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Obama, McCain call for changes in mortgage giants - Boston Globe
TERRE HAUTE, Ind.— Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP nominee ...

Cashing out the nest egg - Minneapolis Star Tribune
V ernie Anderson almost fell for the phone pitch. "Turn $30,000 into $90,000 with your own Web page," he was told. A reverse mortgage could get him the cash he needed to start an online business. But the local banker balked when Anderson asked for ...

CHARLIE'S TROPICAL DEAL - New York Post
Controversial Rep. Charles Rangel, already under fire for not paying taxes on income from a beachfront villa he owns in a Dominican resort, also got an interest-free mortgage on the sun-soaked property, his lawyer revealed yesterday. The embattled ...

Mortgage finance companies Fannie Mae, Freddie Mac failed to ... - Grand Forks Herald
Mortgage giants Fannie Mae and Freddie Mac - despite their robust cadre of economists and mortgage experts - failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies - particularly Freddie Mac - didn't ...

Government may soon back troubled mortgage giants - Houston Chronicle
We're sorry, but the article you requested is not currently available on Chron.com . If it's an older article that you had bookmarked, you may be able to find it in the archives . If you got to this page from a current link on our site, then it's an ...

Federal Gov't plans to stabilize troubled mortgage finance companies ... - Grand Forks Herald
A top House Democrat confirmed Saturday that the government is planning to intervene to stabilize troubled mortgage finance companies Fannie Mae and Freddie Mac. In this Aug. 13, 2008 file photo, a foreclosed home sits empty in Chandler, Ariz. A ...

Why mortgage rates aren't falling - Walletpop.com
With the Fed holding rates for the foreseeable future, you may think this is a great time to refinance your mortgage or buy a new home. But because of the "credit crunch" you are no doubt sick of hearing about, rates are actually higher than they ...

Mortgage giants face US takeover - Boston Globe
WASHINGTON - Senior officials from the Bush administration and the Federal Reserve yesterday informed top executives of Fannie Mae and Freddie Mac , the mortgage finance giants, that the government was preparing to seize the two companies and place ...

Seattle bankruptcy trustee sues CEO of mortgage lender MILA - Seattle Business Journal
The bankruptcy trustee of failed mortgage lender MILA has filed suit against its chief executive, alleging that he “looted” the company for personal gain for two years before it shuttered. The suit, filed in U.S. Bankruptcy Court in Seattle ...

Housing slump drags on broader Southern California economy - Los Angeles Times
The Promenade Shops at Dos Lagos opened two years ago in Corona, aimed at serving the legions of people moving into upscale new housing tracts in the surrounding hills. Discount center it isn't. This is where you go to find a $3,300 home espresso ...

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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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