Headline News Archive

2008

November

12

• U.S. to simplify mortgage disclosure rules. Prospective home buyers would get a simpler way to understand often-confusing mortgage terms under new rules by the federal government. The Department of Housing and…

• Lenders hope simpler loan-rework system helps. As losses from bad loans continue to mount despite more than a year of government and industry focus, some of the giants of the mortgage…

• New plan for at-risk mortgages. Who is participating: Fannie Mae, Freddie Mac and many major lenders and mortgage servicers, effective Dec. 15. The servicer is the company to which you…

• Citigroup ayuda a propietarios con hipotecas. Citigroup ayudará a los clientes que tengan problemas para pagar las letras de la hipoteca concedida por ese banco y les dará una moratoria para…

11

• Citigroup will stop most mortgage foreclosures. Citigroup is imposing a moratorium on most foreclosures, becoming the latest big bank to announce sweeping efforts to try to curtail losses from sour mortgages.…

10

• Government to grant AIG larger bailout. The federal government today announced an expanded effort to bail out American International Group, including a partial government takeover of the company, as the troubled…

07

• Mounting job losses fueling foreclosures. For years, bad loans and their aftershocks have been sending homeowners into foreclosure. Now it's lost jobs that are putting troubled borrowers over the edge.…

06

• Schwarzenegger proposes 90-day freeze on foreclosures. Gov. Arnold Schwarzenegger on Wednesday proposed a 90-day freeze in pending home foreclosures to give California's financially pinched homeowners more time to get new or…

05

• Electricity bills fall as cheaper natural gas lowers rates. Here's a bright spot in an ailing economy: Electricity prices are falling in many areas. The sharp drop in natural gas prices and, to a…

• Más de 100,000 quiebras en octubre. Más estadounidenses tiraron la toalla en octubre: las declaraciones mensuales de quiebra superaron las 100,000 por primera vez desde que se restringieron las leyes de…

04

• Feds can't rebuild housing in a day. The federal government has tossed hundreds of billions of dollars at the various problems that ail the U.S. economy, but housing, the root cause of…

• Cuídate de los rescates de 'foreclosure'. Si alguna vez te sentiste tentado por un anuncio que decía: "Podemos salvar su casa. Garantizado"; o quizás: "Tenemos contactos especiales en varios bancos que…

• La guía para manejarte en la crisis. Cuando preguntamos a los norteamericanos sobre su mayor preocupación actual, nos respondieron fuerte y claro: tener suficiente dinero para jubilarse, el valor de sus ahorros…

03

• Bargain hunters help shrink housing glut. wer home prices are luring some buyers back into the U.S. housing market, but foreclosures and a weakening economy are likely to keep downward pressure…

02

• Shouldn't have to show 'em no stinkin' SSNs. For 43 trouble-free years, John Murray never left home without his American Express card. The retired data coordinator dutifully paid an annual fee every year…

• Beware promises to scrub bad credit reports. With foreclosures, short sales and credit card defaults at record levels, an aggressive breed of firms has sprung up offering to power-wash consumers' damaged credit…

• 10 ways to protect your home investment. You flip the switch and the heat goes on. You make your mortgage payments and your lender is not threatening you. So all's right with…

• Opening the tap on home equity. Many homeowners who have taken out home equity lines of credit have learned in recent months that these loans are not as useful as they…

01

• Home improvement shows skip drudgery. Thea Rudland knows how hard it can be to buy and sell a house, no matter what you see on television. She and her husband,…

October

31

• 7.5 million homeowners 'underwater'. At least 7.5 million Americans owe more on their mortgages than their homes are currently worth, according to a real estate research firm's report released…

• Mortgage plan may aid many and irk others. As the Treasury Department prepares a $40 billion program to help delinquent homeowners avoid foreclosure, it confronts a difficult challenge: not making the plan too…

30

• Federal government may back revised mortgages. Federal officials moved closer Wednesday to guaranteeing as much as $500 billion in mortgages after they are modified to make them more affordable to homeowners,…

28

• Home loans no longer a sure thing. Jonathan Schecter is set to close next month on the purchase of an apartment in New York City, but it's been an adventure getting there.…

• Foreclosures open door to disorder. Among the many harsh lessons for mortgage lenders in the housing bust is this one about evictions: Selling a house is far easier than taking…

• Coming to Detroit's rescue?. The Bush administration is in negotiations to broaden its $700 billion financial rescue plan to include U.S. auto companies, potentially opening the door to an…