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October 8, 2008 2:09:37 AM CDT

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Stories related to: foreclosure

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Stories 61 - 80 of 104

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  • March 2008

    • Bernanke: Homeowners Need More Help

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

      Bernanke: Homeowners Need More Help

      (Newser) - 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'

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

      Sinking Home Values Lead to 'Walkaways'

      (Newser) - 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

    • Senate GOP Stymies Dem Housing Relief

      Washington Post  |  Feb 29, 08 8:51 AM CST

      Senate GOP Stymies Dem Housing Relief

      (Newser) - Capping a week of gridlock, GOP senators yesterday blocked consideration of a Democratic-backed housing-relief bill. The mortgage industry had fought hard against the proposal, which would allow judges to slash interest rates for low-income homeowners facing bankruptcy, the Washington Post reports. The bill also included billions of dollars for local communities to buy up subprime mortgages. More »

      Tags

      George W. Bush  • subprime mortgages  • housing crisis  • foreclosure  • mortgage lender  • Mel Martinez  • Richard Durbin

    • The House of Mirthlessness

      Berkshire Eagle  |  Feb 28, 08 12:19 PM CST

      The House of Mirthlessness

      (Newser) - Edith Wharton's masterpieces include The House of Mirth , but the story of her own house is much less joyous. Her estate in the Berkshires of Massachusetts, currently a museum called the Mount that chronicles her life and career, is drowning under some $9 million in debt. Now, writes the Berkshire Eagle , a bank has warned it will foreclose on the property and sell it to the highest bidder. More »

      Tags

      foreclosure  • literature  • philanthropy  • museums  • estate  • Edith Wharton

    • Bush Urges Congress to Pass Surveillance Bill

      CNN  |  Feb 28, 08 9:29 AM CST

      Bush Urges Congress to Pass Surveillance Bill

      (Newser) - President Bush urged Congress this morning to pass an update to the terrorist surveillance bill that expired more than a week ago, CNN reports. Bush said the delay poses "a risk of opening a gap in our intelligence gathering." The bill stalled in the House over a provision granting immunity for telecommunications companies that might have turned over phone records illegally. More »

      Tags

      Iraq  • George W. Bush  • War on Terror  • foreclosure  • terrorist  • surveillance  • HIV/AIDS  • FISA  • Foreign Intelligence Surveillance Act  • foreign intelligence

    • Paulson Raps Mortgage Rescue Plans

      Wall Street Journal  |  Feb 28, 08 7:06 AM CST

      Paulson Raps Mortgage Rescue Plans

      (Newser) - Homeowners burned by the subprime mortgage meltdown shouldn't be looking to the federal government for help, Treasury Secretary Henry Paulson told the Wall Street Journal yesterday. Facing down mounting congressional pressure for stronger measures to stem an epidemic of foreclosures, Paulson dismissed proposals on the table as "bailouts" for reckless lenders, investors and speculators. More »

      Tags

      subprime mortgages  • Henry Paulson  • Ben Bernanke  • housing crisis  • foreclosure  • mortgage crisis

    • Jackson's Neverland Foreclosed

      Fox News  |  Feb 27, 08 3:25 AM CST

      Jackson's Neverland Foreclosed

      (Newser) - Creditors have foreclosed on Michael Jackson’s Neverland Ranch, which will be auctioned March 19 if the King of Pop doesn't pony up $24.5 million by that date, Fox News reports. If the sale goes through, Jackson would lose everything in the California house, including furniture and relics of its amusement park. He may let it go, Fox says: he beat it for Bahrain in 2005. More »

      Tags

      celebrity  • California  • foreclosure  • auction  • Michael Jackson  • ranch  • Neverland

    • Home Seizures by Banks Jump 90% in Year

      Bloomberg  |  Feb 26, 08 2:00 PM CST

      Home Seizures by Banks Jump 90% in Year

      (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 sixth consecutive month with more than 200,000 filings. More »

      Tags

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

    • Mortgage Crisis Sparks GOP Defections

      Politico  |  Feb 19, 08 7:47 PM CST

      Mortgage Crisis Sparks GOP Defections

      (Newser) - GOP lawmakers are breaking ranks over the housing crisis as they see constituents suffering foreclosures, Politico reports. Ohio Rep. Steve Chabot, the owner of a 97.5% lifetime American Conservative Union rating, recently snubbed party leaders and the White House by co-writing a bill to let bankruptcy judges re-write mortgages. Chabot sees foreclose blight "every day" in his district, one lobbyist said. More »

      Tags

      Congress  • foreclosure  • bankruptcy  • stimulus package

    • Homeless Look to Foreclosures

      Associated Press  |  Feb 19, 08 4:52 PM CST

      Homeless Look to Foreclosures

      (Newser) - As the nation's spate of foreclosures leaves more people homeless, more homeless people are finding shelter in those newly abandoned buildings, the AP reports. The stock of foreclosed homes in hard-hit areas may well outnumber people on the street, leading many to chance arrest or a run-in with drug dealers for a roof over their heads. More »

      Tags

      foreclosure  • mortgage crisis  • Philadelphia  • homeless  • Cleveland  • urban poverty  • shelter  • vacant homes

    • Best Places for Home Bargains

      Forbes  |  Feb 13, 08 2:13 PM CST

      Best Places for Home Bargains

      (Newser) - Certain housing markets are better than others for bargain-hunters, Forbes reports, and they're generally the ones with a glut of homes, strong job growth, and a low rate of foreclosures. Forbes rattles off its top 10: Salt Lake City: highest job growth in the country, and low foreclosure Raleigh, NC: expanding economy keeps homeowners in the dough Orlando: sleepier than South Florida hotspots, so not as hard hit by the crunch Charlotte, NC: excess inventory and an influx of transplants from the North More »

      Tags

      list  • credit crisis  • foreclosure  • housing  • home prices  • homeowners  • homeownership  • cities

    • Lenders Throw Lifeline to Struggling Borrowers

      Wall Street Journal  |  Feb 12, 08 6:58 AM CST

      Lenders Throw Lifeline to Struggling Borrowers

      (Newser) - Six top US mortgage lenders will launch a program today aimed at helping at-risk borrowers avoid foreclosure. Aimed at  homeowners more than 90 days delinquent on loans, Project Lifeline will forestall foreclosure actions for 30 days while lenders try to work out new payment options, reports the Wall Street Journal. Contact with borrowers could begin this week. More »

      Tags

      housing crisis  • foreclosure  • mortgage crisis  • borrowers