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News about Mortgages:
The Slump Persists: Home Sales Tumble Across U.S. - Washington PostA lender foreclosure sign is seen in front of a house, Thursday, July 24, 2008, in Shaker Heights, Ohio. Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than ...
House OKs Mortgage Rescue Bill - Tampa Bay OnlineWASHINGTON - The House on Wednesday easily approved legislation 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 ...
Aguirre targets Countrywide in suit - San Diego Union-TribuneHoping to stem the tide of home foreclosures, San Diego City Attorney Mike Aguirre yesterday sued the nation's largest lender, accusing it of fraudulent subprime lending and demanding that it stop taking back homes from delinquent borrowers. The suit ...
Rescue of mortgage giants could hit $25 billion - Akron Beacon JournalWASHINGTON: A federal rescue of Fannie Mae and Freddie Mac could cost taxpayers $25 billion, congressional budget experts said Tuesday, as lawmakers put finishing touches on legislation that would tap the troubled mortgage giants' profits to help ...
Are credit cards the next to nosedive? - Canton RepositoryCANTON A countrywide subprime mortgage foreclosure free fall is old news. Stark County officials worry the credit card industry could be next. And if it collapses, watch out. Auditor Kim Perez said the economy could be devastated if the credit card ...
Potential impact of federal housing package - San Francisco Gatedel.icio.us The House approved on Wednesday and President Bush dropped his opposition to a far-reaching housing package designed to reinvigorate the real estate market and economy, shore up mortgage giants Fannie Mae and Freddie Mac, and assist ...
Jobless claims jump as housing market gets weaker - Miami HeraldWASHINGTON Two cornerstones of the economy - jobs and housing - sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record. The bleak reports underscored the self-reinforcing ...
Bush endorses mortgage rescue - Washington TimesPresident Bush angered House Republican leaders Wednesday by endorsing a sweeping Democratic bill aimed at easing the nationwide housing crisis, paving the way for hundreds of thousands of homeowners trapped in subprime loans they can't afford a ...
Housing bill won't solve market's problems - Akron Beacon JournalCash-strapped homebuyers and borrowers facing foreclosure will get some relief from a housing bill passed by the House on Wednesday but the bill won't solve the deep-rooted ills of the U.S. housing market. The bill was widely praised by real estate ...
Edwards: The Agony of the MSM - SlateNibbling at the edges of the MSM: Imus laments that the Edwards L.C. story is "starting to become news." ... And there's always the late-night comics' rabbithhole into public consciousness . ... But the MSM wants photos Dallas Morning News' Rod ...
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