Archive for July, 2008
Bush Quietly Signs Mortgage Relief Measure
signed a housing bill Wednesday intended to rescue about 15 percent of the cash-strapped homeowners in fear of foreclosure in the next year or so. Early in the morning and out of public view, the president signed it without fanfare in the Oval Office, adding his signature to a measure he once threatened to [...]
Posted: July 30th, 2008 under FHA, Money, Mortgage Relief, Personal Finance, Real Estate.
Tags: Administration Officials, American Families, Election Year, Federal Housing Administration, First Time Home Buyers, Forec, Henry Paulson, Homeownership Opportunities, House Speaker Nancy Pelosi, Housing And Urban Development, Low Income Housing, Low Income Housing Tax Credit, Mortgage Relief, Nancy Pelosi, Oval Office, Speaker Nancy Pelosi, Steve Preston, Time Home Buyers, Tony Fratto, Treasury Secretary Henry Paulson, White House Spokesman
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Fed to Curb Shady Home-lending Practices
The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs. Fed Chairman Ben Bernanke spoke of the much-awaited rules in a broader speech Tuesday about the challenges confronting policymakers in trying to [...]
Posted: July 9th, 2008 under Federal Reserve, Foreclosures, Loans, Mortgage Lending, Personal Finance, Real Estate.
Tags: Balanced Approach, Ben Bernanke, Board Meeting, Consumer Groups, Credit Crisis, Current Mortgage, Emergency Loan Program, Fed Board, Fed Chairman, Federal Reserve, Foreclosures, Home Loan, Homebuyers, Incomes, Mortgage Bankers Association, Mortgage Lenders, Mortgage Lending, Policymakers, Record Highs, Subprime Borrowers
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