Government may soon back troubled mortgage giants The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's mortgage debt, a person briefed on the matter said Friday night.
US government to take over mortgage giants: reports The US government is planning to put under strict federal control troubled mortgage giants Fannie Mae and Freddie Mac, fire their top executives and use federal funds to bail them out, US media reported on their websites.
U.S. to take control of mortgage giants: reports The U.S. government plans to put troubled mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported on Friday.
Rangel had no-interest mortgage more than 10 years Rep. Charles Rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful House committee chairman said Friday.
3 indicted in mortgage fraud A former Detroit cop and a City of Detroit property appraiser have been indicted in a $2.1-million mortgage fraud case, the U.S. Attorney's Office said Friday. It said former police officer Pierre Greene, 27, city appraiser Jacque Miller, 37, and Sandy Robinson, 50, of Detroit were named in an 11-count indictment charging them in a property-flipping scheme.
More record-breaking mortgage woes hit homeowners 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.
Behind latest mortgage woes: ballooning payments 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.
Government may soon back troubled mortgage giants The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's mortgage debt,...
Mortgage delinquencies in New Jersey rise in latest survey WASHINGTON -- The delinquency rate for mortgage loans on residential properties in New Jersey was 5.43 percent at the end of the second quarter, an increase of 56 basis points, according to the Mortgage Bankers Association in a report released today.
14 percent of Florida facing mortgage crisis More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday.
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