News Archives

Reviews results of the Obama administration's Homeowner Affordable Modification Program, and looks into the future of these borrowers.
March 11, 2014
Ms. Vinel Cooper in Philadelphia, PA knows first-hand how important this settlement has been. In October 2006, she purchased her home for $106,000. By November 2011, Ms. Cooper was desperately trying to save her home. She fell behind on her mortgage payments due to economic hardships, and was unable to pay down the missed payments even when her finances stabilized.
May 23, 2013
Public Service Announcement: The agreement provides $3.6 billion in cash payments to borrowers covered by the agreement. Borrowers covered by the agreement include those whose primary residences were in any stage of the foreclosure process in 2009 or 2010 and whose mortgages were serviced by one of the participating servicers.
April 1, 2013
This report represents the third in a series of rental housing affordability analyses conducted by the Community Development Studies and Education (CDS&E) Department of the Federal Reserve Bank of Philadelphia. It uses the latest available data to explore rental housing affordability conditions and trends for communities in the Third District between 2005 and 2010.
No Place Like Home:Philadelphia's Approach to Foreclosure Prevention: On September 21, 2011, RHLS released its No Place Like Home report which for the first time described the various components in Philadelphia's approach to foreclosure prevention in one place. The report looked at how the various elements work together and identify ways that the approach could be improved.


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