|
Top Recommended Merchants
|
|
|
House OKs mortgage rescue (CNN Money)
The House on Wednesday voted 272-152 to pass sweeping legislation that will offer up to $300 billion in assistance to troubled homeowners and throw government support behind mortgage finance giants Fannie Mae and Freddie Mac.
House approves mortgage rescue (The Philadelphia Inquirer)
WASHINGTON - The House approved a sweeping plan yesterday to ease the most serious housing crisis since the Great Depression by providing aid to homeowners facing foreclosure and a federal backstop for the struggling mortgage giants Fannie Mae and Freddie Mac.
A Mortgage Rescue Strains Calculations (New York Times)
The proposed government rescue of the nation's two mortgage finance giants should appear on the federal budget as a $25 billion expense, the independent Congressional Budget Office said on Tuesday, but officials conceded that there was no way to really know what, if anything, a bailout might cost taxpayers.
State regulator defends role in mortgage mess (Miami Herald)
Facing calls for his ouster after allowing thousands of criminals to sell home loans in Florida, the state's embattled chief mortgage regulator proposed changes that would toughen the law to help keep felons out of the industry.
Mortgage rates nearing 5-year highs (The Plain Dealer)
Mortgage rates are rising because of the troubles at loan finance giants Fannie Mae and Freddie Mac, threatening to deal another blow to the faltering housing market.
House OKs mortgage rescue legislation (Chicago Tribune)
Bush drops threat to veto mortgage bill The House has approved a sweeping plan to ease the most serious housing crisis since the Great Depression by providing aid to homeowners facing foreclosure and a federal backstop for struggling mortgage giants Fannie Mae and Freddie Mac. President George W. Bush drops a threat to veto the bill.
Massachusetts: After Fax to Mortgage Firm, a Suicide (New York Times)
A Taunton woman fatally shot herself soon after faxing a letter to her mortgage company saying that by the time they foreclosed on her house that day, she would be dead.
Mortgage rates rise to highest level in a year (Bankrate.com)
Mortgage rates took a big jump this week, to their highest point in a year. There's no single explanation for the rise. The benchmark 30-year fixed-rate mortgage rose 35 basis points, to 6.77 percent, according to the Bankrate.com national survey of large lenders.
House passes mortgage rescue bill (The Buffalo News)
WASHINGTON -- The House on Wednesday approved legislation aimed at helping 400,000 strapped homeowners avoid foreclosure and preventing the collapse of troubled mortgage companies Fannie Mae and Freddie Mac.
Walking out on mortgage drives down home values (The Plain Dealer)
Columbus- Experts say fretting homeowners who worry the mortgage market is worsening are, well, making the mortgage market worsen. Fearing they might default on their loans, some are walking away from mortgages and cutting their losses - a move experts say only deepens the crisis.
