Just a few days ago, before resigning yesterday Gov. Eliot Spitzer drafted a proposal to offer protection to homeowners who may be at risk of losing their house due to the subprime mortgage crisis.
The legislation comes with several provisions including mandatory pre-foreclosure notice and consent conferences between borrowers and lenders. Spitzer also wanted to strengthen [...]
Entries Tagged as 'Foreclosure Statistics'
Spitzer’s Mortgage Relief Plan in Jeopardy
March 13th, 2008 · No Comments
Tags: Foreclosure Information · Foreclosure Statistics
Federal Reserve Injects $200 Billion To Help Mortgage Market
March 12th, 2008 · No Comments
In his latest attempt Federal Reserve Chairman Ben S. Bernanke’s to repair the mortgage meltdown that poses the biggest threat to the economy, the Fed pledged yesterday to lend, in return for mortgage debt, $200 billion of Treasuries to the securities firms that trade directly with the central bank. Officials told reporters later that the [...]
Tags: Foreclosure Information · Foreclosure Statistics · Mortgage Notes
Bear Stearns, Fannie Mae, Freddie Mac, Contrywide All In Some Sort of Trouble
March 10th, 2008 · No Comments
Shares in Bear Stearns, Fannie Mae, Freddie Mac and other leading housing financiers plunged yesterday amid widening concerns about the health of the US mortgage market. “If liquidity is the elixir of life for any Wall Street firm, the current market certainly has the potential to be lethal,” said Kenneth Hackel, managing director of [...]
