President Bush has proposed reforms for the subprime mortgage industry. The meltdown in subprime mortgages is having a negative ripple down effect on several money markets and sectors of the economy.
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
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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
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
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
Wikizines are interactive magazines that anyone can create or edit - and this one is called "George Bush Proposes Subprime Mortgage Reforms". Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? Well, then put on your journalist's... Read Full Story
