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.
Fannie-Freddie aid clears first vote (USA Today)
The House on Wednesday approved compromise legislation to shore up mortgage giants Fannie Mae and Freddie Mac while helping hundreds of thousands of homeowners refinance into more affordable loans.
Bush says he'll sign mortgage rescue bill (The Santa Rosa Press Democrat)
WASHINGTON -- The House easily approved legislation Wednesday that seeks to slow the steepest slide in house prices in a generation, rescue hundreds of thousands of homeowners at risk of foreclosure and reassure global markets that mortgage-finance giants Fannie Mae and Freddie Mac will not be allowed to fail.
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.
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.
House approves mortgage relief (San Diego Union-Tribune)
WASHINGTON – The House approved far-reaching government assistance yesterday for the nation's housing market, including broad authority for the Treasury Department to protect the nation's two largest mortgage finance companies from collapse.
House approves housing market rescue bill (Reuters via Yahoo! News)
The House of Representatives on Wednesday approved major housing market rescue legislation that would bolster Fannie Mae and Freddie Mac, set up a new regulator for the two mortgage giants, and create a fund to help thousands of distressed homeowners refinance their mortgages.