News

2008

January

31
  • Foreclosure facing homeowners don't seek help. With a record number of new foreclosures hitting neighborhoods across the country, a surprising 58% of delinquent homeowners don't know their lenders may offer ways to help them keep their homes, and 56% don't know that free
  • IRS warns about tax rebate scam. Tax rebate checks courtesy of a proposed economic stimulus package have yet to be approved by Congress, but some scams are using the anticipation of extra cash to lure people into disclosing personal and financial
30
  • Immigrants hit hard by US slowdown, subprime crisis. As an economic slowdown and the subprime mortgage crisis deepen across the United States, Hispanic immigrants are increasingly in danger of losing their jobs and their homes. Both legal and illegal immigrants joined Americans in
  • FBI continues mortgage fraud probe. The Federal Bureau of Investigation on Tuesday said it is investigating 14 companies for possible fraud or insider trading violations in connection with loans made to risky borrowers, and investments spun off of those loans. Agency
  • Housing hits trifecta of bad news. A series of reports out Tuesday sketched a bleak picture of the nation's residential real estate, with nearly 1.3 million homeowners in some state of foreclosure last year, 13 metro areas posting record price drops and a
  • Posible fraude por préstamos de riesgo. El FBI dijo el martes que está investigando a 14 empresas por posible fraude contable, abuso de información privilegiada y otras violaciones en conexión con préstamos inmobiliarios otorgados a prestatarios de riesgo. Funcionarios
  • Buscan ampliar ley de vigilancia interna. El Senado votó ayer en contra de prorrogar la ley de vigilancia interna más allá del 1 de febrero, aumentando la presión política para que sea aprobada una nueva versión de la
  • Precios de viviendas van en picada. Brutal y extensa como un desastre natural, la racha de embargos de viviendas en el país aumentó 79% el año pasado en relación con 2006, se informó ayer. En Californa, la subida fue de 238%,
  • Cámara Baja aprueba plan económico. La Cámara Baja del Congreso aprobó ayer por abrumadora mayoría un plan de estímulo económico de 146,000 millones de dólares, pero su avance en el Senado parece complicarse por la presentació
29
  • Foreclosures up 75% in 2007. The number of foreclosures soared in 2007, with 405,000 households losing their home, according to a report released Tuesday. Total foreclosure filings soared 97% in December alone compared with December of 2006, according to RealtyTrac, an online seller of
28
  • Appraisers lawsuit puts lenders on notice. Real estate appraisers have complained for years about demands from loan officers that they fudge and inflate numbers to allow mortgage deals to close. Now a California appraiser has sued the country's largest thrift institution,
26
  • Hispanic homeownership could fall during crisis. Hispanic homeownership topped 50 percent in recent years but is in danger of declining during this housing crisis, U.S. Housing and Urban Development Secretary Alphonso Jackson said during a visit to San Antonio on Friday.
25
  • Los pobres hacemos mucho con poco. A Joel Toscano, la ayuda que pueda llegarle por el estímulo económico, aprobado ayer en el Congreso, no le servirá para mantener su casa en Cabazon, donde todavía vive con su esposa
  • Estímulo para el mercado inmobiliario. Un componente del tentativo paquete de estímulos económicos del gobierno anunciado ayer jueves da un empuje inmediato a compradores y vendedores de vivienda de alto precio en el mercado. El paquete, acordado ayer
24
  • Time for attention to consumer issues. Congress is back in session and lawmakers have a lot on their plate right now. Clearly, an economic stimulus package tops the list. But a number of important consumer issues that made headlines in 2007 are
  • Homeowners deluge mortgage brokers. Homeowners deluged mortgage brokers with calls Wednesday, hoping to take advantage of sharply lower interest rates to refinance into cheaper loans. Countrywide Financial Corp., the nation's biggest mortgage lender, said call volume jumped by at
  • Cities beg for aid from foreclosures. Facing a collapse in the subprime mortgage market that has pockmarked their cities with vacant houses and crippled their budgets, the nation’s mayors pleaded Wednesday for a huge infusion of federal aid. As more
  • La recesión amenaza a los consumidores. Los consumidores y el ciudadano de a pie han comenzado ya a percibir la amenaza de una recesión mientras las autoridades del país y analistas financieros debaten si Estados Unidos está o no
23
  • Investors of all ages: Take a deep breath. The stock market is plummeting, the housing market is tanking, and talk of recession has reached a fevered pitch. So what does this mean for the American consumer? If you've got a mortgage, is it
  • El Fed reduce las tasas de interés. El Banco de la Reserva Federal (Fed) redujo ayer las tasas de interés en tres cuartos de punto, una acción catalogada de inusual por analistas financieros, pero que denota la profunda preocupación
 

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