Mortgage giants Fannie Mae and Freddie Mac have directed their network of servicers to halt all foreclosure and eviction proceedings within Nov. 26 2008 and Jan. 9, 2009, meant to give a recently announced rescue plan date to work.

Original post by Technology news - Business 2.0 Magazine

All the foreclosure prevention plans announced to instance will do little to help the next wave of delinquent homeowners, who can’t build their monthly payments considering they’ve lost their jobs.

Original post by Technology news - Business 2.0 Magazine

All the foreclosure prevention plans announced to moment will do little to help the next wave of delinquent homeowners, who can’t assemble their monthly payments considering they’ve lost their jobs.

Original post by Technology news - Business 2.0 Magazine

The Bush administration said Wednesday that it was changing its nearly-moribund mortgage rescue plan in an effort to spark more lenders and homeowners to participate.

Original post by Technology news - Business 2.0 Magazine

If mortgage lending was the Wild West during the boom years, foreclosure-prevention counseling is the lucrative new frontier of the bust.

Original post by Technology news - Business 2.0 Magazine

Several mortgage-rescue plans are making the rounds in Washington, but economists say the best approach may be to sit tight.

Original post by Technology news - Business 2.0 Magazine

Homebuilders’ confidence in the housing market again plunged to a record low, dragged down by poor financial market conditions, rising unemployment and consumer anxiety, a trade group said Tuesday.

Original post by Technology news - Business 2.0 Magazine

Homebuilders’ confidence in the housing market again plunged to a record low, dragged down by poor financial market conditions, rising unemployment and consumer anxiety, a trade group said Tuesday.

Original post by Technology news - Business 2.0 Magazine

National home prices, driven lower by a flood of foreclosures, plummeted by a record year-over-year 9% in the third quarter, according to a report issued Tuesday.

Original post by Technology news - Business 2.0 Magazine