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Government launches new mortgage aid effort
WASHINGTON - Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough.
Nations:U.S. People:Nancy Pelosi Charles Schumer Activities:U.S. Foreclosure Crisis
2008-11-11
Critics say new federal mortgage plan not enough
WASHINGTON - Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. The plan announced Tuesday by federal officials and mortgage giants Fannie Mae and Freddie Mac sounds sweeping in its approach: Borrowers would get reduced interest rates or longer loan terms to make their payments more affordable.
Nations:U.S. People:Nancy Pelosi Charles Schumer Activities:U.S. Foreclosure Crisis
2008-11-11
Citigroup to help at-risk borrowers stay in homes
NEW YORK - Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers remain in their homes -- making Citi the latest big bank to announce sweeping efforts to try to curtail losses from souring mortgages.
Nations:U.S. Activities:U.S. Foreclosure Crisis Source:(AP)
2008-11-11
Other woes makes foreclosure crisis hard to break
WASHINGTON - Each day from July through September, more than 2,700 Americans lost their homes in foreclosure.
Nations:U.S. People:Henry Paulson Activities:U.S. Foreclosure Crisis
2008-10-26
Bank of America reports profit drop, capital raise
NEW YORK - Bank of America Corp. on Monday reported its third-quarter results earlier than planned, revealing a 68 percent profit drop and plans to boost capital by selling stock and halving its dividend.
2008-10-06
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