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Nonprofit Debt Consolidation Mortgage

Forget Wall Street's Debt, Pay Your Own  Paying off credit card debt, pre-paying your mortgage bring guaranteed "gains."

Giant Government Debt Buyout: Will it Save the Economy?  Announcement of a huge government program to take over billions in bad mortgage debt capped a tumultuous week on Wall Street. But will federal actions avert more bad economic news?

Fannie, mortgage bonds are buys on Paulson plan, JPMorgan says   NEW YORK -- Investors should buy the debt of Fannie Mae and Freddie Mac as well as mortgage bonds because they will benefit from the U.S. government's plan to boost confidence in financial markets, analysts at JPMorgan Chase & Co. said.

Deutsche Bank boosts mortgage losses projection  Deutsche Bank AG boosted projections of its losses on U.S. mortgage debt to $544 billion, or about 23 percent higher than its May forecast, amid expectations of further drops in home prices.

U.S. Reps. Richard Neal, John Olver call for greater oversight of financial markets in wake of mortgage crisis  SPRINGFIELD - Both of the Pioneer Valley's congressmen called for greater oversight of the financial markets today as they get ready to vote this week on a federal plan to buy $700 billion in bad mortgage debt.

Oil rises in Asia as investors mull impact of US bad debt bailout proposal  Alex Kennedy September 22, 2008 - 04:16 a.m. SINGAPORE - Oil prices rose Monday in Asia as investors grappled with the possible impact on crude demand of a $700 billion U.S. proposal to buy bad mortgage debt.

Bond Risk Rises on Uncertainty About Bad-Debt Plan's Mechanics  Sept. 23 -- Bond default protection costs rose in Asia-Pacific on uncertainty about how the U.S. government's plan to buy devalued mortgage-backed assets will prevent further turmoil in global credit markets.

Mortgage companies paid McCain aide as advocate  Several current and former executives of Fannie Mae and Freddie Mac say Senator John McCain's campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants to defend them against stricter regulations.

Oil dips below $109 as traders mull bailout plan   Oil prices dipped below $109 a barrel Tuesday in Asia in a choppy market driven by uncertainty about whether a $700 billion U.S. plan to buy bad mortgage debt will stabilize the financial system.

Paulson, Lawmakers Agree on Equity Stake for Debt, Frank Says  Sept. 22 -- House Financial Services Committee Chairman Barney Frank said lawmakers and Treasury Secretary Henry Paulson agreed that the $700 billion plan being developed to buy bad mortgage investments should give the U.S. authority to take equity in participating companies.