Ohio Mortgage Loan News
May 11th, 2008 by mortgage
House passes rescue package for mortgage crisis
Christian Science Monitor – Boston,MA,USA
The plan provides $300 billion in federal loan guarantees to lenders who agree to reduce the outstanding principal on loans. In exchange for a new mortgage, …
House Sends Broad Housing Package Back to Senate
CQPolitics.com – Washington,DC,USA
Lawmakers by 266-154 adopted the centerpiece of the package, an amendment that combined several major pieces of legislation: an overhaul of mortgage finance …
Mortgage guarantee bill pressures House Republicans
Los Angeles Times – CA,USA
Under the measure, lenders must agree to take a significant loss on a homeowner’s debt in return for a federal guarantee that the reduced loan will be …
Housing Bailout Bill Seems to Be on Shaky Ground
New York Times – United States
In a twist, Democrats sought to claim the support of Ben S. Bernanke, the Federal Reserve chairman, who this week called on Congress to help mortgage …
AIG Will Raise $12.5 Billion After Quarterly Loss (Update4)
Bloomberg – USA
Operating profit at AIG’s American General Finance fell 78 percent to $11 million as the mortgage lender increased its allowance for loan losses. …