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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: default

default stories: 27 news summaries

21 - 27 of 27 Stories | << Prev 1 2

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Home Seizures by Banks Jump 90% in Year

Lenders reclaim 45K properties as mortgage payments rise

Feb 26, 08 2:00 PM CST
(Newser) - Banks seized more than 45,000 homes in January, nearly double the number from a year ago and up 8% from December, Bloomberg reports. Rising adjustable-rate mortgage payments were the culprit. Total foreclosure filings, which include default and auction notices in addition to seizures, increased 57% to 233,001, the... More »

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foreclosure • housing sales • default • housing crisis • subprime crisis • repossessions • mortgage defaults

Paulson Calls for More Housing Relief

Treasury secretary suggests aid for prime-rate borrowers

Jan 7, 08 9:17 PM CST
(Newser) - Treasury Secretary Henry Paulson advised the mortgage industry today to give help to millions of financially stressed homeowners whose mortgages are set to rise. His comments signal that the Bush administration is starting to push lenders to expand relief beyond subprime borrowers to homeowners with other adjustable-rate loans, reports the... More »

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Bush administration • subprime mortgages • Henry Paulson • US economy • home loans • Treasury Department • default • adjustable rates • borrowers • housing crisis

Americans Falling Behind on Credit Cards

Amount overdue on
US accounts surged
26% in October

Dec 23, 07 10:35 PM CST
(Newser) - It’s already looking like an iffy New Year for many credit-card holders: the number of Americans falling behind on their payments spiked sharply this year and analysts don’t expect 2008 to be much brighter. The value of credit card accounts at least 30 days late surged 26% in... More »

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Bank of America • Federal Reserve • subprime mortgages • debt • credit card • Capital One • job market • default • Discover • home equity loans • refinanced mortgages • JPMorgan Chase

Freddie Mac Chief: Housing Market Will Get Worse in 2008

Tells investors to expect losses in fourth quarter

Dec 12, 07 11:14 AM CST
(Newser) - Predicting even tougher times for the US housing market, Freddie Mac chief Richard Syron yesterday told investors in New York that the government-sponsored mortgage lender would report another net loss in the fourth quarter and credit losses to $12 billion on its mortgage portfolio, reports the Financial Times. Freddie... More »

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subprime mortgages • foreclosure • mortgage • Freddie Mac • default • mortgage lender • financial crisis

Argentina Elects 'New Evita'

President Cristina to replace husband

Oct 29, 07 4:07 AM CDT
(Newser) - Argentine first lady Cristina Fernandez de Kirchner has become the country's first elected female leader after trouncing 13 rivals in the presidential election yesterday, Reuters reports. A glamorous 54-year-old lawyer and center-left senator, she will take over from husband President Nestor Kirchner in December. Kirchner is credited with leading Argentina's... More »

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Argentina • Cristina Fernandez de Kirchner • Eva Peron • default • price control • Isabel Peron • Elisa Carrio • Roberto Lavagna • presidential election

Cash-Strapped Jacko Could Lose Neverland

King of Pop defaults
on $23M loan and has 90 days to pay—or else

Oct 26, 07 2:10 PM CDT
(Newser) - Michael Jackson has defaulted on a $23 million loan against his storied Neverland Ranch, and he’ll lose the Santa Barbara fortress if he doesn’t pay in 90 days. The King of Pop is in his worst financial situation ever, says Fox News, and speculation is mounting that he’... More »

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Sony • Santa Barbara • Michael Jackson • Bahrain • Elvis • Neverland • loan • default

August Home Price Plunge
Is Biggest
Since 1970

New-home sales also off more than forecast

Sep 27, 07 12:44 PM CDT
(Newser) - New-home sales fell 8.3% in August, Bloomberg reports, a greater decline than predicted. Housing prices fell over last year, with the 7.5% decrease the biggest drop since 1970. Sales fell to an annual pace of 795,000, lowest in seven years. And that may not signal the housing... More »

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subprime mortgages • home sales • Fannie Mae • housing industry • default • borrowers

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