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Bernanke Says U.S. Must Step Up Foreclosure Efforts (Update1) - Bloomberg
Dec. 4 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke urged using more taxpayer funds for new efforts to prevent home foreclosures, saying the private sector is incapable of coping with the crisis on its own. The Fed chief outlined four ...

Bernanke Says Government Must Step Up Efforts on Foreclosures - Bloomberg
Dec. 4 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the U.S. government must step up efforts to prevent home foreclosures, with options including buying delinquent mortgages and providing bigger incentives for refinancing loans. The ...

Janesville native gives best effort in war on foreclosures - Milwaukee Journal Sentinel
Washington - When Steve Preston took over as secretary of the Department of Housing and Urban Development this summer, he inherited an agency tainted with scandal at a time of intense turmoil in the housing market. The Janesville native had no ...

Taxpayers' mortgage guarantee - bbc
Gordon Brown has just announced a scheme which he hopes will lead to significantly fewer repossessions next year than the 75,000 currently expected by the CML. It's an attempt to provide assistance for two years to those families which suffer a fall ...

Where has all the bank-bailout money gone? - Times Online
On Friday, Ken Robins decided to tell the government what was happening in the real world. The entrepreneur, who runs a successful coach firm in Bournemouth, wrote to Lord Mandelson, the business secretary, to set out just how tough the banks are ...

We own Royal Bank - bbc
It's official. We the taxpayer own one of the world's biggest banks, Royal Bank of Scotland, or 58% of it. Only a tiny number of RBS's shareholders chose to buy any of the new shares in Royal Bank that were being sold in order to strengthen its ...

Mortgage disclosure rule beefed up - Boston Globe
NEW YORK - Lenders and mortgage brokers will be required to provide home buyers clearer information about loan terms and closing costs under guidelines issued yesterday by the Department of Housing and Urban Development. Banks will have to provide ...

U.S. might widen foreclosure help program - MSNBC
WASHINGTON - The government may let more borrowers qualify for a $300 billion program designed to let troubled homeowners swap risky loans for more affordable ones, a top Bush administration official said Wednesday. The program, included in a housing ...

Time for 'mammoth' lending reform is now - Miami Herald
D epartment of Housing and Urban Development Secretary Steve Preston recently announced what he said was a ``mammoth leap forward for the consumer.'' So what does this mammoth leap entail? It's an overhaul of the good-faith estimate used during the ...

Nation's foreclosure rate in October increases 25 percent year-over ... - Chicago Tribune
MIAMI (AP) _ The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed. More than 279,500 U.S. homes received at least one foreclosure-related notice ...