Thursday May 15, 2008
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Latest Mortgage Foreclosure News

  • Home Sales, Prices to Pick Up In Second Half of 2008, Says NAR Chief Economist 16 May 2008 00:44 GMT
    ... on the fact that the rate of foreclosures doubled this year from historic averages, the ... from 1 percent of all homeowners with mortgages to 2 percent. Foreclosures are being driven ...

  • Dodd: Deal "very Close" But Not Certain 16 May 2008 00:16 GMT
    ... and the Federal Home Loan Banks. Second, it would attempt to help homeowners facing foreclosures obtain affordable mortgages by allowing the Federal Housing Administration to offer billions in new guarantees. Earlier today, ...

  • Elusive Senate housing bill inches forward 15 May 2008 22:33 GMT
    ... overhaul oversight of key players in the mortgage industry. "We believe we have an agreement ... to respond to the huge increases in foreclosure filings. Republican lawmakers from states with high ...

  • Housing woes lure back bold buyers 15 May 2008 21:55 GMT
    ... buyers who look at boarded-up homes, rising foreclosures, and falling values and see, not disaster, ... billion to $25 billion in adjustable rate mortgages will reset each month. As interest rates ...

  • EDITORIAL / The next stimulus plan 15 May 2008 21:55 GMT
    ... just $13 billion. Act to stem the foreclosure crisis that is at the heart of ... would allow homeowners and holders of subprime mortgages to refinance to fixed rate mortgages through ...

  • Churches helping with mortgage crisis 15 May 2008 21:34 GMT
    ... his parishioners a pointed question: "Do subprime mortgages scare you?" Then he announced that the ... care for the poor." Nationwide, lenders filed foreclosure-related documents against almost 650,000 homes in the ...

  • Senators reach deal on housing rescue: sources 15 May 2008 21:31 GMT
    ... would provide funds to support a federal mortgage insurance fund, two industry sources said on ... of investor wealth. An estimated two million foreclosures are forecast for this year. In March, ...

  • GE to shed appliance division 15 May 2008 21:30 GMT
    ... Germany was little changed at US$32.54 as of 11:56 a.m. local time. U.S. home foreclosure filings climbed 65% in April amid a subprime mortgage crisis. Home prices fell the most in 29 years last quarter, making it tougher ...

  • NowAuto Group, Inc. Announces Fiscal Third Quarter Results 15 May 2008 21:29 GMT
    ... adjust our business model to the current economic environment.Arizona now has the 3rd highest mortgage foreclosure rate in the nation. Many people will be looking to repair their credit. With ...

  • Some Spring to Fair Value's Defense 15 May 2008 20:55 GMT
    ... fair-value accounting changes were helping the government-sponsored mortgage lender expose investors to the actual underlying ... that Freddie's losses from bad mortgages and foreclosed properties would rise to at least $3.1 ...

  • The Record, Hackensack, N.J., residential real estate column 15 May 2008 20:40 GMT
    ... pulled down by a large number of foreclosed properties and distressed sales. That is increasing ... standards and made it harder to obtain mortgages. "The inventory is unbelievable," said Susani, of ...

  • Sale prices of homes stabilizing at Shore 15 May 2008 20:40 GMT
    ... Jennings, a senior loan officer at Allstate Mortgage in West Long Branch. The economy may ... "They don't want to go through the foreclosure." To see more of the Asbury Park ...

  • Sell Your Home Online for Free 15 May 2008 20:39 GMT
    ... money in a down real estate market. Foreclosures and defaults have been increasing due to ... rates and as a result are facing mortgages they can't meet. To avoid foreclosure, these ...

  • 8:30 a.m.: Homeowner mortgage rescue plan near approval 15 May 2008 20:37 GMT
    ... Freddie Mac, the government-sponsored companies that finance mortgages. Staff aides to both senators, who have ... billion in new loans for homeowners facing foreclosure, who would otherwise be considered to financially ...

  • Light at end of Florida's economic tunnel exists but still far away, state officials says 15 May 2008 20:35 GMT
    ... advocacy, the subprime crisis and the skyrocketing foreclosure rate. “Those of us who have been ... investment managers bought about $1 billion of mortgage-related securities that were downgraded to junk status, ...

  • Housing deal eluding Senate - so far 15 May 2008 20:32 GMT
    ... overhaul oversight of key players in the mortgage industry. "We're getting very close; my goal ... to respond to the huge increases in foreclosure filings. Republican lawmakers from states with high ...

  • Eyal Press | Is the Party Over for the GOP? 15 May 2008 20:32 GMT
    ... in Baghdad, in neighborhoods ravaged by housing foreclosures, in levels of inequality unmatched since the ... to assist families engulfed by the subprime mortgage crisis. He has tried to have it ...

  • BofA CEO says more consolidation ahead in banking 15 May 2008 20:31 GMT
    ... ongoing credit crunch and turmoil in the mortgage market. Such consolidation will provide more “long-term ... a spike in home loan defaults and foreclosures. “Countrywide was in deep doo-doo, and he ...

  • U.S. Senate Close to Housing Rescue Deal 15 May 2008 20:30 GMT
    ... funding mechanism for a proposed $300 billion mortgage-insurance fund. The Congressional Budget Office has said ... of investor wealth. An estimated two million foreclosures are forecast for this year. In March, ...

  • NOTICE OF MORTGAGE FORECLOSURE SALE, Hyatt 15 May 2008 19:39 GMT
    ... has occurred in the conditions of the Mortgage dated April 11, 2002, executed by Eddice ... the debt secured by the mortgage and foreclosure of the mortgage, and all notice and ...

  • Fannie Mae Advertising Foreclosed US Homes to the Brit's 15 May 2008 19:38 GMT
    ... would seem – from the US-government backed mortgage agency. If you're inside the fifty states, ... at BullionVault. First, the sheer volume of foreclosures sweeping the former hot spots of America ...

  • Chase Invests $338 Billion in Low and Moderate-Income Families, Communities and Small Businesses 15 May 2008 19:37 GMT
    ... communities across the country: $258 billion in mortgages in low and moderate-income neighborhoods and to ... through a national help line and leading foreclosure-prevention workshops and local training programs for community ...

  • Warning for condo owners: A neighbor's financial problem could be yours 15 May 2008 19:37 GMT
    ... and related fees when other residents enter foreclosure or are substantially behind in payments, the ... balance sheet, monthly budget, cash flow, outstanding mortgage, and other related financials, he said. "Potential ...

  • Senators hammering out mortgage deal 15 May 2008 19:37 GMT
    ... overhaul oversight of key players in the mortgage industry. "We're getting very close; my goal ... to respond to the huge increases in foreclosure filings. Republican lawmakers from states with high ...

  • N.C. general assembly begins new session 15 May 2008 19:37 GMT
    ... From gas prices to the mortgage crisis, Eyewitness News wanted to find out ... some disagreements. And it looks like a foreclosure debate is likely coming. About 19,000 homes ...


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EIN News Columnists

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Finance Companies

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Finance Fraud

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Finance Insurance

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Finance Investing

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Finance Loans

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Finance Magazines

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Finance Management

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Finance Miscellaneous

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Finance Organizations

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Finance Taxation

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