Archive for category Uncategorized

At Foreclosure Auction, Houses Sell, in a Frenzy

A mob of potential buyers convened in New York on Sunday to bid on foreclosed homes at below-market prices.

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Mathematical Model and the Mortgage Mess

There was no mathematical elegance to the mortgage-backed securities that helped lead to the market crash of recent months. In these deals, interest and principal payments from mortgages were bundled into different packages called tranches, each with different risks and interest rates.

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Helping the House Poor

The anti-foreclosure plan will make mortgage indebtedness more manageable, but ultimately the debt itself needs to be greatly reduced.

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Extended Benefits Are a Lifeline for Many Unemployed

Rick E. Rockwell is part of a group who have been out of work for so long that they are depending on a second emergency extension of unemployment insurance.

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Community Reinvestment and the Foreclosure Crisis

To the Editor:.

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Housing Goals We Can’t Afford

When seeking culprits in the foreclosure crisis, we shouldn’t ignore the regulators and affordable-housing advocates who pushed lenders to make loans in low-income neighborhoods.

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Fannie Mae Allows Renters to Stay

The loan giant said it would sign new leases with renters in foreclosed properties, aiding those who face eviction.

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Fannie Mae Renters to Stay Despite Foreclosures

The loan giant said it would sign new leases with renters in foreclosed properties, aiding those who face eviction.

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Fannie Mae Lets Renters Stay Despite Foreclosures

The loan giant said it would sign new leases with renters in foreclosed properties, aiding those who faced eviction.

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Blunt Advice for Treasury on Progress of the Bailout

A report criticized the administration for a lack of strategy and challenged its reluctance to help reduce foreclosures.

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