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Tuesday September 7th 2010

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Posts Tagged ‘mortgage’

Foreclosures: Feds to the Rescue?

Banks may be required to offer interest rate relief for strapped homeowners. But it's unclear who will qualify and if the plan would put a dent in foreclosures The Federal Deposit Insurance Corp. and the Treasury Dept. are working on a major program to prevent widespread foreclosures that would include government guarantees of home [...]

The Financial Crisis Blame Game

The Financial Crisis Blame Game

Think of the current market and economic turmoil as a disaster by committee, with blunders by government officials, Wall Street pros, and regular Americans alike Tune in to Anderson Cooper on CNN and watch as he counts down the “10 Most Wanted Culprits of the Collapse.” Pick up the New York Post and read about FBI investigations of top [...]

IndyMac’s Fast-Track Mortgage Modification Program

IndyMac’s Fast-Track Mortgage Modification Program

It not only can stave off foreclosures but also provide a blueprint for how the industry can tackle troubled home loans When Mark Akers got an offer from his mortgage lender in September to slash his monthly payments down to $2,500, from $4,200, he jumped at the chance. (more...)

The Bailout: Senate Is Next

The Bailout: Senate Is Next

A vote is scheduled for Wednesday night on a modified Paulson plan, with tax breaks and more FDIC protection for depositors After a seemingly quiet day in Washington—at least by the standards of recent weeks—the saga of the Treasury's stalled $700 billion rescue package for the financial sector took another surprising turn early on Tuesday [...]

Financial Crisis Shock Waves Reach Municipalities

Financial Crisis Shock Waves Reach Municipalities

Jefferson County, Ala., may be headed for the largest municipal bankruptcy ever. With the economy shrinking, it may not be alone It's not just on Wall Street where dubious financial decisions are creating casualties. Municipalities, many of which made enormous financial promises when the economy (more...)

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