Word: mortgagees
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Dates: during 2000-2009
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9 | Washington Fending Off Foreclosure The massive Housing and Economic Recovery Act of 2008 offers U.S. homeowners, lenders and local communities some relief from the mortgage crisis. The bill is nearly 700 pages, but here's a highlight reel: ? An increase in the federal debt limit from $9.8 trillion...
Consumer confidence is at an all-time low, and many Americans are struggling to avert foreclosure as they fork over $4 a gallon for gasoline. That's why the U.S. economy has grabbed center stage this campaign season. The ultimate test: How would the candidates put more money in your...
It's been an impressive performance, especially coming from a member of the lame-duck Administration of an unpopular President. What's not at all certain, though, is whether it's all going to work - to revive housing, prevent recession and avert a future mortgage bailout of epic, trillion-dollar...
Paulson made his reputation and his fortune on Wall Street as a dealmaker, and it is in crafting deals that he has distinguished himself in Washington. His most recent and most impressive such coup was the quick passage of a massive housing bill in late July over the objections of...
Early on, it was Bernanke and the Federal Reserve that took the lead, with various measures meant to keep financial markets functioning and banks lending. But as house prices kept dropping, the problem began to shift. It was no longer just that financial institutions were wary of lending, but also...