Government Archive


Mortgage Servicers Aim to Head off Foreclosures

Thursday, October 11th, 2007
By Robert Schroeder, MarketWatch ...
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Bush Administration Announces $44.1 Million in Housing Counseling Grants

Friday, October 5th, 2007
RISMEDIA, Oct. 8, 2007-Approximately 700,000 families will have a greater opportunity to find housing or keep the homes they have because of more than $44 million in housing counseling and counseling training grants announced by Housing and Urban Development Secretary Alphonso Jackson. ...
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Pelosi: Subprime Crisis Demands Action, Congress Will Protect Families Who Have Lost Their Homes

Thursday, October 4th, 2007
RISMEDIA, Oct. 5, 2007-Speaker Nancy Pelosi was joined by Senate Majority Leader Harry Reid and other House and Senate Democratic leaders at a news conference this morning in the Capitol to offer a plan to stem the rising tide of home foreclosures created by the subprime mortgage market crisis. Below ...
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Democrats Press for More Aid to Subprime-Mortgage Borrowers

Wednesday, October 3rd, 2007
By Robert Schroeder ...
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Fed Rate Cut is Becoming ‘Bernanke Conundrum’

Monday, October 1st, 2007
RISMEDIA, Oct. 2, 2007-(MCT)-When the Federal Reserve lowered interest rates this month, critics complained that Fed Chairman Ben Bernanke was bailing out homeowners who should never have taken out all those wacky no-down-payment, no-documentation, no-fixed-rate mortgage loans. ...
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NAR Applauds House Passage of Terrorism Insurance Bill

Friday, September 21st, 2007
RISMEDIA, Sept. 24, 2007-In this month that marks the sixth anniversary of the September 11 terrorist attacks, the National Association of REALTORS® commends the U.S. House of Representatives for reauthorizing the federal government's terrorism risk insurance program. Last week's vote will help maintain a strong commercial real estate market and ...
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HUD: What They’re Saying about President Bush’s Plan to Help Struggling Homeowners

Wednesday, September 12th, 2007
RISMEDIA, Sept. 13, 2007-After the President announced his plan to help struggling homeowners, several news organizations took to print:The Washington Post: "The president's proposal appropriately focuses government resources where they are likely to do the most good: on subprime borrowers who are behind on their payments but have the means ...
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U.S. and China Renew Cooperation on Affordable Housing

Friday, August 31st, 2007
RISMEDIA, September 3, 2007-U.S. Housing and Urban Development (HUD) Secretary Alphonso Jackson and the People's Republic of China Construction Minister Wang Guangtao signed a Memorandum of Cooperation (MOC) that renews the two nations commitment to work together to improve and expand affordable housing opportunities."Through cooperative actions and a sharing of ...
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The Nation’s Mayors Take Action on Subprime Mortgage Foreclosures

Thursday, August 16th, 2007
RISMEDIA, August 17, 2007—The United States Conference of Mayors, under the leadership of Conference President Trenton Mayor Douglas H. Palmer, is calling on the Federal Reserve Board to use its authority under the Home Ownership and Equity Protection Act (HOEPA) to protect homeowners from abusive practices which often result in ...
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NAMB Responds to Sen. Clinton’s Remarks about Mortgage Industry

Wednesday, August 8th, 2007
RISMEDIA, August 9, 2007--The National Association of Mortgage Brokers (NAMB) responded yesterday to Sen. Hillary Clinton's criticism of the mortgage brokerage industry. Sen. Clinton made the remarks during a speech she delivered on abusive mortgage lending practices yesterday in Derry, N.H. ...
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