Mortgage and Financial News From 2007-8-31 Page 5

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  • Bush, Bernanke launch twin subprime assault

    Reuters - Bush promised to help struggling homeowners refinance their mortgages. Chairman Ben Bernanke also said the central bank would ... Rising default rates on home loans to less credit-worthy U.S. borrowers, coupled with falling house prices, have caused ...
    2007-08-31 08:10:00
  • Business Minute: Stocks are higher...Bush outlines mortgage response ...

    WDAM-TV - Buying or Selling a Home? ... of the plan would allow homeowners with good credit histories, who cannot afford their current mortgage payments, to refinance ...
    2007-08-31 05:11:00
  • NAR President Issues Statement on Bush's Proposed FHA Changes

    Forbes - ... their mortgage payments at the starter rate but were unable to keep them up after the loan reset have been unable to refinance through the FHA, but with this increased flexibility, FHA can now help many more families in jeopardy of losing their home. ...
    2007-08-31 04:21:00
  • Bush will offer relief for some on home loans

    International Herald Tribune - In general, the administration wants home buyers to pay for any measure that might help them, and Democrats want measures ... that the administration would encourage Fannie Mae and Freddie Mac to help low-income holders of subprime mortgages refinance ...
    2007-08-31 09:33:00
  • Bush moves to ease lending crisis

    BBC News - ... Bush said the measures were aimed at stopping more people defaulting on their repayments and to allow owning a home to ... They include reform tax laws to help troubled borrowers refinance their loans, but the President added that it was not the ...
    2007-08-31 07:20:00
  • REAL ESTATE MAILBAG

    Washington Post - I'm wondering about mortgage refinance junk fees. I know consumers have the right to avoid these fees, but my experience has ... My boyfriend and I have owned a home together for about 10 years. We each pay half of everything. But only my name is on ...
    2007-08-31 07:56:00
  • Expanded Role for FHA Necessary & Critical

    Forbes - In that letter, NCRC proposed that the FHA be allowed to refinance loans for borrowers who had defaulted on non-traditional ... These losses will cost working families billions of dollars of home equity, undermine property values for neighboring ...
    2007-08-31 06:16:00
  • U.S. stocks up as Bush offers help to troubled home owners

    Marketwatch - ... President Bush proposed a change in the Federal Housing Administration mortgage insurance program to let more people refinance ... you agree to the Terms of Service and Privacy Policy (updated 6/26/07). U.S. stocks up as Bush offers help to troubled home ...
    2007-08-31 02:48:00
  • A century of intervention in the mortgage market

    MSN MoneyCentral - The FHA was created during the first real home-loan crisis in 1933, when foreclosures spiked to around 50 per cent as owners were unable to refinance the five-year mortgages then on offer. Its guarantee programme effectively created the modern ...
    2007-08-31 08:10:00
  • Bush subprime plan won't cure banks' credit woes

    Reuters - He also pledged to work with the Democratic-controlled Congress to temporarily change a tax code provision to make it easier for homeowners to refinance their home loans. Analysts said the proposals, even if adopted, wouldn't solve problems that ...
    2007-08-31 07:34:00
  • Bush Tackles Home Financing Crisis

    CBS News - Higher interest rates and weak home values have made it impossible for some to pay or to keep up with their monthly mortgage payments. Some overstretched homeowners can't afford to refinance or even sell their homes. Mortgage foreclosures and late ...
    2007-08-31 04:07:00
  • Bush Pledges FHA Help for Subprime Mortgage Borrowers (Update3)

    Bloomberg - He said he also will support proposals in Congress to provide tax relief for homeowners who refinance. U.S. home resales fell in July to an annual pace of 5.75 million, the slowest since November 2002, the National Association of Realtors ...
    2007-08-31 06:44:00
  • FHA reform for home loans likelier after Bush speech

    Reuters - On Friday, Bush promised to help less creditworthy subprime borrowers refinance into new loans by relaxing some aspects of the Federal Housing Administration's loan insurance for high-risk home buyers. The Federal Housing Administration, set up after ...
    2007-08-31 06:16:00
  • Bush to step in to help hamstrung homeowners / Series of proposals designed to stem rise in mortgage defaults, home ... (San Francisco Chronicle)

    The Bush administration today will propose a set of policies meant to help ease the wave of mortgage defaults, according to senior administration officials. It is the administration's first broad effort to deal with rising levels of home foreclosures, which...
    2007-08-31 08:08:30
  • Men Accused In Home Invasion, Sexual Assault (KMGH 7 Denver)

    Two men have been formally advised of the felony charges they face after an apparent home invasion in Colorado Springs.
    2007-08-31 07:28:02