Real Estate: Real Estate Industry
No free ride for subprimers
If you think responsible borrowers are getting the short end of the stick with President Bush's mortgage freeze - don't worry - subprime borrowers aren't getting off scot-free. Read more…
Foreclosure hotline overwhelmed with calls
After President Bush's announcement of a plan to ease the foreclosure crisis Thursday, a national hotline to help borrowers facing foreclosure has been inundated with calls, an official of the group that operates the counseling hotline said Friday. Read more…
Bush subprime plan offers help to 1.2M
The Bush administration unveiled a foreclosure relief plan Thursday that the White House said could help 1.2 million distressed homeowners. Read more…
Homeowner equity dips
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Foreclosures reach record high
The rate of homeowners going into foreclosure hit a record high in the third quarter, as did the percentage of those 90-plus days late with their payments, according to mortgage lenders' trade group, which forecast that the meltdown in the mortgage and real estate markets shaking the U.S. economy will continue to worsen over the next year. Read more…
Hope Now faces big challenges
A key component of the Bush Administration's plan to help troubled homeowners is already under pressure: finding qualified counselers. Read more…
Bush to unveil plan to help homeowners
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Freebies from home builders
In Seattle, a homeowner is offering round-trip airplane tickets to anywhere in the world, plus a six-night stay at a Four Seasons hotel to anyone who will just, please, buy the house he has on the market. Read more…
Clinton calls for subprime rate freeze
Senator Hillary Clinton spelled out the details of her subprime bailout plan Wednesday, calling for a 90-day moratorium on foreclosures and a five-year freeze on the interest rates of adjustable rate mortgages (ARMs). Read more…
A subprime bailout plan that works
One government response to the subprime mortgage crisis is up and running and on track to help a significant number of borrowers avoid losing their homes. Read more…
