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: Henry Paulson, Freddie Mac, 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: Internal Revenue Service, Crimes, Condos and Houses, Auction Service, Personal Data Collection
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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: Loans, Credit and Debt, Banking, Consumers, Money and Monetary Policy
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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: Deutsche Bank AG, Real Estate Buyers, Court Administration, Broward County, Real Estate Sellers
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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: Defense, Veterans Affairs, Pembroke Pines, Armed Forces, House and Home
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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: Heads of State, Credit Ratings, Chrysler LLC, Freddie Mac, Fannie Mae
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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: Federal Reserve, Derivative Securities, Government Debt, Barack Obama, 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: Economic Policy, Laws, The White House, Naperville, Financial and Business Services
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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: Richard Blumenthal, Laws, Foreclosures, Financial and Business Services, Consumers
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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: Real Estate Agents, Condos and Houses, Business Enterprises, Financial and Business Services, Chicago Public Schools
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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: Real Estate, Real Estate Buyers, Sales, Auction Service, Real Estate Sellers
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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: Sales, Fort Lauderdale, Financial and Business Services, Property
Jan 8, 2009
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|Story| Hartford Courant
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|Story| Chicago Tribune
Jan 7, 2009
|Story| Orlando Sentinel
Jan 7, 2009
|Story| Orlando Sentinel

