Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive $700 billion economic rescue plan and exploring new ways to shore up not only banks but also credit-card, auto-loan and other huge nonbank businesses. "The facts changed and the situation worsened," Treasury Secretary Henry Paulson said at a news briefing, explaining the administration's switch from its original plan to help financial institutions by buying up troubled assets, primarily securities backed by bad home loans. ...more

November 13, 2008

With all of the purely politically motivated negative action taken on the part of Congressman Barney Frank, chairman of the House Committee on Financial Services who uttered these now famous words, "These two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis," now comes another potential result of his committee's utter disregard for the advice of the Bush administration to take steps to rein in these two entities. ...more

October 21, 2008

Two people convicted on racketeering charges in connection with a mortgage scam that bilked dozens of people since 2004 were each sentenced Thursday to five years in prison, the Florida Department of Law Enforcement said. ...more

September 27, 2008

Two people convicted on racketeering charges in connection to a mortgage scam that bilked dozens of people since 2004 were each sentenced today to five years in prison, the Florida Department of Law Enforcement said. ...more

September 25, 2008

A Seffner man was arrested Wednesday in connection with a multimillion-dollar mortgage fraud scheme that victimized dozens of people since 2004, the Florida Department of Law Enforcement said. ...more

September 25, 2008

Plan Was For Youngsters Regarding "'What If' On Social Security" (Letters, Sept. 19): ...more

September 25, 2008

TAMPA A Seffner man was arrested today in connection to a multimillion-dollar mortgage fraud scheme that victimized dozens of people since 2004, the Florida Department of Law Enforcement said. ...more

September 24, 2008

The government takeover of Fannie Mae and Freddie Mac promises some real benefits for the Tampa Bay area, which for months has struggled under the force of the nation's housing downturn. ...more

September 9, 2008

The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...more

September 8, 2008

The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. ...more

September 7, 2008