mortgage rate freeze

4 Stories

Mortgage Crisis: Judges to the Rescue?

Democrats back plan to let jurists change loan terms

(Newser) - Over the loud objections of lenders, Senate Democrats are lining up behind a plan to give bankruptcy judges the power to alter mortgages, the LA Times reports. The proposals could go to the floor as early as today. “This bill will have more impact… than any other option currently... More »

Rate Freeze Rewards Greedy, Critics Grumble

'What about those of us who played by the rules?'

(Newser) - Many who played it conservative during the housing boom are miffed about the mortgage rate freeze, grumbling that it rewards the greedy and irresponsible, the Washington Post reports. "What about those of us who played by the rules?" asks one. "Can we get six months of free gasoline?"... More »

Rate-Freeze Plan Lifts Stocks

Financial companies and builders lift the markets

(Newser) - Stocks leaped again today after the Treasury Department's plan to freeze some mortgage rates eased fears of a recession. Investors also continue to expect that the Fed will cut interest rates on Dec. 11, the Wall Street Journal reports. The Dow was up 174.93 to 13,619.89, the... More »

Dems Pitch Own Mortgage Plans

They say Bush's freeze falls short

(Newser) - Democratic candidates are criticizing President Bush's plan to bail out homeowners in the subprime mess for not going far enough and have outlined their own, more ambitious, proposals, the New York Times reports. "It appears that the president is pushing a freeze for a very narrow group of borrowers,... More »

4 Stories