Latest News in Refinancing Home Mortgages – Oct 16, 2008
Please note it is your responsibility to evaluate the accuracy, completeness and usefulness of any information, opinion or advice contained in the content below.Homeowners Ask: Hey, Washington, a Little Help? – Time
A foreclosure sign sits in front of a home for sale in Stockton, California. More than a year ? and a half a dozen rescue plans ? later, little progress has been made in turning the tide. The nation’s foreclosure rate has risen in every month …
McCain’s plan for troubled home loans called impractical – Newsday
WASHINGTON – John McCain ’s proposal to have the federal government directly buy and refinance troubled home loans would cost about $300 billion, his campaign said yesterday, as the plan was criticized in light of the scale of the mortgage meltdown …
McCain Mortgage Plan Draws Doubts – CBS News
Confused about what’s happening with the economy? You’re not alone. Send us your questions for our experts to answer. Sen. John McCain ’s proposal to have the federal government directly buy and refinance troubled home loans would cost about $300 …
To cut losses, homeowners consider default – Miami Herald
More than four in 10 South Florida homeowners who bought in the last five years owe more on their mortgages than their homes are worth. For those who bought in 2006 — the year prices peaked — the situation is even worse. A startling 76 percent of …
World stocks tumble as Tokyo markets plunge 11 pct – Associated Press
HONG KONG (AP) — World stocks tumbled Thursday, with Tokyo’s market plunging more than 11 percent, after another dive on Wall Street as worse-than-expected data about the U.S. economy heightened fears of a global recession. Japanese Prime Minister …
Candidates Spar Over McCain Plan for Loans – Washington Post
Resize The mortgage proposal became the latest point of strife between two campaigns that have tried to turn discussions about the economic crisis into questions about their opponent’s fitness for office. Echoing a theme of the past several days …
Report: Home-builders lobby — again — for tax breaks for buyers – Los Angel…
A quickie from the Wall Street Journal today : “Home builders, including Stuart Miller, chief executive of Lennar Corp., are lobbying for a $15,000 to $20,000 tax credit to spur demand, saying the $7,500 credit passed by Congress in July has failed …
Asian Stocks Plunge as Credit Crisis Widens; Nikkei Tumbles – Bloomberg
Oct. 10 (Bloomberg) — Asian stocks tumbled, driving Japan’s Nikkei 225 Stock Average down 11 percent, and U.S. futures slumped on concern the deepening credit crisis will push the global economy into recession and spur corporate failures. Mitsubishi …
Worthy foreclosure rescue? – Boston Herald
P HILADELPHIA – The federal government?s latest efforts to prevent foreclosures are getting a lukewarm response from economists, officials and advocacy groups. Many doubt that lenders, already facing huge losses, will agree to take on more red ink …
McCain Plan Draws Doubts From Experts On Mortgages – Washington Post
Sen. John McCain ’s proposal to have the federal government directly buy and refinance troubled home loans would cost about $300 billion, his campaign said yesterday. That money would come from the new $700 billion Wall Street bailout and a $300 …
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