Headline News Archive

2008

November

16

• Closed funds now open to new investors. For more than 25 years, the highly regarded Sequoia Fund was closed to new investors. But this past spring, the mutual fund once again flung open

• Know before you borrow mortgage money. Exotic mortgages, as well as some lenders, are a thing of the past. But the need to borrow to buy a home is very much

15

• Will Obama bring back 'buy downs'?. What will it take to get people off the sidelines to buy houses and help stimulate the economy? How about a mortgage at a 2.99 percent

13

• Treasury redefines its rescue plan. Treasury Secretary Henry M. Paulson Jr. announced a series of moves yesterday that redefine the federal government's $700 billion rescue plan for the financial industry in

• Foreclosure relief getting lost in the fine print. More than a year into the foreclosure crisis, whether a distressed homeowner is eligible for a more affordable mortgage can often come down to the

12

• U.S. to simplify mortgage disclosure rules. Prospective home buyers would get a simpler way to understand often-confusing mortgage terms under new rules by the federal government. The Department of Housing and

• Lenders hope simpler loan-rework system helps. As losses from bad loans continue to mount despite more than a year of government and industry focus, some of the giants of the mortgage

• New plan for at-risk mortgages. Who is participating: Fannie Mae, Freddie Mac and many major lenders and mortgage servicers, effective Dec. 15. The servicer is the company to which you send

• Citigroup ayuda a propietarios con hipotecas. Citigroup ayudará a los clientes que tengan problemas para pagar las letras de la hipoteca concedida por ese banco y les dará una moratoria para

10

• Government to grant AIG larger bailout. The federal government today announced an expanded effort to bail out American International Group, including a partial government takeover of the company, as the troubled

06

• Schwarzenegger proposes 90-day freeze on foreclosures. Gov. Arnold Schwarzenegger on Wednesday proposed a 90-day freeze in pending home foreclosures to give California's financially pinched homeowners more time to get new or

05

• Más de 100,000 quiebras en octubre. Más estadounidenses tiraron la toalla en octubre: las declaraciones mensuales de quiebra superaron las 100,000 por primera vez desde que se restringieron las leyes de

04

• Feds can't rebuild housing in a day. The federal government has tossed hundreds of billions of dollars at the various problems that ail the U.S. economy, but housing, the root cause

• Cuídate de los rescates de 'foreclosure'. Si alguna vez te sentiste tentado por un anuncio que decía: "Podemos salvar su casa. Garantizado"; o quizás: "Tenemos contactos especiales en varios

• La guía para manejarte en la crisis. Cuando preguntamos a los norteamericanos sobre su mayor preocupación actual, nos respondieron fuerte y claro: tener suficiente dinero para jubilarse, el valor de sus

03

• Bargain hunters help shrink housing glut. wer home prices are luring some buyers back into the U.S. housing market, but foreclosures and a weakening economy are likely to keep downward

02

• Shouldn't have to show 'em no stinkin' SSNs. For 43 trouble-free years, John Murray never left home without his American Express card. The retired data coordinator dutifully paid an annual fee every year and

• Beware promises to scrub bad credit reports. With foreclosures, short sales and credit card defaults at record levels, an aggressive breed of firms has sprung up offering to power-wash consumers' damaged credit

• 10 ways to protect your home investment. You flip the switch and the heat goes on. You make your mortgage payments and your lender is not threatening you. So all's right with

• Opening the tap on home equity. Many homeowners who have taken out home equity lines of credit have learned in recent months that these loans are not as useful as they

01

• Home improvement shows skip drudgery. Thea Rudland knows how hard it can be to buy and sell a house, no matter what you see on television. She and her husband,

October

30

• Federal government may back revised mortgages. Federal officials moved closer Wednesday to guaranteeing as much as $500 billion in mortgages after they are modified to make them more affordable to homeowners, part

28

• Home loans no longer a sure thing. Jonathan Schecter is set to close next month on the purchase of an apartment in New York City, but it's been an adventure getting there.

• Foreclosures open door to disorder. Among the many harsh lessons for mortgage lenders in the housing bust is this one about evictions: Selling a house is far easier than taking

• Coming to Detroit's rescue?. The Bush administration is in negotiations to broaden its $700 billion financial rescue plan to include U.S. auto companies, potentially opening the door to an