Financial crisis Woman 90 shoots herself to avoid foreclosure

telegraph.co.uk

Oct. 6, 2008

Fannie Mae the US mortgage giant is to forgive the mortgage debt of a 90yearold woman after she shot herself when police tried to evict her.

Treasury may be considering mortgage help

WASHINGTON, Dec. 4 (UPI) -- The U.S. Treasury Department is considering direct intervention in the mortgage industry to drive down costs and lift the market, officials said.

Mortgage applications skyrocket in week

WASHINGTON, Dec. 3 (UPI) -- The volume of applications for U.S. mortgages jumped 112.1 percent last week, due to a big drop in interest rates, an industry group said.

Foreclosures under review in Britain

LONDON, Nov. 28 (UPI) -- The Financial Services Authority, Britain's financial watchdog, has given lenders until Jan. 31, to review their policies on mortgage foreclosures.

Fannie and Freddie suspend foreclosures

WASHINGTON, Nov. 20 (UPI) -- Fannie Mae and Freddie Mac Thursday announced details of a plan to halt foreclosures and evictions from Thanksgiving until a week after New Year's.

Mortgage plan falls short, Bair says

WASHINGTON, Nov. 12 (UPI) -- Federal Deposit Insurance Corp. chairman Sheila Bair said the U.S. Treasury's mortgage modification program unveiled Tuesday does not go far enough.

Waxman sets Fannie, Freddie hearings

WASHINGTON, Oct. 21 (UPI) -- U.S. congressional Democrats say they have scheduled hearings into failures at mortgage giants Fannie Mae and Freddie Mac but not until after the election.

Feds to let elderly woman return home

AKRON, Ohio, Oct. 4 (UPI) -- U.S. housing officials say they are forgiving the mortgage of a 90-year-old Ohio woman who shot herself as she was about to be evicted.

Woman shoots self as deputies try to evict

WASHINGTON, Oct. 3 (UPI) -- The plight of an Ohio woman who shot herself as deputies tried evict her from her foreclosed home was part of congressional debate on the $700 billion bailout.

Report: Freddie Mac was shedding mortgages

WASHINGTON, Sept. 27 (UPI) -- Mortgage giant Freddie Mac was quickly shedding mortgages in an effort to raise cash when it was seized by the U.S. government, new figures show.

FBI investigates four Wall Street players

WASHINGTON, Sept. 24 (UPI) -- The FBI has opened investigations into possible fraud at four entities at the center of the recent turmoil in the U.S. financial markets, officials said.

U.S. markets end week mixed

NEW YORK, Sept. 12 (UPI) -- U.S. stock indexes closed mixed Friday at the end of a week that saw the government takeover of Fannie Mae and Freddie Mac.

China may cut its dollar holdings

BEIJING, Sept. 12 (UPI) -- A leading investment bank in China said the country may trim the portion of its currency reserves tied to U.S. dollars.

Obama, McCain have ties to Fannie, Freddie

WASHINGTON, Sept. 10 (UPI) -- The major-party U.S. presidential candidates have ties to troubled Freddie Mac and Fannie Mae, a review of records indicates.

Charities may suffer on regulator's move

WASHINGTON, Sept. 10 (UPI) -- The fate of charitable donations made by faltering U.S. mortgage giants Freddie Mac and Fannie Mae is under review, a government official said.