Archive for August, 2007
Bush’s Plan Brings FHA To Mortgage Front Line (Washington Post)
Friday, August 31st, 2007President Bush’s plan yesterday to stem the rise of mortgage defaults put the spotlight on a Federal Housing Administration that had steadily lost relevance in recent years as more-aggressive private lenders came to dominate the marketplace.
Original post by Yahoo! News Search Results for mortgage
Bush Offers Measures to Help Ease Mortgage Crisis (Washington Post)
Friday, August 31st, 2007President Bush today unveiled a series of measures intended to help ease a wave of mortgage defaults, but he ruled out any federal bailout for lenders or for homeowners who bought properties they could not afford.
Original post by Yahoo! News Search Results for mortgage
U.S. Stocks Rise on Bush Mortgage-Aid Plan; Fannie Mae Gains (Bloomberg.com)
Friday, August 31st, 2007Aug. 31 (Bloomberg) — U.S. stocks rallied, extending their first monthly advance since May, on President George W. Bush’s plan to curb mortgage defaults and stem losses in credit markets.
Original post by Yahoo! News Search Results for mortgage
Wall St climbs on Bush mortgage plan optimism (Reuters via Yahoo! News)
Friday, August 31st, 2007Stocks rose on Friday on optimism a plan by President Bush to help struggling subprime mortgage borrowers avoid foreclosure would help loosen credit conditions that have rattled financial markets.
Original post by Yahoo! News Search Results for mortgage
Bush outlines aid for mortgage holders (AP via Yahoo! News)
Friday, August 31st, 2007President Bush on Friday outlined ways to help homeowners facing foreclosure — the administration’s first effort to deal with an expected wave of defaults fueled by the mortgage crisis.
Original post by Yahoo! News Search Results for mortgage
Bush to propose steps to deal with mortgage crisis (Reuters via Yahoo! News)
Friday, August 31st, 2007President George W. Bush on Friday will propose a series of steps to address the mortgage crisis after weeks of turmoil in financial markets, the White House said.
Original post by Yahoo! News Search Results for mortgage
Stocks Jump after Bernanke, Bush Speak
Friday, August 31st, 2007The Fed chief and the President addressed housing issues. New economic data suggest the economy is on track
Original post by AnthonyK
Bush To Outline Aid To Mortgage Holders (CBS News)
Friday, August 31st, 2007Offering federal aid for strapped mortgage holders, President Bush is proposing to help hundreds of thousands of borrowers hard hit by the housing slump.
Original post by Yahoo! News Search Results for mortgage
Texan Pleads Guilty to Defrauding Mortgage Lenders
Friday, August 31st, 2007Firooz Deljavan, 56, former owner and operator of Austin Realtors Network, Inc., faces five years in federal prison after pleading guilty to participating in a fraud and money laundering scheme that defrauded federally insured financial institutions and mortgage lenders of more than $15 million.
Appearing before U.S. Magistrate Judge Andrew Austin, Deljavan pleaded guilty to one count of conspiracy to commit mail, wire and bank fraud and one count of conspiracy …
Original post by default@goarticles.com (Chris Robertson)