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loans extended to those with no credit or bad credit - many are calling for the government to do something to stop the suffering. At the same time, many recognize that a bailout of struggling homeowners would be wrong. Thus, we see a growing list of proposed solutions that purport to save the day without a bailout: "borrower assistance" programs to refinance defaulting mortgages, crackdowns on "predatory lending" practices, or laws restricting mortgages the government deems too risky. ...more
November 12, 2007
Members of Congress pushed the Bush administration Friday to accelerate efforts to stem a rising tide of home foreclosures. ...more
November 2, 2007
No Real Tax Relief Regarding 'Tax Relief Vote Axed Over Lack Of Clarity' (front page, Sept. 25): ...more
October 1, 2007
Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low. ...more
September 28, 2007
The House on Tuesday approved a plan to expand federal backing of mortgages in hopes of helping struggling homeowners avoid foreclosure. ...more
September 19, 2007
Florida's foreclosure activity jumped 77 percent in August, compared with July, boosting its foreclosure rate to the third highest among all states. It was even worse in Tampa Bay, where foreclosure filings more than doubled. Both are further signs that homeowners are having trouble paying their mortgages and selling their homes amid a national housing slump. ...more
September 19, 2007
TAMPA - Florida's foreclosure activity jumped 77 percent in August, compared with July, boosting its foreclosure rate to the third highest among all states. It was even worse in Tampa Bay, where foreclosure filings more than doubled. Both are further signs that homeowners are having trouble paying their mortgages and selling their homes amid a national housing slump. ...more
September 18, 2007
For the first time in more than four years, the Federal Reserve appears ready to lower interest rates to prevent a housing meltdown and a painful credit crunch from driving the economy into a recession. ...more
September 17, 2007
Homeowners struggling to deal with sharp increases in their adjustable mortgage payments got hit with a record number of foreclosure notices in the spring as the crisis in subprime lending intensified. ...more
September 7, 2007
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