Mortgage and Financial News From 2007-12-5 Page 11

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  • Deal near to freeze mortgage rates

    Detroit News - WASHINGTON -- Treasury Secretary Henry Paulson said Monday an agreement was near on a proposal to help thousands of at-risk homeowners avoid foreclosures by temporarily freezing their mortgage rates. One of the last remaining issues to be resolved ...
    2007-12-03 10:00:00

  • White House nears plan to freeze subprime rates

    CNN Money - The rates would be frozen if borrowers meet certain criteria, including being current on payments and being able to prove they cannot afford a higher rates. Officials caution that representatives of the mortgage industry have yet to agree to this, but ...
    2007-12-05 12:18:00

  • Freezing Mortgage Rates

    WTVR-TV - WASHINGTON (AP) - There's word of a deal to freeze some mortgage rates. According to congressional aides, the Bush administration has worked out an agreement with the mortgage industry. Interest rates for certain sub-prime mortgages would be frozen ...
    2007-12-05 02:13:00

  • Edwards, Clinton: Do More on Loans

    Forbes - The plan also is aimed at homeowners who are making payments on time at lower introductory mortgage rates but cannot afford a higher adjusted rate. "It will leave millions of families still at risk of foreclosure," Edwards said. "We must act ...
    2007-12-05 02:55:00

  • Bush housing statement at 1:40 p.m. Thursday

    Reuters - WASHINGTON, Dec 5 (Reuters) - President George W. Bush will make a statement on housing at 1:40 p.m. EST 1840 GMT on Thursday in Washington, the White House said. Bush was expected to outline a plan to freeze mortgage rates for five years for many U ...
    2007-12-05 03:10:00

  • Bush to outline 5-year rate freeze plan-source

    Los Angeles Times - WASHINGTON -- President Bush will outline Thursday a plan to freeze mortgage rates for five years for many U.S. homeowners facing sharp interest-rate resets, an industry source said today. The source, who is familiar with details of the plan, said it ...
    2007-12-05 01:01:00

  • US: Hillary Rodham Clinton calls for 90-day moratorium on mortgage ...

    MSN UK News - The Democratic presidential candidate proposed several steps to forestall mortgage foreclosures, including a 90-day moratorium on further loan foreclosures on owner-occupied homes and a freeze that would keep subprime mortgage rates from rising for ...
    2007-12-05 03:10:00

  • Paulson to discuss White House mortgage proposal

    Reuters - Also on Thursday, President George W. Bush is expected to offer a plan to freeze mortgage rates for five years for many U.S. homeowners facing increases in their monthly payments. (Reporting by Nancy Waitz, Editing by Chizu Nomiyama) ...
    2007-12-05 02:34:00

  • Hillary Rodham Clinton calls for 90-day moratorium on mortgage ...

    CNBC - The Democratic presidential candidate proposed several steps to forestall mortgage foreclosures, including a 90-day moratorium on further loan foreclosures on owner-occupied homes and a freeze that would keep subprime mortgage rates from rising for ...
    2007-12-05 03:10:00

  • U.S. mortgage plan will freeze certain subprime interest rates for five years (The Canadian Press via Yahoo! Canada News)

    WASHINGTON - The Bush administration has hammered out an agreement with industry to freeze interest rates for certain subprime mortgages for five years in an effort to combat a soaring tide of foreclosures, U.S. congressional aides said Wednesday.
    2007-12-05 01:51:00

  • Bush plan would freeze some mortgage rates for 5 years (Atlanta Journal-Constitution)

    Congressional aides say the Bush administration has hammered out an agreement with industry to freeze interest rates for certain subprime mortgages for five years in an effort to combat a soaring tide of foreclosures.
    2007-12-05 12:42:53

  • Bush mortgage plan freezes subprime rates for 5 years to prevent foreclosures (Chicago Tribune)

    The Bush administration has hammered out an agreement with industry to freeze interest rates for certain subprime mortgages for five years in an effort to combat a soaring tide of foreclosures, congressional aides said Wednesday.
    2007-12-05 02:45:06

  • Bush expected to announce freeze on mortgage rates (The Globe and Mail)

    WASHINGTON — President George W. Bush is expected to outline Thursday a plan to freeze mortgage rates for five years for many U.S. homeowners facing sharp increases in their monthly payments, industry sources said Wednesday.
    2007-12-05 10:35:42

  • Mortgage plan to freeze certain rates for 5 years (USA Today)

    Congressional aides say the Bush administration has hammered out an agreement with the banking and mortgage industry to freeze interest rates for certain subprime mortgages for five years in an effort to combat a soaring tide of foreclosures.
    2007-12-05 01:25:02

  • Former lawyer gets jail time for fraud

    South Florida Business Journal - At different times during the fraud scheme, Robles and his then-wife were spending more than $2 million a year in mortgage payments and various living and travel expenses. Robles also invested and lost millions of dollars in various startup ventures ...
    2007-12-05 11:35:00

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