News

2008

May

08
  • Fed, FTC propose new rules on poor-credit notices. Lenders would be required to tell consumers when they are being offered less favorable terms based on poorer credit scores under new rules proposed on Thursday by the Federal Reserve and the Federal Trade Commission.…
  • Seeking a mortgage workout? Be patient. It seems that mortgage servicers aren't satisfying anyone these days. Homeowners get fed up when they try to work something out with their servicers, to no avail. Real estate agents complain that mortgage companies drag…
  • Bush says he'll veto foreclosure relief bill. President Bush declared Wednesday that he would veto the foreclosure relief legislation under consideration in Congress, surprising Democrats who believed that they had administration support for key portions of the bills. In brief remarks after…
07
06
  • Doubts raised on Fannie Mae and Freddie Mac. As home prices continue their free fall and banks shy away from lending, Washington officials have increasingly relied on two giant mortgage companies — Fannie Mae and Freddie Mac — to keep the housing market…
  • Bernanke: Let's fight foreclosures. Federal Reserve Chairman Ben Bernanke warned late Monday that the federal government should do more to stave off home foreclosures that threaten credit markets and the economy, even as a Fed survey showed the percentage…
05
  • Mortgage investigation intensifies. Federal agencies are intensifying a criminal investigation of the mortgage industry and focusing on whether some lenders turned a blind eye to inflated income figures provided by borrowers. The Federal Bureau of Investigation and the…
  • Unlikely allies forge winning strategy. One is a free-market Republican from Wall Street with roots in the rural Midwest and a passion for bird-watching. The other is a rumpled, union-hall Democrat from Bayonne, N.J., who once famously described himself as…
04
  • Not easy to find help on brink of foreclosure. Zena Collins knew she had a serious problem when she could no longer afford electricity. The mortgage payment on her Gaithersburg house had jumped about $500, to $2,000 a month, not counting taxes and insurance,…
  • Paying online can weave web of problems. My friends tell me it's quick and painless. They say doing it makes life feel so much easier. They also swear that once you start, you won't be able to live without it. It sounds…
03
  • Credit restrictions are now the rule. Like a spreading infection, restrictions on credit are moving into new and more specialized niches of the mortgage market. Among those now feeling the pinch: Cash-out refinancings. Loans with anything less than full documentation of…
02
  • Nueva ley contra discriminación. Las compañías no podrían usar información genética para tomar decisiones sobre empleo o seguros, de acuerdo con un proyecto de ley aprobado casi por unanimidad por el Congreso y que ahora irá a la Casa…
  • Ahora es el momento de comprar casa. Ahora podría ser el momento propicio para comprar en el caso de quienes deseen aprovechar una oportunidad en el mercado inmobiliario. Las posibilidades pueden ser especialmente lucrativas para los inquilinos que no tienen casa propia…
01
  • Not all credit scores created equal. AS THE DIRECTOR of finance at a Spring Hill, Fla.-based Chrysler dealership, Marvin Hedrick has had his fair share of skeptical (and unhappy) clients, especially when he has to turn someone down for an auto…
  • FDIC plan for home refinancing. A key federal regulator released a proposal to address the mortgage crisis Wednesday, calling on the Treasury Department to help troubled borrowers by lending them 20% of their mortgage principal to spur refinancing into more…
  • Brokers in the fast-and-loose lane?. There are lots of proposed remedies to prevent another mortgage catastrophe like the one we're going through now. Most of the suggestions I've seen won't fix the loopholes that allowed so many borrowers to take…

April

30
  • Foreclosures double, home prices tumble. The most severe real estate recession in decades appears far from over, with the pace of foreclosures rising, the fall in home prices accelerating and the pain spreading to nearly every major U.S. city, according…
29
  • Experts, consumers share home market views. The spring home-buying season is kicking off in the midst of the most painful real estate recession in decades, with prices tumbling and many Americans losing their homes to foreclosure because they can't pay their…
  • Nuevo récord de viviendas vacías. El porcentaje de viviendas vacías a la venta en Estados Unidos alcanzó un nuevo récord en el primer trimestre del año, anunció el gobierno el lunes . El informe de la Oficina del Censo muestra…
27
  • Prosecute the mortgage sharks. When Treasury Secretary Henry M. Paulson released the government's blueprint for overhauling the nation's financial regulatory structure, he promised to direct more attention toward the front-line people who arrange mortgage loans. "Simply put, that process…
 

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