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House hearing spotlights mortgage rescue plans |
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Written by Webmaster
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Tuesday, 18 November 2008 |
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Rep. Barney Frank, chairman of the House Committee on Financial Services, highlighted the need for a bailout program for troubled homeowners on Wednesday. But he stressed that not all borrowers should necessarily be rescued.
Pay Day Loan 85,000 homes lost in October
As government and industry scrambled to stem the housing crisis, another 84,868 homes were lost to foreclosure in October, according to a report released Thursday.
 7.5 million homeowners 'underwater'
At least 7.5 million Americans owe more on their mortgages than their homes are currently worth, according to a real estate research firm's report released Friday.
 JPMorgan expands rescue plan
JP Morgan Chase unveiled a bold new foreclosure prevention program Friday.
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Last Updated ( Tuesday, 18 November 2008 )
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