Mortgage and Financial News From 2008-5-12 Page 13
Previous Day: 2008-05-11
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FHA relief plan missing its target (The Salt Lake Tribune)
WASHINGTON - Last August, President Bush promised to help homeowners who had fallen behind on their mortgage payments refinance with stable government-insured loans.
2008-05-11 11:27:07 -
Lenders offer little help in foreclosures (Boston Globe)
Three times, Thomas and Tracy Barboza found a path out of foreclosure. Three times, their lender failed to help them.
2008-05-12 12:54:32 -
Housing rescue: Fighting over the best fix (CNN Money)
While Congress grapples with how to help troubled homeowners, the Bush administration is expanding a more modest effort to help at-risk borrowers.
2008-05-12 01:15:39 -
Subprime loans taking homeowners down (The Times of Northwest Indiana)
As hospital bills mounted from her mother's life-threatening illness two years ago, Stacey Clemons took a look at the home refinancing they had done in an effort to pay off some of those bills.
2008-05-12 01:38:18 -
Delphi Asks Court to Increase Bankruptcy Loan by $254 Million - Bloomberg
May 11 (Bloomberg) -- Delphi Corp ., the bankrupt former parts subsidiary of General Motors Corp., asked the court to approve a $254 million increase in its loan package, after more lenders showed interest in funding the loan than the company ...
2008-05-11 10:46:00 -
Money is tight, or is it? - International Herald Tribune
It appears to be a conundrum. U.S. banks tell the Federal Reserve that they are tightening loan standards across the board, and that demand for loans is down from consumers as well as businesses. But the amount of money they are lending has been ...
2008-05-10 05:18:00 -
Plan may help more avoid foreclosure - Charleston Post & Courier
The grim outlook for the U.S. housing market means we're hearing more strategies for solving this mess. The debate on how to fix things is likely to get more intense. What do you do to prevent foreclosures by homeowners who are having trouble making ...
2008-05-11 08:55:00 -
The Biggest Housing Losers - Wall Street Journal
You may not know it, dear reader, but Congress is playing you for a sap. During the housing mania, you didn't lend money at teaser rates to borrowers who couldn't pay, or buy a bigger house than you could afford. You paid your bills on time. As a ...
2008-05-11 07:50:00 -
Area Votes in Congress - Philadelphia Inquirer
WASHINGTON - Here is how Philadelphia-area members of Congress were recorded on major roll-call votes last week: House Federal mortgage relief. Voting 266-154, the House authorized a program in which mortgage holders would refinance hundreds of ...
2008-05-10 11:48:00 -
Auction-Rate Wreck Drives Borrowers to Protect `Our Good Name' - Bloomberg
May 12 (Bloomberg) -- Local governments and mutual fund managers who suffered the least from the collapse of the auction- rate bond market are refinancing securities rather than risk losing the confidence of their investors. The Southern California ...
2008-05-11 09:16:00