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Officials: eBay sales worsening housing problems - WDTNCLEVELAND (AP) - Housing officials in northeast Ohio say the growing trend of buying and selling foreclosed homes on eBay is making it difficult for local authorities to determine who owns homes in need of repair. Cuyahoga County has been hit ...
Watershed event for $8 trillion in MBS, agencies unfolds - ReutersNEW YORK (Reuters) - A vast $8 trillion portion of the U.S. credit markets is expecting a big jolt this week after investors in mortgage-related debt on Sunday found a new heavyweight by their side -- the U.S. government. The U.S. Treasury's takeover ...
US banks face losses after Fannie and Freddie bail-out - Belfast TelegraphDozens of small regional banks in the US could be plunged into financial difficulties as a result of the government bail-out of Fannie Mae and Freddie Mac . Many banks hold preferred stock in the two mortgage giants, and the suspension of preferred ...
US Government takes over mortgage giants - Akron Beacon JournalThe Bush administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilize the housing market turmoil that is threatening financial markets and the overall economy. Treasury Secretary Henry Paulson is ...
Ohio's mortgage default rate - Canton RepositoryIn Ohio, 18.3 percent of the state's 207,612 subprime loans were past-due in the April-June period and 13.9 percent were in foreclosure. Among prime-loan mortgages offered to buyers with the best credit, 4 percent of 1.1 million loans were past-due ...
Fannie, Freddie deal helps some borrowers, not all - Akron Beacon JournalThe government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. But for homeowners already behind on their ...
Record 9 percent past due or in foreclosure - Cape Cod TimesWASHINGTON — The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers ...
Home loan troubles break records again - Daily HeraldWASHINGTON -- The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers ...
Home loan troubles go beyond subprime - Canton RepositoryWASHINGTON The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers Association ...
Ohio In Middle Of Foreclosure Crisis - WBNS 10TV ColumbusWASHINGTON — An industry group says Ohio is one of a handful of states where the nation's foreclosure problem is now concentrated. The Mortgage Bankers Association says a record 9 percent of American homeowners with a mortgage were either behind on ...
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