Word: mortgagees
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Dates: during 2000-2009
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If U.S. Treasury Secretary Henry Paulson thinks he got hammered on Capitol Hill Tuesday morning for not doing enough to stem the tide of foreclosures, he's lucky he wasn't at the public library in Miami Gardens, Fla., Tuesday night. More than 200 homeowners facing foreclosure were hooking up...
What really irks Butler and her neighbors is that they were led to expect much more. They saw hope last summer when Congress passed the Housing and Economic Recovery Act, which seemed to promise housing relief for hundreds of thousands of homeowners like Butler via mortgage-restructuring aid. But for...
But if little is likely to be done inside the Beltway - Federal Deposit Insurance Corporation chairwoman Sheila Bair is still pushing for a homeowner-relief plan - local leaders are looking for makeshift solutions at the grass roots. One notion is to let cities use NSP money to leverage lenders into...
The lenders insist they need neither carrot nor stick to do what's right in this emergency, and indeed, many banks, including JPMorgan Chase, Citigroup and Wells Fargo, have already instituted loan-modification programs (if only, critics say, to head off any government-imposed solution). "We've always been committed...
Professor Niall Ferguson argued that the current economic crisis developed largely as a result of widespread ignorance of financial history, while speaking to a packed house at the Harvard Book Store last night to promote his new book, “The Ascent of Money.” Ferguson faulted...