News

2008

March

29
  • Bush readies mortgage aid plan. The Bush administration is finalizing details of a plan to rescue thousands of homeowners at risk of foreclosure by helping them refinance into more affordable mortgages backed by public funds, government officials said. The proposal…
  • Jumbo loans back with stiffer terms. Your tax rebate check won't arrive until May, but the economic stimulus plan's new super-size loans for buyers in high-cost housing areas have hit the market. Depending on the location of the property you want…
28
  • ''Tours'' de compradores visitan casas en venta. El autobús se interna en un tranquilo barrio suburbano y se detiene frente a una casa deshabitada con un cartel que dice ''Se vende vivienda embargada''. Los vecinos, viejos y jóvenes, se asoman curiosos para…
27
  • Mortgage memo pushes 'cheats & tricks'. A newly surfaced memo from banking giant JPMorgan Chase provides a rare glimpse into the mentality that fueled the mortgage crisis. The memo's title says it all: "Zippy Cheats & Tricks." It is a primer…
  • How not to prevent foreclosures. With foreclosures surging, the last thing the nation needs is another government-hosted meeting where mortgage lenders pledge once again to do their utmost to help distressed borrowers stay in their homes — and then go…
  • Equity loans next round in credit crisis. Little by little, millions of Americans surrendered equity in their homes in recent years. Lulled by good times, they borrowed — sometimes heavily — against the roofs over their heads. Now the bill is coming…
25
  • Houses stolen in mortgage fraud. Federal prosecutors Monday charged 19 individuals, mainly from Southern California, with defrauding homeowners in trouble partly by using "foreclosure rescue pitches" and an equity-draining technique called equity stripping. Two indictments made public Monday accused Charles…
  • Estadounidenses ya empezaron a ahorrar. Durante meses, los estadounidenses han sido bombardeados por todo tipo de malas noticias en el frente económico: aumenta el desempleo, suben los precios de la gasolina, se hunde el mercado inmobiliario, trepa la inflación, se…
  • Inesperado aumento en venta de viviendas. Luego de caer durante seis meses consecutivos, la venta de viviendas en Estados Unidos registró un incremento inesperado en febrero, informó ayer una organización que agrupa a corredores de bienes raíces. La Asociación Nacional de…
24
  • Not to late to refinance home. Earlier this year, when mortgage rates dipped below 6% for the first time since 2005, homeowners rushed to refinance costlier loans. In fact, more than six out of 10 mortgage applications so far this year…
  • Foreclosure fairs offer support to homeowners. MERCED, Calif. — An overflow crowd piled into the Merced Civic Center, spilling out of the main auditorium, into the halls and down the stairs. Some brought babies, others elderly parents. Everyone brought their paperwork…
  • Free ride for some pay-to-save energy users. Cheaters are pocketing millions of dollars a year from increasingly popular utility programs that pay consumers and businesses to conserve energy, industry officials say. Businesses that don't cut their power usage at all reap windfalls.…
23
  • Why we borrow till it hurts. If the subprime mortgage mess has taught us anything, it is that we are leverage addicts. Nearly all of us are - from Northern Virginia, where we bought big houses with no money down, to…
  • Consider carefully selling downturned stocks. Are you an investor convinced that stock prices can go no place but down? And did you once believe housing prices could go no place but up? Predictably, many investors who believed in the housing…
22
  • Treasury: $100 minimum securities purchase. The Treasury Department deals in billions and even trillions of dollars, but it can think small, too. Officials announced Friday that starting next month, individuals will be able to buy Treasury securities, including Treasury Inflation-Protected…
  • Help from HUD to simplify statement. Almost anyone who has bought a house or taken out a mortgage in recent years knows the problems: Lenders' "good-faith estimates" of loan and settlement fees provided at application are too often off the mark.…
20
  • Democrats, Bush square off over housing relief. Now that the Federal Reserve has pledged billions of dollars to rescue Wall Street bankers from possible default, lawmakers and regulators are turning their attention to helping average citizens -- from homeowners in danger of…
  • Amplían rescate inmobiliario. El gobierno federal autorizó ayer a Freddie Mac y Fannie Mae, las más grandes operadoras hipotecarias del país, a reducir sus reservas estratégicas, con el fin de usar el capital cautivo para darle un levantón…
  • Temor a más fraudes hipotecarios. Expertos en el mercado de bienes raíces temen que la ayuda económica aprobada por el gobierno federal para aliviar el sector inmobiliario, aunado a las diversas rebajas en tasas de interés adoptadas en tiempos recientes,…
19
  • Democrats draft plans for distressed homeowners. After the collapse over the weekend of one of Wall Street's biggest investment banks, Democrats in Congress said they plan to move quickly on legislation aimed at stabilizing financial markets by helping as many as…
 

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