CALABASAS, Calif., Oct. 25 (UPI) -- A move by Countrywide Financial to modify mortgages for homeowners facing foreclosure should be a model for national legislation, consumer advocates say.
WASHINGTON, June 10 (UPI) -- Federal policies designed to ensure mortgage loans were affordable for risky borrowers helped push the U.S. mortgage industry toward crisis, analysts said.
LONDON, April 3 (UPI) -- The backlog of mortgage applications in Britain has created chaos for borrowers, as processing delays can lead to increased rates, British brokers said.
NEW YORK, Jan. 7 (UPI) -- About 45,000 U.S. subprime borrowers sought to refinance their mortgages under a plan to prevent foreclosures, the U.S. Treasury secretary said.
WASHINGTON, Dec. 18 (UPI) -- The U.S. Federal Reserve Board proposed Tuesday changes that would protect consumers from "unscrupulous" mortgage lending and advertising practices.
WASHINGTON, Dec. 3 (UPI) -- The U.S. Treasury Department is "aggressively pursuing" a three-part plan to help homeowners avoid foreclosures, Treasury Secretary Henry Paulson said Monday.
WASHINGTON, Nov. 5 (UPI) -- The U.S. subprime mortgage crisis probably will worsen over the next 12 months before improving, a Federal Reserve governor said Monday.
NEW YORK, Oct. 15 (UPI) -- Black and Hispanic New York home buyers were more likely to get high-interest subprime mortgages than similar-income white buyers, a university analysis found.
WASHINGTON, Sept. 5 (UPI) -- The U.S. subprime mortgage crisis is limited to the housing industry and has not spread throughout the U.S. economy, the U.S. Federal Reserve said Wednesday.
JACKSON HOLE, Wyo., Aug. 31 (UPI) -- Federal Reserve Chairman Ben Bernanke said Friday the Fed stood ready “to act as needed” to ease financial disruptions on the economy.
WASHINGTON, Aug. 30 (UPI) -- President George W. Bush plans to ask the Federal Housing Administration to raise the price ceiling on mortgage insurance, The New York Times said Thursday.
WASHINGTON, Aug. 30 (UPI) -- Freddie Mac, the home-mortgage financier, reported a 45 percent drop in second-quarter net income and a $320 million loss on new mortgages Thursday.
WASHINGTON, Aug. 29 (UPI) -- U.S. Democratic presidential hopeful Sen. Barack Obama of Illinois says he would fine sub-prime mortgage lenders to bail out a myriad of foreclosures.
NEW YORK, Aug. 25 (UPI) -- Regulators are monitoring television ads for mortgages as the U.S. housing market sours and lenders become more aggressive in courting new customers.
NEW YORK, July 26 (UPI) -- Credit-worthy borrowers are beginning to show the effects of the subprime mortgage dilemma by falling behind on payments, a report said.
