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House OKs housing rescue plan; Bush drops veto threat

chicagotribune.com     5 hrs ago   477 related          

Bush drops threat to veto mortgage bill The House approved a sweeping plan Wednesday to ease the most serious housing crisis since the Great Depression by providing aid to homeowners facing foreclosure and a federal backstop...                

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Lenders not required to take part in Housing Rescue bill

suntimes.com     21 mins ago          

Sandra Guy: Chicagoans desperate to save their homes will need luck to get help from the Housing Rescue bill that the U.S. House passed Wednesday and President Bush is expected to sign, experts say. "Lenders are not required to...                

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Housing woes

thestar.com.my     3 hrs ago          

Caught in a credit crunch like the rest of the real world, celebrities are forced to flog their properties cheaper by a few millions. And it all came together.’’ McMahon certainly is not the only celebrity to find himself in...                

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Federal bill provides for foreclosure counseling

newsday.com     5 hrs ago          

BY JANIE LORBER | janie.lorber@newsday.com A $30-million grant program included in yesterday's landmark federal housing bill would help thousands of mortgage holders get face-to-face advice from credit counselors. The funding,...                

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Frederick County wants to tackle vacant homes, shaggy lawns

wtop.com     22 hrs ago   2 related          

Frederick County might step in to help alleviate the housing crisis. They also directed the county's director of Housing and Community Development to investigate methods other counties are using to combat high rates of...                

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Foreclosures set new mark

signonsandiego.com     16 hrs ago   35 related          

Distressed mortgages continued to drag on the troubled economy in June, as a record number of homes in San Diego County went into foreclosure and notices of default – the start of the foreclosure process – declined only slightly.                

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Preforeclosure Activity Indicates Continued Weakness in Housing Prices in Vallejo California but...

prnewsnow.com     yesterday   1 related          

On the surface recent home sales data in Vallejo California suggest rapidly deteriorating market conditions In June the California Association of Realtors Trends publication reported a median sales price decline of properties...                

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WaMu Down $3.33 Billion in Quarter's Subprime Poker Game

seattlest.com     yesterday   12 related          

Bloomberg is reporting that WaMu lost $3.33 billion dollars in the second quarter of 2008. This news may be overshadowed by Wachovia's $8.9 billion whoopsie! but after raising $12 billion last year, Washington Mutual can't take...                

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Friends plan auction, hope to save woman's home

heraldnet.com     yesterday          

By David Chircop Herald Writer EVERETT -- A frantic blend of sewing, tears and laughter is stitching a tale of hope in Cindy Windecker's garage. Now, a mortgage that's about to increase for the second time in a year could force...                

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EDITORIAL: Extending a lifeline: Legislation to aid troubled homeowners and Fannie Mae and...

tmcnet.com     yesterday          

Via Acquire Media NewsEdge) Jul. 23--No legislation can sweep away all the debris from the storm in the mortgage markets, but a bill Congress is expected to consider this week would help borrowers move from risky subprime loans...                

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