Degree Select a Category Select a Subject Government mortgage plan aids 16% of borrowers Posted document.write(niceDate('3/12/2010 3:56 PM')); | Comment  | Recommend E-mail | Print | .addthis_button_email span {display: none;} .addthis_button_print span {display: none;} RISE, FALL AND REBOUND? : Charts show the housing industry's boom and bust this decade and forecast the possible course of its recovery the next three years. var storyURL = "http://www.usatoday.com/money/economy/housing/2010-03-12-government-mortgage-aid-program_N.htm"; var storyTitle = "Government mortgage plan aids 16% of borrowers "; var articleSummary = "The Obama administration's mortgage relief plan has helped only about 16% of borrowers who signed up since its launch last year, while hundreds of thousands of homeowners remain in limbo."; document.write(''); if (typeof(articleSummary) == 'undefined'){ var articleSummary =""; } var articleSource = "USATODAY.com"; var yahooBuzzArticleId = 'usatoday:'+storyURL+'?csp=34'; var yahooBuzzBadgeType = 'text'; var twtUrl = usatlyshorturl; var maxLength = 140 - (twtUrl.length + 1); var twtSource = 'RT @USATODAY' if (storyTitle.length > maxLength) { storyTitle = storyTitle.substr(0, (maxLength - 5))+'...'; } var twtLink = 'http://twitter.com/home?status='+encodeURIComponent( twtSource + ' ' + storyTitle + ' ' + twtUrl ); function GetThis(T, C, U, L) { var targetUrl = 'http://www.myspace.com/index.cfm?fuseaction=postto&' + 't=' + encodeURIComponent(T) + '&c=' + encodeURIComponent(C) + '&u=' + encodeURIComponent(U) + '&l=' + L; window.open(targetUrl); } var sclListTop = ""; sclListTop +='; sclListTop +=' '; sclListTop +=' Share'; /*sclListTop +=' ';*/ sclListTop +='  Add to Mixx'; sclListTop +='  Facebook'; sclListTop +='  '; sclListTop +=' '; sclListTop +=' '; sclListTop +=' More'; sclListTop +=' '; sclListTop +='  Fark'; sclListTop +='  Digg'; sclListTop +='  Reddit'; sclListTop +='  MySpace'; sclListTop +='  StumbleUpon'; sclListTop +='  Propeller'; sclListTop +='  LinkedIn'; sclListTop +=' '; sclListTop +=' '; sclListTop +=' '; sclListTop +=' '; sclListTop +=' '; sclListTop +='; jQuery("#topSocialButtons").append(sclListTop); jQuery(".share-nav").treeview({control: ".treecontrol",animated: "medium",collapsed: true}); jQuery(function() { jQuery.ajax({ type: "GET", url: "/marketing/rss/settings.xml", dataType: "xml", success: BuildSubscribeButtons }); }); function BuildSubscribeButtons(xml) { // Build SSTS array var url = document.location.toString(); var urlArray = url.split("/") var nurl = ""; for (i = 3; i 0) { idx = nurl.indexOf('|'); jQuery(xml).find('add').each(function(){ if (jQuery(this).attr('key') == nurl) { feedid = jQuery(this).attr('value'); } }); if (feedid == "") { nurl = nurl.replace(/(.*)\|(.*)/,"$1"); } } jQuery(xml).find('add').each(function(){ if (jQuery(this).attr('key') == feedid) { feedname = jQuery(this).attr('value'); } }); if (feedname == "") feedname = "usatoday-NewsTopStories.xml"; var sclListTop = ""; sclListTop +='; sclListTop +=' '; sclListTop +=' Subscribe'; sclListTop +='  myYahoo'; sclListTop +='  iGoogle'; sclListTop +=' '; sclListTop +=' '; sclListTop +=' '; sclListTop +=' '; sclListTop +=' More'; sclListTop +=' '; sclListTop +='  Netvibes'; sclListTop +='  myAOL'; sclListTop +=' '; sclListTop +=' '; sclListTop +=' '; sclListTop +=' '; sclListTop +=' '; sclListTop +=' '; sclListTop +=' '; sclListTop +=' '; sclListTop +=' '; sclListTop +='; jQuery("#topSocialButtons").append(sclListTop); jQuery(".subscribe-nav").treeview({control: ".treecontrol",animated: "medium",collapsed: true}); } By Alan Zibel, AP Real Estate Writer WASHINGTON — The Obama administration's mortgage relief plan has helped only about 16% of borrowers who signed up since its launch last year, while hundreds of thousands of homeowners remain in limbo. The Treasury Department says that as of last month, about 170,000 homeowners had completed the application process and had their loan payments reduced permanentlyThat compares with nearly 1.1 million homeowners who have enrolled since the plan started. The program is designed to lower borrowers' monthly payments by reducing mortgage rates to as low as 2% for five years and extending loan terms to as long as 40 yearsTo complete the process, homeowners need to make three payments and provide proof of their income, plus a letter documenting their financial hardship. About 90,000 homeowners have dropped out so far. Homeowners in two California metro areas — Los Angeles and Riverside — have received the most help, with a combined 18,000 homeowners receiving permanent modifications. But only 3,900 borrowers in Las Vegas had completed the program, a dismal showing in a city hard-hit by the foreclosure crisis. Many analysts have been warning for months that the majority of borrowers will not complete the process because they are found to be ineligible during the trial phaseHousing counselors complain that many homeowners are waiting many months for a decision. Meg Reilly, a Treasury Department spokeswoman, said lenders are double-checking calculations on denied applications, and that has led to delays. Nevertheless, dissatisfaction with the program is widespreadThere have been behind-the-scenes talks in the nation's capital about how to get it back on track. The best solution, many analysts say, is an effort to reduce the outstanding balance for borrowers who owe far more on their homes than the properties are worth.

Trending Minnesota News:


  • Twins Sign No. 1 Pick Royce Lewis
  • Minnesota real estate developer tackles 'beyond ambitious' energy retrofit
  • Behind closed doors, lawyers dig into Prince's estate
  • QUAST
  • London Road apartment complex sells for almost $20 million
  • Minnesota Scene: Gophers softball team to open season with two games
  • Harvey's wrath extends all the way to Minnesota
  • Minnesota star of 'Big Brother' makes leap from reality TV to Edina Realty
  • Bank asset quality: Weak, but improving
  • Meet 2 real estate movers and shakers you need to know
  • Agencies to take comments on plan for Minnesota mining
  • Complaint puts New Age healers on Minnesota regulators' radar
  • BINMAN
  • Editorial: Time for a tune-up of Minnesota’s Truth-in-Taxation procedures
  • Renters Warehouse Announces its Fourth Year of Partnership With the Minnesota Twins
  • Trump administration renews mining leases near Minnesota's Boundary Waters Canoe Area
  • Sanford Health at odds with MN Health Department over private cams in nursing homes
  • Vikings hope early start helps rookies have fast start
  • Flashback Friday: Floodwaters Wreaked Havoc on Southeastern Minnesota 10 Years Ago
  • Never been called for jury duty in Minnesota? You’re not alone