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Mortgage Homes

Obama mortgage plan has been tried, defeated  As part of a plan to help financially troubled Americans, Barack Obama last week proposed legislation that would allow judges to adjust the mortgage terms of homeowners who are in bankruptcy, so they?d have a better chance of saving their homes from foreclosure.

Pricing mortgage-backed securities will be tough  Some things are easy to price. Others, not so much. And that's the $700 billion problem facing the U.S. Treasury: how to value vast amounts of mortgage-backed securities that no one wants to buy.

Bankruptcies continue to rise as mortgage crisis worsens  As the country's mortgage crisis deepens, Americans are doing whatever they can to save their homes. Divorce, unemployment and medical expenses used to be the three big drivers of bankruptcy. Real estate has now also become a major factor.

Sales of preowned homes in West rose in August  Sales of existing homes in the West climbed higher in August versus a year ago, bucking a national trend as buyers snatched up sharply discounted foreclosed properties in California, Arizona and Nevada, according to two reports Wednesday. About 106,000...

Sales of preowned homes in West rose in August   Sales of existing homes in the West climbed higher in August versus a year ago, bucking a national trend as buyers snatched up sharply discounted foreclosed properties in California, Arizona and Nevada, according to two reports Wednesday.

McCain's manager got thousands from mortgage giant: report   The lobbying firm owned by John McCain's campaign manager, Rick Davis, accepted half a million dollars from stricken mortgage giant Freddie Mac, reports said Wednesday.

Fraud pleaded in mortgage cases  Several area residents pleaded guilty to mortgage fraud in two separate cases with ties to Prince William County.

Tough Talk on Countrywide Mortgage Suits  Six plaintiffs, including California Attorney General Jerry Brown, will ask a federal panel on Thursday to keep their individual lawsuits against Countrywide Financial Corp. untangled and out of a single federal court. Lawyers for Brown, the state of Illinois, the city of San Diego and plaintiffs in three private class actions say their claims against the troubled mortgage lender would be better ...

Sales of preowned homes in West rose in August  Wed, Sep 24, 2008 8:15 p.m. Sales of existing homes in the West climbed higher in August versus a year ago, bucking a national trend as buyers snatched up sharply discounted foreclosed properties in California, Arizona and Nevada, according to two reports Wednesday.

U.S. rescue for mortgage industry, but not for homeowners  Many housing and mortgage experts say the government would have a difficult time modifying mortgage terms even if it were eager to do so.