Nov
Reuters - The regulator for the two largest U.S. mortgage finance companies on Tuesday unveiled a plan to cut monthly payments for struggling homeowners in an effort to reverse a wave of defaults threatening the economy.
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Nov
AP - Volatility slammed Wall Street again Tuesday as the reality hit investors that few industries are safe from the consumer spending slump whether they're building homes, making cars or selling coffee. The Dow Jones industrial average fell about 150 points.
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Nov
AFP - The US government Tuesday announced a sweeping program to ease payment terms for hundreds of thousands of homeowners struggling to service mortgages held by home finance giants Fannie Mae and Freddie Mac.
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Nov
Reuters - Stocks cut losses in afternoon trading on Tuesday, after BlackRock President Robert Kapito said a $30 billion Bear Stearns mortgage portfolio could end up being worth more than its market value implies and housing agencies said they would widen help for homeowners.
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Nov
Reuters - Housing agencies announced on Tuesday a plan to ease mortgage payments for troubled borrowers through mortgage finance giants Fannie Mae and Freddie Mac.
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Nov
Reuters - The regulator for mortgage finance companies Fannie Mae and Freddie Mac said it would unveil on Tuesday a new loan modification program that is meant to make mortgage payments more affordable and prevent foreclosures.
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Nov
AP - In the most sweeping effort so far to help troubled homeowners, the federal government and the mortgage industry on Tuesday will announce a plan to streamline the assistance process for hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.
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Nov
AP - The federal government and the mortgage industry are announcing a new effort Tuesday afternoon to streamline the process of modifying loans held by mortgage finance companies Fannie Mae and Freddie Mac.
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Nov
AFP - Citigroup on Tuesday launched measures to help embattled borrowers remain current on mortgage payments and avoid foreclosures on their homes.
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Nov
Reuters - Citigroup Inc on Monday became the latest major U.S. lender to try to help borrowers stay in their homes, launching a program it said may result in $20 billion of mortgage refinancings.
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