Christine Eaton's (christineeaton) Blog

(NYtimes.com) WASHINGTON — The Federal Reserve entered a new era on Tuesday, lowering its benchmark interest rate virtually to zero and declaring that it would now fight the recession by pumping out vast amounts of money to businesses and consumers through an expanding array of new lending progra...

The ongoing partnership between all housing industry players -- Lenders, Brokers, Realtors®, Builders and FHA -- is critically important to our mutual success. Creating a stable housing market, where homebuyers can make sound financial decisions to achieve the American dream, must be our top prio...

(minyanville.com) With millions of homeowners falling behind on their monthly payments, one in 6 underwater, and countless more struggling to keep up, politicians and banks alike are jumping on the loan modification bandwagon. A modification -- or “mod,” as it’s known in the industry -- is simply...

(The Orange County Register) Banks have dramatically scaled backed their foreclosure filings against Orange County homeowners. But will it last? The big drop in filings started in September. That month lenders filed 871 notices of default in the county, down 65 percent from August and the lowest ...