The next shoe to drop in housing

Rising foreclosures and big losses at Fannie Mae and Freddie Mac are making it harder for people with good credit backgrounds to get a traditional mortgage. NEW YORK (CNNMoney.com) -- The credit crunch has finally hit ... More... (Foreclosure News, Education, and Updates, Mortgage News, Real Estate News)
Add a Comment , , , , March 14th, 2008

US House lawmakers consider $15 billion mortgage bailout plan as housing troubles continue

WASHINGTON: Investors could sell up to $15 billion (€10.08 billion) of troubled mortgages to the government under a plan key House members are discussing to bolster the U.S. housing market. The tentative plan would allow the ... More... (Foreclosure News, Education, and Updates, Mortgage News)
Add a Comment , , , February 27th, 2008

Tighter credit means property values will suffer

Crisis, what crisis? If you talk to businessmen and consumers you get the impression that, outside the arcane world of high finance, things are not too bad. So is what is going on a mere ... More... (Mortgage News, Real Estate News)
Add a Comment , , February 25th, 2008

In Mortgage Crisis, Church Offers Financial Counseling

With Brooklyn and Queens accounting for 40 percent of New York State’s home foreclosures last year, pastors in Catholic churches in the two boroughs started seeing a sharp rise in parishioners with mortgage problems last ... More... (Foreclosure News, Education, and Updates, Mortgage News)
Add a Comment , , , , February 21st, 2008

Now not time for mortgage bailout: Treasury

NEW YORK (Reuters) - The U.S. government is right to protect and nurture the housing market during the current crisis, but now is not the time to create a federal backstop for falling property values, ... More... (Mortgage Interest Rates, Mortgage News)
Add a Comment , , , February 21st, 2008