WASHINGTON — President Barack Obama unveiled mortgage relief efforts Tuesday, including several aimed at helping service members trapped in the housing downturn or victimized by lenders.
Housing
As miserable as the housing market has been in Las Vegas, Sherry Stidhum didn’t want to sit on the sidelines waiting for the upswing. The high school teacher at Advanced Technologies Academy purchased her first home last year in the midst of Southern Nevada’s crippling housing bust, paying $100,500 for a three-bedroom, 1,660-square-foot foreclosure home in the master-planned Aliante community of North Las Vegas.
Banks significantly stepped up foreclosure starts in Nevada and other Western states in January, but the numbers are down from a year ago, Discovery Bay, Calif.-based ForeclosureRadar.com reported Thursday.
NEW YORK — Late payments on mortgages ticked up in the last three months of 2011, the second straight quarter-to-quarter increase after nearly two years of steady decline, but there were improvements in Nevada.
WASHINGTON — Overshadowed Thursday by the massive mortgage settlement between the states and major banks was the introduction of a Senate bill that could allow people to remain as renters after their homes are foreclosed upon.
Nevada, one of the states hardest hit by the collapse of the housing market, will get an estimated $1.5 billion from a $25 billion nationwide settlement over foreclosure abuses, Attorney General Catherine Cortez Masto said Thursday.
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