Rescue of mortgage giants could hit $25 billion (AP via Yahoo! News) A federal rescue of Fannie Mae and Freddie Mac could cost taxpayers $25 billion, congressional budget experts said, as the House scheduled a Wednesday vote on legislation that would
Schwarzenegger approves $1.75M for rent, mortgage payments (KESQ) SACRAMENTO Governor Schwarzenegger has authorized one-point-seven-five (m) million dollars in emergency funding to help people affected by last month's freeze pay their rent, mortgage and utility bills.read more...
Housing party not over yet My last two columns laid out reasons why the housing market might be in a bubble, and why it might not be.via
Mortgage insurers call on reinsurance to help cover losses amid housing, credit market woes (Deseret Morning News) Record numbers of mortgage defaults during the U.S. housing crisis are likely, for the first time, to trigger significant payments from lender-operated reinsurance companies that provide a backstop to traditional
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McCanns admit using Madeleine fund to pay mortgage (AFP via Yahoo! News) The parents of missing toddler Madeleine McCann used public money donated to a fund for finding their daughter to pay their mortgage, their spokesman confirmed Tuesday.read more...
A package of measures aimed at supporting the slumping housing market, unveiled by the government today, is unlikely to boost the number of property purchases, the Council of Mortgage Lenders said.
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