Bush Says No To Any Bill Bailing Out Home Lenders "Laws shouldn't help speculators. The government ought to be helping creditworthy people stay in their homes." President Bush, acknowledging the economic "tough times" for many Americans, said Monday that
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Mortgage woes seen holding US growth below trend (Washington Post) SAN FRANCISCO (Reuters) - A credit crunch stemming from turmoil in the subprime mortgage market will trigger further weakness in housing and keep U.S. economic growth "below trend" most of
(AFX UK Focus) 2006-02-16 09:08 GMT: Hong Kong shares close higher on mortgage rate cuts, fund inflows - UPDATE (Interactive Investor) HONG KONG (AFX) - Share prices closed higher, with trading paced largely by property stocks as the reduction by major local banks of their mortgage loan rates fueled expectations of
Vacant property fees add to mortgage firms' woes (Baltimore Sun) As home foreclosures continue to rise, a growing number of local governments are imposing stiff fees on mortgage companies responsible for the vacant properties.
Suburbs, A Dream Too Real To Live? read more...
Oil’s surge past $140 a barrel was just one of the day’s troubling developments.
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