Foreclosures Riddle Insolvency Debate on Fannie-Freddie

Friday, August 1st, 2008

The nationwide foreclosure riddle has raised questions on the solvency of the nation’s largest mortgage companies Fannie Mae and Freddie Mac. Whether these giant finance agents are sound or not have become a matter of national debate. Wall Street and Washington echoed with the question when the share prices of the two companies dipped again [...]

Popularity: 12% [?]

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Crashing Foreclosure Rates Responsible For Collapse Of Fannie-Freddie

Monday, July 28th, 2008

The crashing foreclosure rate throughout the nation is being held responsible for the collapse of the two indispensable housing-mortgage companies of the country Fannie Mae and Freddie Mac. The government policy makers had issued a warning beforehand in anticipation of the impending catastrophe. The investors are overawed at the outcome of these major lending companies [...]

Popularity: 12% [?]

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Foreclosures Increase While Mortgage Help Decrease

Monday, July 14th, 2008

It has been noticed in May that while foreclosures increased the pace of mortgage help decreased. Critics have come out harshly about the progress of help engineered by the government.
The Bush administration set up the Hope Now organization to help foreclosure victims. It claimed on Wednesday to have helped nearly 169,000 borrowers in loan workouts [...]

Popularity: 14% [?]

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Mortgage Giant Countrywide Being Sued For Foreclosure Lapses

Thursday, July 10th, 2008

The Bank of America is buying off Countrywide but meanwhile it is being sued by three states for foreclosure lapses. California, Illinois and Washington Attorney Generals took the step of filing lawsuits against Countrywide on Tuesday. The bodies that regulate financial institutes in all three states alleged that Countrywide had indulged in fraudulent mortgage practices.

An [...]

Popularity: 30% [?]

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Acorn Up Against Foreclosures

Monday, July 7th, 2008

From 1999 ACORN has been up against foreclosures emanating from predatory lending. The members of ACORN have tried to spread awareness among the house owners. Protests have been organized against targeted lenders so as to make them change their ways. ACORN has also persuaded regulators to clamp down on some of the worst mortgage houses [...]

Popularity: 32% [?]

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The Human Toll Of The Foreclosure Crisis

Tuesday, July 1st, 2008

The human toll of the foreclosure crisis is something beyond the maze of numbers and percentages. In Queens no yardstick can measure the agony. Entire city blocks are being engulfed by foreclosures shattering the day-to-day lives of families.
Foreclosures are concentrated in Queens in an intense way – the highest in New [...]

Popularity: 50% [?]

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