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Federal bailout lacks control of home loans to aid owners - Boston Globe
The federal bailout may do little to help struggling homeowners because the US government will not have direct control of many of the home loans that need reworking to avoid foreclosure, economists and housing analysts say. Under the plan, the ...

Undernews: Rezko Alert - Slate
Mistakes Were Made! Frank Raines--Rhodes scholar, Harvard Law, Lazard Freres, potential future Treasury secretary, etc.--has blotted his copybook at Fannie Mae. (His bio has already ignominiously disappeared from its former spot on Fannie Mae's Web ...

Commentary: Bailout should treat the root cause, not the symptoms - CNN
Editor's note: Jesse L. Jackson Jr., a Democrat, has represented the second district of Illinois since 1995. He is a national co-chairman of Barack Obama's campaign. Jackson voted against the bailout plan presented in the House on Monday. For a ...

VP Debate: The Biggest Shocker - Slate
Mistakes Were Made! Frank Raines--Rhodes scholar, Harvard Law, Lazard Freres, potential future Treasury secretary, etc.--has blotted his copybook at Fannie Mae. (His bio has already ignominiously disappeared from its former spot on Fannie Mae's Web ...

Why Do Minorities Receive More Subprime Mortgages? Can You Say ... - Social Funds
A new Center for Responsible Lending study shoots holes in industry rationale that bad credit histories of African-Americans and Latinos account for disproportionate subprime mortgages. SocialFunds.com -- In September 2005, the Fed released year 2004 ...

News from Thursday, September 18 - Herald Tribune
Medicare Reaches Out 9/18/2008 Amazon Enters the File-Shipping Business 9/18/2008 Ancient, but How Safe? 9/18/2008 Psychologists Vote to End Interrogation Consultations 9/18/2008 With Red Sox gone, Trop returns to normal 9/18/2008 Naturalization ...

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Today's Mortgage Terms starting with G

  • Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.

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