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Home Loans WASHINGTON — More than 4 million American homeowners with a mortgage, a record 9%, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said today ... Record 9% of Americans can't make home payments - Detroit Free Press WASHINGTON — Saying that market conditions have made it impossible for the nation's top mortgage lenders to sustain its loans, the Treasury Department announced Sunday the government is seizing Fannie Mae and Freddie Mac. The quasi-government ... U.S. Government Takes Over Fannie Mae, Freddie Mac - FOX News WASHINGTON – The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. Officials announced that the executives ... Officials announce takeover of mortgage giants - San Diego Union-Tribune Treasury Secretary Henry Paulson, Jr. speaks during a news conference in Washington, Sunday, Sept. 7, 2008 on the bailout of mortgage giants Fannie Mae and Freddie Mac. Treasury Secretary Henry M. Paulson Jr. says stabilizing the firms is crucial to ... U.S. takes control of Fannie Mae, Freddie Mac - Los Angeles Times By taking control of Fannie Mae and Freddie Mac, the Bush administration has launched a high-stakes bid to bolster the housing market and the US economy – seeking to minimize costs to taxpayers even as it puts them on the hook. Treasury Secretary ... |
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