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July 25, 2008 1:12:08 PM CDT

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Stories related to: negative equity

Stories

5 Stories

  • March 2008

    • Bush Readies Mortgage Bailout

      newser  |  Washington Post  |  Mar 29, 08 6:48 AM CDT

      Bush Readies Mortgage Bailout

      Homeowners facing foreclosure could soon be getting a helping hand from the Bush administration, the Washington Post reports. Details are being finalized on a plan that would see portions of loans forgiven for people who now owe the bank more money than their house is worth. The remainder would be refinanced into smaller mortgages backed by public funds. More »

    • Bernanke: Homeowners Need More Help

      newser  |  Wall Street Journal  |  Mar 4, 08 9:29 AM CST

      Bernanke: Homeowners Need More Help

      Ben Bernanke says homeowners need more help, and that help might include writing down the principal on some problem loans, reports the Wall Street Journal .  "Efforts by both government and private-sector entities to reduce unnecessary foreclosures are helping, but more can, and should, be done,"  the Fed chairman said today in a speech to a community banking conference in Florida. More »

      Tags

      Ben Bernanke  • foreclosure  • mortgage  • home loans  • homeowners  • negative equity  • refinanced mortgages

  • February 2008

    • Sinking Home Values Lead to 'Walkaways'

      newser  |  Wall Street Journal  |  Feb 29, 08 11:47 AM CST

      Sinking Home Values Lead to 'Walkaways'

      Freefalling home values may be creating yet another crisis in the mortgage industry. The new phenomenon: homeowners capable of paying their mortgages who walk away, unwilling to pour money into a property that’s worth less than they originally paid. "It may not be a big thing yet, and hopefully it won't be," an economist tells the Wall Street Journal. More »

      Tags

      housing crisis  • foreclosure  • home prices  • housing bubble  • negative equity

    • Feds Ponder Rescue Plans as Housing Slump Worsens

      newser  |  New York Times  |  Feb 22, 08 12:05 PM CST

      Feds Ponder Rescue Plans as Housing Slump Worsens

      With one in 10 US homeowners owing more on their homes than they’re worth, the highest proportion of negative-equity loans since the Depression, the government is weighing plans that would apply the brakes to the rapidly accelerating housing market collapse, the New York Times reports. Possibilities include federal loan guarantees and spending billions refinancing at-risk mortgages. More »

      Tags

      subprime mortgages  • housing crisis  • mortgage crisis  • debt  • mortgage debt  • negative equity  • Federal government

  • January 2008

5 Stories

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