The Obama administration has announced yet another initiative to help struggling homeowners avoid foreclosure.
A dubious distinction was reached during the first three months of 2010: More than 10% of all mortgage borrowers are now behind on their payments.
If HOPE for Homeowners, the foreclosure-prevention plan passed last summer, was a soft drink, it would be New Coke. If it was an automobile, it would be an Edsel. A movie? Howard the Duck.
AIG outrage
updated: Wed Mar 25 2009 12:25:00
Caving to Congressional pressure, AIG releases the names of those who got some of its bailout money.
As part of the massive housing rescue bill passed by Congress in July, troubled borrowers will be able to refinance their home loans with the backing of the Federal Housing Authority (FHA) starting on October 1.
Mortgage debt backs a lot of the bad bonds that are wreaking balance-sheet havoc, and mortgage relief has been suggested as a cure - both for homeowners and Wall Street. But a closer look suggests that modifying homeowners' loans may simply be pushing losses into the future.
Mortgage costs just got cheaper for buyers in high-cost areas.
One government response to the subprime mortgage crisis is up and running and on track to help a significant number of borrowers avoid losing their homes.
President Bush outlined his plan Friday for helping troubled subprime borrowers keep their homes. The initiatives target hundreds of thousands of distressed homeowners.
As the subprime mortgage meltdown sends delinquencies soaring, up to 1.2 million homeowners could lose their homes this year. But in some cases, that doesn't have to happen.
Q. I'm having a hard time understanding why experts recommend keeping a percentage of a balanced portfolio in cash, especially if the interest rates for money-market funds or Treasuries are so low....
Forget about china and linens. The 2.4 million couples getting hitched this year can register for what they really want--stocks, funds and real estate. Here's how.
Here's a way to get a wedding present you can really use: In a little-known program offered by at least three dozen banks nationwide--including Fleet Mortgage (888-466-3353) and PNC Mortgage (800-4...
When low interest rates and a peppy economy boosted house prices 4.6% last year--more than 1 1/4 percentage points higher than the rise in the consumer price index--many American homeowners rejoice...
TIRED OF worrying about America's budget deficit? Now you can start worrying about the vast sums that are not on the budget. Uncle Sam's off-budget guarantees will climb from $2.1 trillion in 1980 ...
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