George Bush Proposes Subprime Mortgage Reforms

The United States is in a Mortgage crises. It seems like everyone is losing their homes It really is sad, because foreclosure effects the entire family. I was wondering if there are other countries in the middle of a mortgage crises or is this just a problem in the United States. I understand that there are a lot of Bloggers from India who write here at writing campus. So if anyone can comment on the housing market in India please do. I just hope whoever is elected president in the... Read Full Story

I’m sorry for the people who are losing their homes. Most of them, however, are losing their homes because they made a mistake, and, to be honest, they were foolish. I knew enough to get a 15-year fixed rate mortgage. A balloon mortgage is idiotic. A few points lower for three to five years doesn’t make up for boundless increases for the next 25 years. How many people who now have homes they can’t afford watched any number of those house “flipping” shows on The Learning Channel, DYI, Bravo... Read Full Story

Think Progress Housing agency drafts mortgage bailout plan: sources Reuters -4 hours ago Borrowers who are extremely delinquent in their mortgage payments and those who have seen their homes decrease in value since their original loan was … FHA mortgage limit hiked to $729750 for LINewsday E-LOAN to Offer FHA Loans to Help Millions of Consumers in …FOXBusiness McCain warns against hasty mortgage bailoutInternational Herald Tribune Biloxi Sun Herald all 28 news articles More... Read Full Story

By Jerry McDaniel If you purchased a house with an adjustable rate mortgage and you find yourself in trouble, you probably welcome all the various plans to bail you out.      Hillary has suggested several plans to help homeowners to forestall or reverse plans by lenders to foreclose on properties that are behind on their mortgage [...] Read Full Story

By Reuters | 13 Mar 2008 | 04:32 PM ET A mortgage bailout plan hatched between Wall Street and Congress is gaining political traction even though it could be on a crash-course with the Bush administration. The plan would amount to a steroid boost for the Federal Housing Administration, a program conceived to help poor people buy homes that is now being used as a subprime mortgage lifeline. Both Credit Suisse and Bank of America have mapped out how the FHA could gather up more shaky home... Read Full Story