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Clipped by Sam Stamper
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Monday, 28 April 2008
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Housing relief efforts slow as pace of foreclosures riseHope Now reports that it has helped keep over a half a million home owners out of foreclosure this year. Critics say that still isn't enough. |
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Last Updated ( Monday, 28 April 2008 )
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Clipped by Sam Stamper
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Friday, 18 April 2008
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Momentum builds for foreclosure reliefKey players have gotten behind the idea of government backing for mortgages, and the pressure to act will likely yield a compromise. Key factors: Who'll be eligible and how much risk should taxpayers assume?By Jeanne Sahadi, CNNMoney.com senior writer Last Updated: April 18, 2008: 9:09 AM EDT NEW YORK (CNNMoney.com) -- Congress isn't done debating how best to stem the foreclosure crisis, but one near-certainty has emerged: Lawmakers will pull together a housing bill that expands Washington's role in helping troubled borrowers. Key legislators, Bush administration officials, banking regulators and the presidential candidates have lined up behind the idea of letting the Federal Housing Administration back new loans for homeowners at risk of foreclosure |
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Clipped by Sam Stamper
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Thursday, 17 April 2008
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| Housing bailout: Helping hand or handout? |
By Sue Kirchhoff and Stephanie Armour, USA TODAYWASHINGTON — Even as home prices jumped earlier in the decade, conservative lenders in Vermont resisted high-cost, exotic loans. Today, as a massive U.S. housing bubble bursts, the state's mortgage delinquency rate is less than 3%, while values are still stable.In Nevada over the same period, home buyers gorged on unconventional loans, with 30% of Las Vegas borrowers taking out higher-cost subprime products in 2006. The state's delinquency rate is above 7%, home prices have plummeted, and in some areas, a majority of borrowers owe more than their homes are worth.Should taxpayers in Vermont be asked to bail out home buyers in Nevada? The answer now taking shape in Washington appears to be, "Yes |
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Clipped by Sam Stamper
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Tuesday, 15 April 2008
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Foreclosures jump 57% in MarchThe housing bust continues to take its toll, with over 50,000 homes lost to foreclosure. Nevada once again leads the nation in defaults.By Ben Rooney, CNNMoney.com staff writer Last Updated: April 15, 2008: 9:41 AM EDT NEW YORK (CNNMoney.com) -- Foreclosure filings jumped 57% in March compared with the same month last year and rose 5% versus February, as the nation's housing market continues to deteriorate. |
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Clipped by Sam Stamper
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Monday, 14 April 2008
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Number of people 'definitely' not buying over next two years surges to 60%; one in four homeowners fear drop in home values.April 14, 2008: 11:16 AM EDT WASHINGTON (AP) -- A growing majority say they won't buy a home anytime soon, the latest sign of increasing pessimism about the nation's housing crisis, a poll showed Monday. |
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