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Treasury Program Funds Mortgages

Oct. 20, 2009
Home buyers could benefit from a program unveiled Monday by the Treasury Department. The goal is to provide hundreds of thousands of affordable mortgages for working families, and to allow the development or rehabilitation of tens of thousands of affordable rental properties.
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Treasury says help outpaces foreclosures

Treasury says help outpaces foreclosures

WASHINGTON, Oct. 8 (UPI) -- The pace of U.S. help for homeowners has surpassed that of homes being sold under foreclosure procedures, U.S. Treasury Secretary Timothy Geithner said.
TARP sets sights on original purpose

TARP sets sights on original purpose

WASHINGTON, Sept. 29 (UPI) -- The $700 billion Troubled Asset Relief Program assembled in Washington a year ago is going to finally focus on toxic assets, administration officials said.
Treasury winds down money market program

Treasury winds down money market program

WASHINGTON, Sept. 18 (UPI) -- The U.S. Treasury Department said it would end its guarantee program for money market funds Friday, as it anticipated.

HUD moves away from 'ownership society'

WASHINGTON, Aug. 16 (UPI) -- The Obama administration is moving away from encouraging low-income Americans to buy homes, instead spending $4.25 billion on new rental units, officials say.
Official: FHA to seek $800M from Congress

Official: FHA to seek $800M from Congress

WASHINGTON, May 8 (UPI) -- The U.S. Federal Housing Administration will ask Congress for nearly $800 million to prop up a mortgage program for seniors, an official says.

Treasury to tackle second liens

WASHINGTON, April 28 (UPI) -- The U.S. Treasury Department said it would expand its mortgage modification program to include homeowners with second liens on their property.

Hearing to focus on TARP waste prevention

WASHINGTON, March 6 (UPI) -- Rep. Dennis Kucinich, D-Ohio, says he wants the U.S. Treasury Department to explain its efforts to prevent waste and abuse of federal bailout funds for banks.

U.S. fixed-rate mortgages unchanged

MCLEAN, Va., March 15 (UPI) -- The benchmark 30-year fixed-rate U.S. mortgage average was unchanged at 6.14 percent, U.S. mortgage finance company Freddie Mac said Thursday. The same mortgage averaged 6.34 percent a year ago, the company officially known as the Federal Home Loan Mortga

U.S. mortgage rates rise to 6.3 percent

MCLEAN, Va., Feb. 15 (UPI) -- U.S. mortgage rates rose slightly, to 6.3 percent from 6.28 percent for 30-year fixed-rate mortgages, Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 6.28 percent a year ago.

30-year fixed-rate U.S. mortgages steady

MCLEAN, Va., Jan. 4 (UPI) -- Rates on 30-year U.S. mortgages were unchanged at 6.18 percent the first week of the new year, mortgage giant Freddie Mac reported Thursday.
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Youngsters compete in Scripps National Spelling Bee
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Contestants (L-R) Cooper Barth of West Long Branch, New Jersey, Eboseremhen Eigbe of Galloway, New Jersey, Jacob Bayly Hunter of Sante Fe, New Mexico and Massound Sharif of Albany, New York, all await their turns to compete during the 3rd round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. UPI/Mike Theiler