News

2008

April

12
  • Walking out of mortgage, into years of hurt. The country's two largest sources of mortgage money have a blunt warning for anyone thinking about joining the growing "walkaway" trend, in which homeowners stop making payments and months later send the house keys back…
11
  • Aprueban nueva ayuda con las hipotecas. El Senado aprobó ayer con amplio respaldo bipartidista un proyecto de ley que incluye exenciones tributarias y otros pasos diseñados para ayudar a empresas y dueños de vivienda a capear la crisis hipotecaria. La medida…
10
  • Senate passes bill to ease housing crisis. The Senate today passed a bipartisan package of tax breaks and other steps designed to help businesses and homeowners weather the housing crisis. The measure passed by an impressive 84-12 vote, but even its supporters…
  • White House plan to aid subprime borrowers. The Bush administration yesterday unveiled a plan to rescue 100,000 homeowners at risk of foreclosure by relaxing eligibility standards for government-backed loans and encouraging lenders to forgive a portion of their debt. The proposal was…
09
  • Bush to offer more mortgage aid. The Bush administration is expanding a government program to help homeowners head off foreclosure as it scrambles to counter Democratic calls for a broader federal housing rescue. The plan would let more low- to moderate-income…
  • Engatusados por agentes hipotecarios. Una investigación del Centro de Préstamos Responsables (CRL) dada a conocer ayer indica que los prestatarios que obtuvieron sus préstamos a través de agentes hipotecarios, especialmente tratándose de aquellos con bajos ingresos, terminaron pagando mucho…
08
  • U.S. House to offer housing plan. House Democrats are crafting a response to the nation's housing crisis that would offer tax breaks to homeowners, first-time home buyers and developers of low-income housing but would not provide tax relief to the struggling…
07
  • Embargos golpean las zonas rurales. El final llegó en un abrir y cerrar de ojos, afuera del tribunal del condado de Merced. Sólo seis personas se presentaron al remate de ejecuciones judiciales, incluyendo a Janice Pimentel y su hijo Nick.…
03
  • U.S. Senate ignores help for homeowners. Consumer Action joined other consumer, civil rights and housing groups in opposing the Senate's formula for homeowners on the brink of foreclosure. Consumer Action and others argue that loan modifications through bankruptcy should be part…
  • Wrong relief. Democrats and Republicans in the Senate have joined hands and are marching to rescue the U.S. housing market. Far be it from us to rain on this bipartisan parade, which would marshal such measures as…
  • Housing accord puts builders first. Senate Democratic and Republican leaders rushing to address the nation's housing crisis reached agreement yesterday on a package that would provide billions of dollars in tax rebates to the slumping home-building industry while offering little…
  • Plan bipartidista de rescate hipotecario. Los líderes del Senado acordaron el miércoles una iniciativa de ley bipartidista diseñada para dar alivio al mercado de la vivienda y ayudar a millones de familias amenazadas con una ejecución de su hipoteca, aunque…
02
  • Distressed owners frustrated by housing help. Every day more than 4,500 people call Hope Now, the White House-backed group formed to help struggling homeowners. But few of them appear to be getting the relief they are hoping for. One reason is…
  • Senators agree to make deal on housing. Under pressure from voters to address the nation's housing crisis, Senate Republicans agreed yesterday to work with Democrats on a compromise plan to stimulate sagging home sales and help distressed homeowners avoid foreclosure. The agreement…

March

31
  • Repo man? More like repo Big Brother. When the light starts to flash, you had better have the cash. That's the reality for millions of subprime borrowers whose used car purchase is contingent upon having an unusual option: a little box mounted…
  • State cutbacks felt by most needy. In Illinois' Cook County, women in poor neighborhoods no longer have access to free mammograms from two mobile vans testing for breast cancer. In Michigan, hikers will find about 20 campgrounds closed, and scientists are…
  • Vuelta a lo natural. Regrese a lo práctico. Limpiar su casa con bicarbonato y vinagre, por ejemplo, podrían parecerle austero, poco práctico y quizá ridículo, pero son funcionales. Sobre todo si con su uso, no le causan ningún daño.…
30
  • The year of budgeting magically. Financial counselors often tell their clients to prepare monthly budgets rather than yearly ones, on the theory that it is easier to predict expenses over a short period. But a paper recently published in The…
  • No sure bets in personal data security. When a Maryland dental HMO acknowledged this week that it had accidentally posted the names, addresses and Social Security numbers of 75,000 members on its Web site, the revelation made news. But the security breach…
  • Long fight ahead for Treasury blueprint. Lawmakers and regulators said yesterday that an ambitious plan by the Treasury Department to revamp the nation's decades-old financial regulatory structure could require congressional action stretching over several years and would not help the economy…
 

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