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Articles tagged with: foreclosures

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Housing Rescue should pass by Saturday.

July 26, 2008 – 12:11 am – No Comment

Tomorrow up to 400,000 homeowners can take a sigh of relief after the Senate passes a bill to let them refinance into lower interest loans. This will be backed by the Federal Housing Administration. The rescue gives the Treasury an unlimited amount of money …

Goodbye IndyMac

July 24, 2008 – 8:37 am – No Comment

On Friday, federal regulators seized IndyMac’s bank assets. The lender was overtaken because of falling home price and increasing foreclosures. It has become the second largest financial institution in the United States to close…ever.
I find it strange that this came the same day speculation about …

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