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October 6, 2008 9:11:16 PM CDT

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Stories related to: foreclosure

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  • December 2007

    • Freddie Mac Chief: Housing Market Will Get Worse in 2008

      Financial Times (UK)  |  Dec 12, 07 11:14 AM CST

      Freddie Mac Chief: Housing Market Will Get Worse in 2008

      (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 Mac reported a record $2 billion loss in the third quarter. More »

      Tags

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

    • Americans Split on Borrower Bailout

      CNN  |  Dec 11, 07 12:54 PM CST

      Americans Split on Borrower Bailout

      (Newser) - About half of Americans say borrowers snared in the subprime mortgage mess brought the trouble onto themselves, but they nevertheless deserve "special treatment," CNNMoney reports. In a poll of 1,002 adults, 51% also said they felt sorry for borrowers, with 46% blaming financial institutions' lending policies for the situation. More »

    • Some Critics of Rate Freeze May Be Angry Investors

      Wall Street Journal  |  Dec 8, 07 1:34 PM CST

      Some Critics of Rate Freeze May Be Angry Investors

      (Newser) - Critics of the government’s new rescue plan for strapped homeowners may be investors who would cash in on a foreclosure-ridden market, one of the plan’s chief architects charges. Sheila Blair, head of the FDIC, speculated that naysayers may have a conflict of interest, the Wall Street Journal reports. “I do worry that some of the investors have taken short positions” on the subprime-mortgage securities index. More »

      Tags

      subprime mortgages  • foreclosure  • mortgage  • interest rate  • investors  • homeowners  • Federal Deposit Insurance Corp.

    • Dems Pitch Own Mortgage Plans

      New York Times  |  Dec 6, 07 2:56 AM CST

      Dems Pitch Own Mortgage Plans

      (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,” said Hillary Clinton, who traveled to Wall Street to push for fixes. Bush will formally introduce his plan today. More »

      Tags

      Hillary Clinton  • US economy  • subprime mortgages  • John Edwards  • recession  • foreclosure  • borrowers  • moratorium  • mortgage rate freeze

  • November 2007
  • October 2007

    • Bankruptcies Jump as Owners Fight to Save Homes

      Wall Street Journal  |  Oct 23, 07 4:50 AM CDT

      Bankruptcies Jump as Owners Fight to Save Homes

      (Newser) - Bankruptcies jumped 23% last month over the same time last year as debtors caught up in the sagging US housing market struggled to save their homes, reports the Wall Street Journal . Homeowners are now increasingly turning to Chapter 13 as an option—which can stave off foreclosure for three to five years as debtors work out their finances. Of last year's filings, about 40% were Chapter 13, compared with 30% in 2005. More »

      Tags

      foreclosure  • mortgage  • bankruptcy  • Chapter 13

  • September 2007

    • Stocks Dip on Mortgage Fears

      Bloomberg  |  Sep 28, 07 3:22 PM CDT

      Stocks Dip on Mortgage Fears

      (Newser) - The markets dropped today on news that mortgage defaults last month climbed 30% from a year earlier, more evidence that fore