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Economic Scene: A Bailout Aimed at the Most Afflicted Homeowners

Feb. 18, 2009
A key to understanding the housing bailout is that two very different groups of homeowners face foreclosure.
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Congress wants bailout expansion pricetag

WASHINGTON, Jan. 24 (UPI) -- Congressional leaders are urging President Barack Obama to quickly determine how much he'll need if he expands the financial system bailout, observers say.

Bush spokesman defends bailout

WASHINGTON, Dec. 23 (UPI) -- The bailout of the U.S. auto industry arranged by the Bush administration is the best possible given Congress's failure to act, a spokesman said Tuesday.

Fla. homeowner: 'Where's our bailout?'

INDIAN HARBOUR BEACH, Fla., Dec. 22 (UPI) -- A Florida man's house has gained notoriety for a message he painted on his roof to the government from homeowners: "Where's our bailout?"

Homeowner help needs to walk a fine line

WASHINGTON, Oct. 31 (UPI) -- A bailout package for U.S. homeowners is not going to make every one of the country's over-extended homeowners happy, a policy adviser said.

Treasury plans partial mortgage guarantees

WASHINGTON, Oct. 29 (UPI) -- U.S. Treasury and Federal Deposit Insurance Corp. officials are working on a plan to help struggling homeowners avoid foreclosure proceedings, sources said.
Congressman steamed over executive bonuses

Congressman steamed over executive bonuses

WASHINGTON, Oct. 23 (UPI) -- A report outlining $70 billion in executive bonuses potentially due Wall Street bank executives this year has one U.S. congressman fuming.
Bush pushes quick bailout bill passage

Bush pushes quick bailout bill passage

WASHINGTON, Sept. 22 (UPI) -- Failure by Congress to act on the Wall Street bailout will have consequences beyond the markets it's designed to save, U.S. President George Bush said Monday.
Treasury focus is homeowners, Paulson says

Treasury focus is homeowners, Paulson says

WASHINGTON, Feb. 28 (UPI) -- U.S. Treasury Secretary Henry Paulson said the Treasury would focus on solutions to the home mortgage crisis to help borrowers.

Falling prices puts homeowners in a bind

WASHINGTON, Feb. 22 (UPI) -- Falling home equity has trapped 8.8 million U.S. homeowners in mortgages worth more than their homes' probable selling price, The New York Times reported.

Mortgage scams plaguing Phoenix residents

PHOENIX, April 22 (UPI) -- Authorities in Phoenix are warning mortgage holders with financial troubles to watch out for scams involving so-called foreclosure rescue companies.
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French Open tennis in Paris
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Russian Maria Sharapova signs autographs after winning her French Open womens first round match against Romanian Alexandra Cadantu at Roland Garros in Paris on May 29, 2012. Sharapova defeated Cadantu 6-0, 6-0 to advance to the next round. UPI/David Silpa