| Source: The Associated Press
Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures during the holiday season.
| Source: Reuters
The head of the Federal Deposit Insurance Corp said Thursday she is optimistic the agency will be able to obtain money from the $700 billion bailout fund to launch its proposed home-loan modification program quickly.
Wednesday, 19 Nov 2008 | Source: Reuters
Applications for U.S. home mortgages declined last week, with loans for purchases of single-family homes falling to their lowest level in nearly eight years, an industry group said on Wednesday.
Friday, 14 Nov 2008 | Source: CNBC.com
Treasury Secretary Henry Paulson defended his decision to change how the $700 billion bailout fund is used, telling CNBC it was forced by the spreading credit crisis.
Friday, 14 Nov 2008 | Source: Reuters
The Federal Deposit Insurance Corp Friday unveiled a plan to prevent about 1.5 million foreclosures by promising to share any losses with mortgage companies that agree to refinance certain home loans.
Thursday, 13 Nov 2008 | Source: Reuters
U.S. mortgage applications rose last week, recovering from an almost 8-year low, as potential borrowers took advantage of a sharp drop in interest rates, an industry group said on Thursday.
Thursday, 13 Nov 2008 | Source: Reuters
U.S. foreclosure activity in October rose 25 percent from a year earlier, although filings in California fell by double-digit percentage points for the second consecutive month due to a state law slowing the foreclosure process, according to a monthly report by RealtyTrac.
Wednesday, 12 Nov 2008 | Source: CNBC.com
The Treasury's decision to revamp the $700 billion bailout fund means it will focus on relatively healthy consumer debt rather than the toxic mortgages that triggered the crisis.
Wednesday, 12 Nov 2008 | Source: The Associated Press
The government may let more borrowers qualify for a $300 billion program designed to let troubled homeowners swap risky loans for more affordable ones, a top Bush administration official said Wednesday.
Wednesday, 12 Nov 2008 | Source: Reuters
Home values in the United States posted their seventh consecutive quarterly decline, with nearly one-third of Americans who sold in the past year losing money, real estate website Zillow.com said Wednesday.
Tuesday, 11 Nov 2008 | Source: The Associated Press
The US government and mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.
Tuesday, 11 Nov 2008 | Source: Reuters
Citigroup became the latest major lender to try to help borrowers stay in their homes, launching a program that may result in $20 billion of refinancings.
Monday, 10 Nov 2008 | Source: Reuters
Fannie Mae, the largest provider of funding for U.S. residential mortgages, on Monday said it lost a record $29 billion in the third quarter as the company wrote down a tax-related asset that has its buoyed capital.
Friday, 7 Nov 2008 | Source: Reuters
The size of most loans eligible for Fannie Mae and Freddie Mac funding will be unchanged in 2009 at $417,000, but caps on exceptions in many costly regions fell, the companies' regulator said Friday.
Friday, 7 Nov 2008 | Source: Reuters
Pending sales of existing U.S. homes fell in September, reversing the previous month's gains, as access to credit tightened, a private report showed on Friday, adding more gloom to the broader economic outlook.
Posts |
TOPIC : Subprime Lending
19 Nov 2008
I've heard a lot of arguments against, but today I read the most compelling testimony from David Kittle, Chairman of the Mortgage Bankers Association before the Senate Judiciary Committee... Read More
18 Nov 2008
We can talk all we want about the TARP program and who should get under that umbrella... Read More
12 Nov 2008
So here I am on Capitol Hill covering a hearing at the House Financial Services Committee (starring Chairman Barney Frank D-MA), entitled Private Sector Cooperation with Mortgage Modifications—Ensuring That Investors, Servicers, and Lenders Provide Real Help for Troubled Homeowners.... Read More
11 Nov 2008
Another big bank offers a plan to keep people in their homes... Read More
11 Nov 2008
I’m all about the help, but I have some issues (I always have some issues)... Read More
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