House Approves Bill to Restrict Mortgages

"House Approves Bill to Restrict Mortgages "With home foreclosures skyrocketing, the House on Thursday voted to crack down on mortgage lenders by forcing them to get licenses, making them responsible for discovering whether borrowers can really repay and fining them for...

House legislates to Help Financially Strapped Homeowners

"The House has finally approved legislation to help financially strapped homeowners who are facing foreclosure or bankruptcy. Those homeowners who have a mortgage debt as part of a foreclosure would be given a tax break by the bill, passed 386 to 27, or a reworking of a loan...

Bush to outline proposals to help homeowners with risky mortgages

There are many ways George Bush can help. Call off the banks, the Revenue services and introduce lower extended term repayments. Its good to help people in a crisis, and bad publicity to ignore them!"Offering federal aid for strapped mortgage holders, U.S. President Bush is...

Homeowners to Foot £2.5bn Flood Bill

"Hundreds of thousands of homeowners will be hit with higher household insurance premiums as a second wave of flash floods gives insurers their biggest ever claims bill. As a summer of appalling weather brought another day of travel chaos yesterday, analysts said that...

£800 million for flood Prevention Announced

Update: After the floods - Hull struggles with interest rate rises "Gordon Brown has promised to increase funding for flood prevention from £600 million to £800 million. Speaking during today's Prime Minister's Questions, he said: "To increase the flood prevention...

Local builders agree to forgive $2 million in second mortgage loans

Some Gaston and Cleveland homebuyers won’t have to repay nearly $2 million in second mortgage loans after three local builders agreed to forgive those loans in exchange for avoiding charges of unfair and deceptive lending practices. “They were illegally acting as...

Local builders agree to forgive $2 million in second mortgage loans

Some Gaston and Cleveland homebuyers won’t have to repay nearly $2 million in second mortgage loans after three local builders agreed to forgive those loans in exchange for avoiding charges of unfair and deceptive lending practices. “They were illegally acting as...

New Refinancing Plan From Ohio For Distressed Home Owners

"The Ohio Housing Finance Agency will issue $100 million in taxable municipal bonds in April as part of a refinancing program to help homeowners faced with foreclosure. The program, offered through OHFA's 185 lending partners throughout the state, will provide 30-year...

Mortgage Crisis? Act Now to Avoid Foreclosure

"Mortgage packages could be mouth watering but in so many instances it does turn out to be what it should be. so how can you avoid losing your home and ruining your credit? "

Homeowners' Love of Remodeling Will Help Push Up Home Values

"Does a desire for two-person showers, travertine floors and granite countertops push home prices up? Housing economist Tom Lawler, a Vienna, Va., consultant, argues that it does — and says these cravings are partly responsible for ballooning home prices throughout much...

Homeowners' Love of Remodeling Will Help Push Up Home Values

"Does a desire for two-person showers, travertine floors and granite countertops push home prices up? Housing economist Tom Lawler, a Vienna, Va., consultant, argues that it does — and says these cravings are partly responsible for ballooning home prices throughout much...