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News about Mortgages:
General Growth gains extension on debt - Toledo BladeCHICAGO — Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions ...
AP IMPACT: They warned us, but US eased loan rules - Associated PressWASHINGTON (AP) -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably ...
Mortgage-crisis warnings ignored - Philadelphia InquirerWASHINGTON - The Bush administration ignored warnings of a financial meltdown and backed off proposed curbs on no-money-down, interest-only mortgages years before the collapse, buckling to resistance from some of the same banks that now have failed ...
Fed announces new plan to support mortgage - ReutersWASHINGTON (Reuters) - The Federal Reserve, in another massive life-support intervention for the U.S. financial system, on Tuesday announced a $600 billion program to buy mortgage-related debt and securities and a $200 billion facility to buy ...
Week in Review - Sunday, Nov 30 - Delaware OnlineSecret 'superchecks' let state police look at mental health records. WASHINGTON -- When the government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They're also potentially on the hook for tens ...
Chase to cut 9,200 jobs at WaMu - Columbus DispatchNEW YORK -- JPMorgan Chase & Co. said yesterday that it will eliminate 9,200 jobs at Washington Mutual, which it acquired Sept. 25 after Washington Mutual became the nation's largest bank to fail amid the ongoing credit crisis. Of the 9,200 jobs ...
Letter: Mortgage crisis might have been worse without CRA - Salem NewsSo Taylor Armerding has joined the conga line of conservatives blaming those darn liberals and their do-goodin' ways for the current economic mess ("Nothing 'free' about market that led to our economic downfall," Viewpoint, Thursday, Nov. 27 ...
Fed says it will buy mortgage-related assets - Ann Arbor NewsWASHINGTON (AP) — The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis. The Fed said it will purchase up to $100 billion in direct obligations from mortgage ...
GRAUER: Government finances look like one big sub-prime mortgage - Rocky Mountain NewsIf you think the current mortgage-related sub-prime meltdown has been bad, you haven’t seen anything yet. The current state of the federal government’s finances looks suspiciously like the mortgage sub-prime mess. We need to learn from the ...
Fed Buying $600 Billion in Mortgage Assets - The LedgerWASHINGTON | The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis. The Fed said it will purchase up to $100 billion in direct obligations from mortgage giants ...
Today's Mortgage Terms starting with N
Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
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