Search for: "AMERICAN HOME MORTGAGE"
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30 Sep 2008, 3:05 pm
In 1999, to continue the effort to extend the possibility of home ownership for low and moderate income earners, the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac") loosened their loan requirements, which gave birth to more adjustable rate mortgages, no documentation loans, lower down payments, etc. [read post]
29 Sep 2008, 9:33 pm
Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. [read post]
29 Sep 2008, 4:35 pm
Through its work it granted long term mortgages to over a million people facing the loss of their homes. [read post]
29 Sep 2008, 10:45 am
Do you know why so many Americans are losing their homes? [read post]
29 Sep 2008, 2:10 am
Provides authority to the Treasury Secretary to restore liquidity and stability to the U.S. financial system and to ensure the economic well-being of Americans. [read post]
28 Sep 2008, 1:34 pm
First and foremost, on helping distressed HOMEOWNERS: [The proposal] requires the government to use its new role as owner of distressed mortgage-backed securities to make more aggressive efforts to prevent home foreclosures. [read post]
28 Sep 2008, 7:33 am
Despite the changes made during an intense week of negotiations, the heart of the program remains Bush's original idea: To have the government spend billions of dollars to buy mortgage-backed securities whose value has plummeted as hundreds of thousands of Americans have defaulted on their home loans. [read post]
26 Sep 2008, 10:32 pm
Insurance for mortgage-backed securities 3. [read post]
26 Sep 2008, 11:54 am
Guarantees The foremost protection the American public has within the financial market is the FDIC. [read post]
26 Sep 2008, 8:35 am
Were mortgages provided to borrowers on the basis of fraudulently over-valued homes? [read post]
25 Sep 2008, 9:56 pm
Two-thirds of all Americans own their homes, yet we have a problem here in America because few than half of the Hispanics and half the African Americans own the home. [read post]
25 Sep 2008, 6:32 pm
This is in addition to $5.1 billion for Low-Income Home Energy Assistance and $250 million for weatherization provided in the underlying amendment. [read post]
25 Sep 2008, 5:22 pm
Homeowners used their homes as ATM cards, dipping into their equity to purchase cars and other consumables. [read post]
25 Sep 2008, 2:33 pm
That standard instrument for its part made securitization possible, and Fannie, then Freddie and Ginnie, were government-founded precisely in order to "make" that secondary market, hence to complete default-risk markets and thus render home finance widely available to virtually all working Americans. [read post]
24 Sep 2008, 9:59 pm
Under the Paulson proposal, the American taxpayer would pick up the bill for whatever the government loses on its $700 billion of asset purchases. [read post]
24 Sep 2008, 9:00 pm
As a constituent and bankruptcy attorney working to help families in our community save their home from foreclosure, I urge you to include court-supervised mortgage restructuring for financially distressed American homeowners in any package you approve to bail out Wall Street. [read post]
24 Sep 2008, 8:50 pm
The private capital markets have not funded American homes by themselves since the 1920s. [read post]
24 Sep 2008, 8:37 am
So these folks join the creditor nations in making most Americans their economic vassals. [read post]
23 Sep 2008, 6:49 pm
But we still need the bailout, and the American public needs to be told exactly what is at stake. [read post]
23 Sep 2008, 6:35 pm
The American People now. [read post]
