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Government Takes Over Fannie Mae, Freddie Mac - Reuters
washington (reuters) - the u.s. government on sunday seized control of mortgage finance companies fannie mae and freddie mac, launching what could be its biggest federal bailout ever, in a bid to support the u.s. housing market and ward off more ...
www.reuters.com

Ways To Tap Home Equity Without Taking On Mortgage Debt
improbable as it sounds at a time when american homeowners have lost billions in equity holdings, a new industry is taking shape to help them tap portions of their equity wealth without incurring traditional mortgage debt or making interest payments.
seattletimes.nwsource.com

Exploring A Reverse Mortgage
consider options: a traditional mortgage, home equity loan or line of credit might prove best. consider costs: weigh high upfront costs in reverse mortgages. one expense is "non-recourse" insurance, so if you collect more in payments than your house is worth, your heirs don't pay that balance.
www.startribune.com

Parents Are Still The Key To Owning A First Home - Times Online
parents are increasingly shouldering the risk of their children’s mortgages as well as their own, despite government measures to help first-time buyers into the housing market. ministers announced a £1.6 billion property rescue deal last week ...
www.timesonline.co.uk

Us Government Takes Over Mortgage Giants - News.com.au
treasury secretary henry paulson announced the us regulator was seizing control of the government-chartered, shareholder-owned firms underpinning trillions of dollars of home loans.
www.news.com.au

A New Way To Tap Home Equity
improbable as it sounds at a time when u.s. homeowners have lost billions of dollars in equity, an industry is taking shape to help them tap portions of their equity wealth without incurring traditional mortgage debt or making interest payments.
www.washingtonpost.com

Just Like That, Home Equity Line Cut In Half
carolyn and joe mottola signed a contract for a new house aug. 14. they deposited a $5,000 check written on their home equity line of credit at wachovia. that same evening, they opened a letter from wachovia dated aug. 11 saying that their $100,000 line of credit had been suspended.
www.newsobserver.com

Don't Get Trapped With A Bad Loan - News.com.au
choice warns new mortgage products come with traps new products include 100pc mortgages, 40-year loans, and shared-equity loans in-depth : all the latest interest rates news and features
www.news.com.au

Mortgage Bailout Aimed At Stemming Financial Crisis - Globe And Mail
washington — the u.s. government sunday seized control of mortgage finance companies fannie mae and freddie mac, launching what could be its biggest bailout ever in a bid to support the u.s. housing market and ward off more global financial market ...
www.theglobeandmail.com

Us Takes Over Home Loan Giants
the us government will use $100bn to take control of the mortgage institutions fannie mae and freddie mac to help avert a financial meltdown.
www.fin24.co.za

Cash For A Share In Future Home Appreciation
first of two parts improbable as it sounds at a time when american homeowners have lost billions in equity holdings, a new industry is taking shape to help them tap portions of their equity wealth without incurring traditional mortgage debt or making...
www.sfgate.com

Analysis-us Mortgage Takeover Promises No Quick Housing Fix - Forbes
new york (reuters) - washington's latest attempt to resuscitate the moribund u.s. mortgage business moves the housing market out of the emergency room and into intensive care but by no means cures the patient. the u.s. government announced on sunday ...
www.forbes.com

U.s. Takes Control Of Fannie Mae And Freddie Mac - International Herald Tribune
washington : the treasury department seized control of fannie mae and freddie mac, the giant quasi-public mortgage finance companies, sunday and announced a four-part rescue plan that included an open-ended guarantee to provide as much capital as ...
www.iht.com

It Pays To Know Your Lending Rights
an increase in consumer complaints over the cancellation or reduction of home equity lines of credit has prompted one federal banking regulator to remind financial institutions about the laws governing this type of loan.
www2.tbo.com

U.s. Seizes Fannie And Freddie
federal officials on sunday unveiled an extraordinary takeover of fannie mae and freddie mac, putting the government in charge of the twin mortgage giants and the $5 trillion in home loans they back.
money.cnn.com

Inside The Big Bailout - Forbes
the situation at fannie mae and freddie mac deteriorated to such an extent over the summer that the treasury department's authority to inject capital into them would not be not enough. a full takeover was the only solution. that was the conclusion ...
www.forbes.com

Gse Rescue Could Scare Bears - Washington Post
new york (reuters) - bears have reigned supreme on wall street so far in september thanks to growing concern about economies worldwide, but their grip on stocks faces a big challenge after the u.s. government's weekend seizure of control of mortgage ...
www.washingtonpost.com

Mortgage Bailout Aimed At Stemming Financial Crisis
finance companies fannie mae and freddie mac under u.s. government control; ‘a failure of either of them would cause great turmoil in our financial markets here at home and around the globe'
www.reportonbusiness.com

Treasury Seizes Fannie Mae, Freddie Mac To Bolster Housing Market - Miami Herald
treasury secretary henry paulson, jr. arrives for a news conference in washington, sunday, sept. 7, 2008 on the bailout of mortgage giants fannie mae and freddie mac. http://www.federalreserve.gov/newsevents/press/other/20080907a.htm http://www.treas ...
www.miamiherald.com

Gmac's Home Loan Unit To Fire 5,000, Shut 200 Offices (update1)
sept. 3 (bloomberg) -- gmac llc and its residential capital llc home lending unit plan to fire 5,000 employees, or 60 percent of the staff, and close all 200 gmac mortgage retail offices because of weak real estate markets.
www.bloomberg.com