Displaying 124 results
Nasdaq ties index to TARP recipients
Nasdaq OMX Group Inc. unveiled trading and investment products tied to firms that received government assistance. One…
FHA vulnerable to risky lenders
The federal government is ill-equipped to stop the migration of predatory subprime lenders to the rapidly growing sector…
Nov. foreclosures decline — but is it a blip?
Foreclosure activity declined in November to its lowest level since June; however, industry experts caution that the downtick may a short-term blip rather than the start of a trend.
Mortgage applications rise 112%
Mortgage applications soared in the last week of November as homebuyers took advantage of lower interest rates.
Fed backing boosts mortgage applications
Mortgage applications soared in the last week of November as homebuyers took advantage of low interest rates following the Fed’s announcement that it would buy Fannie Mae and Freddie Mac debt and mortgage-backed securities.
Fannie and Freddie: Keep homes for the holidays
Troubled mortgage giants Fannie Mae and Freddie Mac have ordered mortgages servicers and foreclosure attorneys to suspend foreclosures and evictions on certain properties until early January.
Fannie and Freddie reach out to homeowners
The federal government took another step today in trying to combat the nation’s housing woes by unveiling a new loan modification program aimed at preventing foreclosures by making mortgage payments more affordable.
Citi to work with 500,000 at-risk homeowners
Citigroup Inc. has become the latest major bank to unveil plans to help distressed homeowners avoid foreclosure.
Lack of clarity undermines TARP, firms say
Fully 91% of firms said a lack of clarity about the way the federal government’s Troubled Asset Relief Program works is making them less willing to participate in it.
Freddie’s portfolio falls at annual rate of 37.9%
Freddie Mac on Friday said the size of its mortgage investment portfolio decreased at an annualized rate of 37.9% in September.
U.S. to buy equity stakes in major banks
In an effort to breathe life into the struggling economy, the Treasury Department will inject $250 billion into banks, while the FDIC took steps to help depositors.
Countrywide to give $8.4B in loan relief
Under the record predatory-lending settlement, Calabasas, Calif.-based Countrywide will provide $8.4 billion in direct loan relief for an estimated 400,000 borrowers nationwide.
Will California need $7B?
California might require as much as $7 billion in emergency funding from the federal government to pay the salaries of critical state employees.
Bush signs $700B bailout package
The House of Representatives on Friday approved a $700 billion bailout package and passed it along to President Bush who immediately signed it into law.
SIFMA gives thanks
SIFMA has applauded the House for passing legislation that will enable the purchase of $700 billion in bad loans and mortgage-related assets.
$700 billion bailout revived
The Bush administration and Congress returned to the negotiating table Friday on a $700 billion financial bailout, following the collapse of Washington Mutual.
Paulson unveils massive plan to buy bad debt
Adding to sweeping government actions announced to alleviate the financial crisis, Treasury Secretary Henry Paulson Jr. this morning proposed new measures aimed at buying bad mortgages and distressed debt.
Foreclosure filings surged 27% in August
The number of properties that received default notices, warnings of an auction sale or foreclosure notices surged to 303,879 in August, up 12% from July and 27% from August 2007, according to the latest report from RealtyTrac.
Bear to pay $28M to settle loan grievance
The Bear Stearns Cos. Inc. and its subsidiary, EMC Mortgage Corp., have agreed to pay $28 million to settle Federal Trade Commission charges that they engaged in unlawful practices in servicing consumers’ home mortgage loans.
Advisers support bailout — with reservations
Advisers think the government’s move to bail out mortgage giants Fannie Mae of Washington and Freddie Mac of McLean, Va., was a positive one — but not without its negative fallout.
