News

2007

December

19
  • Federal Reserve unveils mortgage rules. The Federal Reserve proposed new regulations yesterday to clean up a broad array of deceptive mortgage lending practices, a move that represents the central bank's most significant response to the nation's housing tumult. The proposed
  • Plan para regular préstamos hipotecarios. El Banco de Reserva Federal (Fed) presentó un plan el martes para proteger a los propietarios de viviendas de préstamos inescrupulosos. Las normas propuestas, aprobadas por la junta con cinco votos a favor y
18
  • Fed shrugged as subprime crisis spread. Until the boom in subprime mortgages turned into a national nightmare this summer, the few people who tried to warn federal banking officials might as well have been talking to themselves. Edward M. Gramlich, a
  • Fed plan to clean up shady home lending. Federal Reserve plan being announced Tuesday would give people taking out home mortgages new protection against shady lending practices. The rules to be proposed are especially geared to providing some safeguards to the riskiest "subprime"
16
  • What to expect from Fed rate cut. Holiday bills have you worried? Bracing for your mortgage payment to reset higher? Have a certificate of deposit coming due? In all three situations, the Federal Reserve plays an underlying role. And since September, that
  • Heating oil vs. gas: which pays?. When my wife and I bought our 1924 Baltimore rowhouse, we figured the original oil-fired boiler in the basement was just part of the charm of having an old house - like inlaid hardwood floors and
15
  • Mortgage rate freeze depends on credit score. It may be the only test you flunk if you score too high: It's called the FICO credit-score test, and it is a key element of the sometimes-arcane guidelines governing which homeowners qualify for "fast-track"
14
  • FHA loan expansion heading to a vote. Hundreds of thousands of minority and moderate-income home buyers would become eligible to get low-rate, low-down-payment mortgages insured by the federal government under an agreement struck yesterday in the Senate. The measure, which had been
  • 2 states probe Countrywide home loans. The nation's No. 1 mortgage lender, Countrywide Financial Corp., is under investigation by California Atty. Gen. Jerry Brown and the attorney general's office in Illinois, the Calabasas company said Thursday. Countrywide said it had received subpoenas
13
  • Preparing for tax time. Here are two words that can get a person so riled up you would think you'd insulted his mama: tax time. Yes folks, no use grousing. Before you realize it, the time to file your
12
  • Donald Trump spins in foreclosure game. When I heard that President Bush wants to bail out homeowners caught up in the sub-prime mortgage mess, I figured I better move fast if I want to profit from other people's misfortune. So I
11
  • Holiday sales affected by subprime crisis (Chinese). 【美聯社十日電】目前,在全國範圍內因為房價的下跌,數以千計的私房屋主無法用房子做抵押,向銀行貸款支付他們從前的花銷。另外一些則由於抵押貸款利率的調整,導致無法負擔他們房屋每個月高昂的月供,而被銀行收走房屋。
  • Dodd bill targets mortgage abuses. Senate Banking Committee Chairman Chris Dodd plans to introduce legislation today to end abuses in the subprime mortgage market that have contributed to record high home foreclosures between July and August. "Too many homeowners have
  • Con el plomo no se juega. En los últimos meses se ha hablado mucho sobre los juguetes que han retirado del mercado (Mattel, específicamente) por contener plomo, y varios padres están preocupados en estos días justamente por las
09
  • With home in the balance. From Faith Etheridge's tidy office in Frederick [MD], you can see the national foreclosure crisis unfold. And, sometimes, you can see a particular foreclosure stopped. Etheridge works with troubled borrowers who ask for help from
08
  • Home buying: Up pops a higher price tag. Real estate agent Carol Temple vowed not to let her clients lose the sale. But she had to admit that the prospects looked bad: The buyers for her clients' home showed up at the closing
  • Mortgage fees rise for once-prime borrowers. Call it the credit risk hangover after the housing boom binge. Home buyers and refinancers who cannot come up with sizable down payments and whose FICO credit scores are below 680 are about to get squeezed
07
  • Bush plan may help up to 600,000 keep homes. President Bush's plan to slow the mortgage meltdown could help prevent hundreds of thousands of people from losing their homes, but many others would get no relief - and the plan's effect on the broader
  • Those who avoided risk call plan a raw deal. In 2005, when even the bartender on U Street talked about all his condo investments, Matthew Brown and his fiancee walked away from the local housing boom. Instead, the District couple decided to take the unfashionable
 

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