Types Of Bankruptcy

UPDATE: Mortgage Lenders Point To Efforts To Fend Off Foreclosures: MBA (Nasdaq)  CHICAGO (Dow Jones) -- As the rate of home foreclosures hit record highs in the third quarter, mortgage lenders say they worked on loan modification and repayment plans for more


Housing Program Is Ready to Build  By Eric Pera The Ledger LAKELAND -- A goal of Lakeland's inner-city revitalization is making homeowners of people who may have given up on that dream.via


Feds may expand mortgage help program (AP via Yahoo! News)   Treasury Secretary Henry Paulson said Tuesday the administration was exploring what would be a significant expansion of the program to help at-risk mortgage holders.read more...


Fed fires another shot at Fannie Mae  A Federal Reserve governor says the likelihood Fannie Mae and Freddie Mac may balloon their portfolios poses systemic risks to the U.S. economy.Commentread more...


Audit: State needs to increase oversight of mortgage industry (Boston Globe)  A new audit finds the state's Division of Banks needs more resources to improve oversight of mortgage lenders and brokers.read more...


Jet-Set Debt  Not sure how to buy Icelandic bonds? Managers at a fund like Julius Baer Total Return Bond will do it for you.via

August 23rd, 2007

Mortgage mess fallout: foreclosure rescue scams (CNNMoney.com via Yahoo! Finance)

Jennifer Falke and her family had been in their Columbus, Ohio home for nearly 12 years when they hit a rough patch in 2006. Falke was out of work and fell behind on the mortgage.

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