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Washington Stated Income Mortgages

Many with mortgages cash-strapped  More than 7.5 million people -- almost 15 percent of American homeowners with a mortgage -- are spending half of their income or more on housing costs, according to 2007 data released today by the U.S. Census Bureau.

Democrats' bailout plan would let judges rewrite mortgages to lower homeowners' payments  WASHINGTON Judges could rewrite mortgages to lower bankrupt homeowners monthly payments as part of congressional Democrats proposal for a $700 billion financial system bailout. Also, companies that unloaded their bad assets on the government in the massive rescue would have to limit their executives pay packages and agree to revoke any bonuses awarded based on bogus claims, according to a ...

Rescue plan seeks $700B to buy bad mortgages  WASHINGTON �� The Bush administration is asking Congress to let the government buy $700 billion in toxic mortgages in the largest financial bailout since the Great Depression, according to a draft of the plan obtained Saturday by The Associated Press.

Bailout to help mortgages  WASHINGTON -- Scrambling for a swift deal on a $700 billion bailout for failing financial firms, key Democrats and Bush administration officials agreed Monday to include mortgage help for beleaguered homeowners but wrangled over other issues, including ��golden parachutes�� for executives who benefit from the unprecedented rescue.

Mortgage costs eat up income for many of us  About a third of South Florida homeowners with mortgages spent at least half of their paychecks on housing costs last year, according to U.S. census data being released today.

In brief: WaMu shares fall as confidence slips  Shares of Washington Mutual dropped 22 percent to $3.33 amid concerns that a $700 billion bailout plan won't erase enough of its soured mortgages to lure bidders.

A Hedge Fund Like No Other  Given the panic in Washington over the financial markets, it is virtually certain that Congress will soon pass some form of the bailout plan the Treasury put forward last week. This is not an ideal proposal, particularly since it does not address the underlying problem with mortgages and negative housing equity. No troubled mortgage holders would benefit directly, and key commercial banks might ...

Bush team, Congress haggle over $700B bailout  WASHINGTON -- Strapped homeowners could get government help renegotiating their mortgages as part of the $700 billion financial bailout legislation taking shape in Congress.

Most Reverse Mortgages Dodge Credit-Crisis Woes   Is there any connection between reverse mortgages and the problems that have been in the news recently?

30-year mortgages dip to lowest since February  WASHINGTON, D.C. - Rates on 30-year mortgages dropped sharply again last week, falling to the lowest level in seven months, as rates continue to decline following the government's dramatic takeover of mortgage giants Fannie Mae and Freddie Mac.