Word: mortgagees
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Dates: during 2000-2009
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Banks are seeing some light in their trading operations (Goldman Sachs is a star performer in that category), there's more mortgage-refinancing happening, and credit-card problems may be bottoming - all good stuff, say Goldman's strategists. But there's another important reason the earnings for S&P financial...
Then came la crisis. Domínguez first began to feel the effects of the recession when she was unable to sell her apartment, despite lowering the price several times. That failure cramped her plans for the future a bit - last year she and Oscar decided to spend their summer...
What about the battered housing sector? Has Obama done enough to help this sector? It was the government's program to promote homeownership that permitted all of the excesses that occurred over the years. People who should never have had a mortgage were induced to buy a home when they...
Should more steps be taken to stop the foreclosures? Or would it be better for the foreclosures to proceed? One of the things that can be done to make the housing market more stable is if something is done to limit the foreclosures. There's been a lot of rhetoric...
Of course, another way to make ends meet is to reduce spending. For Teri Austin, the mother of a newborn when her husband lost his advertising-agency job in February, that means eliminating the family's monthly mortgage payments by selling their Richmond, Va., home and moving into her parents...