Stories tagged "homeowners" - Page 3

Many hard-working Americans who face the threat of losing their home have found relief through the generosity of donors to The New York Times Neediest Cases Fund.

More than a month after the government began a financial rescue of Wall Street, many of the nation’s financial arteries seem as clogged as they were before.

The goal will be to modify the mortgages of homeowners facing foreclosure so that a monthly loan payment is no higher than 38 percent of a borrower’s monthly income.

The $700 billion economic rescue pool is evaporating after the plan set off a lobbying free-for-all.

It seems that under Bush’s housing rescue program, federal assistance is futile in resolving foreclosure problems.

The government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.

Negative equity is playing a critical role in the reduction of job mobility and emergency funds for homeowners. This phenomenon is estimated to effect more than 7 million homeowners.

General insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event.

Wisconsin schools and New York subways are among the players in a financial fiasco that has ricocheted globally.

Experts say it is difficult to devise programs to aid distressed homeowners without giving everyone else a reason to mail the keys back to their lenders.