Headline News Archive

2007

December

06
  • Subprime ARM reset agreement reached. resident Bush will announce this afternoon an agreement with major mortgage firms to freeze interest rates for five years for financially troubled homeowners - a…
  • FBI to heighten mortgage fraud probes. The FBI today will launch a mortgage fraud task force in its Washington field office, joining a widening net of state and local investigators digging…
04
  • Credit counselors take center stage. In the middle of his speech yesterday on the administration's efforts to fix the mortgage crisis, Treasury Secretary Henry M. Paulson Jr. paused to carefully…
  • Treasury Secretary outlines mortgage fix. Treasury Secretary Henry M. Paulson Jr. unveiled new details of the Bush administration's mortgage-relief plan yesterday, including a proposal that would grant new powers to…
  • Viene en camino ayuda hipotecaria. El secretario del Tesoro, Henry Paulson, dijo el lunes que estaba confiado en que pronto habrá un acuerdo para ayudar a los dueños de vivienda…
  • Crédito sano, casa a la vista. Con todas esas noticias pesimistas sobre el sector de los bienes raíces se podría pensar que en este momento es casi imposible obtener una hipoteca.…
02
  • Foreclosure rehabbers bet on sales. MAPLE HEIGHTS, Ohio — After the unpaid mortgage bills, the creditor warnings and finally the sheriff's sale, it's sometimes left to a handy man like…
01
  • Renovations rarely recoup their cost. Linda and Jose Rahona created a master bathroom with floor-to-ceiling tile, custom glass shower doors and sleek fixtures. It took three months of dust, tilers,…
  • Mortgage freeze for subprime loans?. Mortgage rates for homeowners with spotty credit histories would be temporarily frozen under a nearly completed agreement between top Bush administration officials and a broad…
  • Big rebukes on title company referrals. Rigged appraisals, lax underwriting and toxic loans may dominate the headlines, but they are hardly the only issues causing problems in residential real estate. The…

November

30
  • Paulson says housing help is on the way. Passing squall or supersized economic blowout? However the housing and credit-market upheavals play out, they will shape the legacy of Treasury Secretary Henry M. Paulson…
28
  • Subprime homeowners to study their loans with care (Chinese). 【明報專訊】根據昨日「環球洞察」(Global Insight)公布報告及種種預告,消費者行動發言人李嘉表示:08年將出現嚴重負債,華裔物業主及早做好準備工作,就還貸款狀況做到心中有數,必要時,尋求有關組織的幫助,避免屆時措手不及,承受經濟損失外,還失去房屋。 在上個月,「現在改革社區協會」(Association of Community Organizations for Reform Now)已發現,灣區近4,800名次級房貸者可能在未來幾年遭遇房屋回贖權被取消,物業主、城市與貸款機構將損失約15億元。取消房屋回贖權也會影響到鄰區房價,導致壓低房價約116億元。
  • Subprime loan collapses resulting in $54M losses (Chinese). 【明報專訊】昨日公布的一項經濟與次級房屋貸款(sub-prime mortgage)危機情況,給包括灣區在內的大城市帶來未來前景糟糕的不好消息。次級房貸的失敗將讓灣區負上54億元的代價。此外,美國市長協會即將在底特律召開集會,全美市長將共同商討應對房市危機的政策,希望業主和金融機構的攜手合作,能夠控制其影響範圍。 這份報告由甚有聲譽的「環球洞察」(Global Insight)作出預告分析,全國經濟會受貸款影響1,660億元,可能失去就業機會524,000個,此外2008年全國物業主的地產價值將損失1.2兆元。
26
  • Housing woes have domino effect. If you haven't yet felt the impact of the nation's credit crisis, just wait. Chances are, you won't have to wait long. So far, the…
24
21
  • Freddie Mac woes may hit Countrywide. Countrywide Financial Corp. survived the first phase of the mortgage meltdown this summer thanks in part to a $2-billion investment from Bank of America. But…
20
  • Bills would let judges remake mortgages. Congress is considering legislation that would allow bankruptcy court judges to rewrite loan terms for people at risk of losing their homes, a change that…
19
  • Crime scene: foreclosure. When homeowners moved away after a wave of foreclosures in Cleveland's working-class neighborhood of Slavic Village, crime took off. Slavic Village is known as the…
  • Quejas contra un plan de viviendas. Casas construidas en zonas de alto riesgo, con materiales deficientes o sin servicios públicos son algunas de las quejas que pesan en contra de las…
16
 

Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Optional Member Code
Facebook FTwitter T

Housing Menu

Help Desk

Advocacy