Highlights
A collection of news and information related to Mortgages published by Tribune Company sources.
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Henry Paulson pushes his plan for Fannie Mae, Freddie Mac
Treasury Secretary Henry Paulson said the best option for the future of Fannie Mae and Freddie Mac could be for the mortgage giants to be run like public utilities. Fannie Mae and Freddie Mac were taken over by the government in September and placed in a...Tags: Freddie Mac, Henry Paulson, Fannie Mae
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As economy sinks, scam artists rise
Tribune reportersExperts: Be wary, know the laws 5 tips on avoiding scams: 1. Be vigilant. Scams appear to be more prevalent during this economic downtown. 2. Beware of financial-services firms requiring upfront fees. Lenders cannot do so. 3. Credit repair services...Tags: Financial and Business Services, Interior Policy, Auction Service, Personal Data Collection, Credit and Debt
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Fewer apply for home loans; credit line delinquencies increase
Fewer Americans applied for mortgages last week and more have been missing payments on their home equity lines of credit, according to surveys released Wednesday. The Mortgage Bankers Assn. said applications for home loans fell 8.2% last week from the...Tags: Consumers, Banking, Money and Monetary Policy, Credit and Debt, Loans
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real estate transactions
Forum Publishing GroupDeerfield Beach Sept. 30 •2363 SW 15th St, #92 $96,000 Sellers: LaSalle Bank National Association and Ownit Mortgage Loan Trust Buyers: Issac B. Rosario and Betsaida Roman •1380 SW 47th Ave $130,000 Bank-owned Sale Sellers:...Tags: Financial and Business Services, Homes, Real Estate Sellers, Broward County, HSBC Holdings Plc
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Pines veteran gets reprieve from foreclosure
Forum Publishing GroupThe new year is already looking better for Hugo Gonzalez since he isn't dealing with the possibility of a foreclosure on his home. Although foreclosures are increasingly common in South Florida, Gonzalez's situation comes with an additional...Tags: Pembroke Pines, Financial and Business Services, Veterans Affairs, Defense, Emergency Incidents
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Bond prices decline even as Treasury auctions off a record $30 billion in 3-year notes
AP Business WriterNEW YORK (AP) — Treasury prices fell Wednesday despite a decent note auction, as investors grew more hesitant about pouring money into government debt. The Treasury Department sold a record $30 billion in three-year notes to more than twice as many...Tags: Wages and Pensions, U.S. Department of Treasury, Securities, Federal Reserve, Auction Service
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Homebuilders push to get their housing aid plan into Obama's economic rescue package
AP Real Estate WriterWASHINGTON (AP) — With lawmakers angling to pass an economic recovery package by the middle of next month, desperate homebuilders from around the country flew to Washington to spend Wednesday pushing a $150 billion plan to revive the housing market....Tags: CEO Pay, Financial and Business Services, Sales, National Government, Big 3 Auto Bailout
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Blumenthal Bill Targets Foreclosure-Rescue Schemes
With foreclosures at record levels in Connecticut, the attorney general on Tuesday proposed legislation aimed at protecting consumers from foreclosure-rescue and other personal finance schemes that promise help for a fee, but don't deliver. Attorney...Tags: Foreclosures, Financial and Business Services, Consumers, Richard Blumenthal, Laws
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Paulson: allowing Fannie Mae, Freddie Mac to return to old operating ways is not an option
AP Economics WriterWASHINGTON (AP) — Treasury Secretary Henry Paulson on Wednesday said the best option for the future of Fannie Mae and Freddie Mac could be for the mortgage giants to be run like public utilities. In what could be his last speech as Treasury...Tags: Automotive Equipment, Government, Freddie Mac, National Government, Chrysler LLC
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Shelters brace for homeless families
Tribune reportersCindy Almendarez avoided the homeless shelter for as long as possible, shuffling her children from a friend's basement to a roach-infested apartment before bunking down in the back seat of her car, where, for nearly two weeks, they tried to pretend they...Tags: Joliet, Society, Financial and Business Services, Apartments, Wheaton
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Understanding short sales
What is a short sale?
According to foreclosureuniversity.com, "a short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy. Instead of buying from a seller, you are purchasing the property...Tags: Financial and Business Services, Freddie Mac, Sales, Real Estate Sellers, Auction Service
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Ask the Experts: Short Sale
- Steven Smoke, RealtorŪ, Hammer & Hammer Realty Group, Broward - Albert Stimer, RealtorŪ, Charles Rugenberg Realty, Orlando - Teisha Powell, founder, Law Offices of Teisha A. Powell, P.A., Fort Lauderdale Sentinel: Why do short sales often take...Tags: Financial and Business Services, Sales, Fort Lauderdale, Property
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Jan 7, 2009
|Story| Orlando Sentinel
