All Entries Tagged With: "foreclosures"
53% rise for U.S. Foreclosures: Property & Mortgages to blame
June is not a great month for U.S. foreclosures, as they rose by 53 percent from the same time a year ago. Things are certainly in a bad way as bank repossessions have almost tripled while property values mixed with higher payments on adjustable mortgages forced many people to give up their homes.
Jul 10, 2008 | Comments 0
Freddie Mac & Fannie Mae committed to raising more capital
Henry Paulson, the U.S. Treasury Secretary has been saying how pleased he is that Freddie Mac and Fannie Mae are committed to raising more capital this spring, he also commented about the reform of the government-sponsored enterprises, saying that is the best way to combat foreclosures.
Jul 08, 2008 | Comments 0