Reuters - As home foreclosures rise and
property values slump, U.S. President George W. Bush on
Wednesday signed into law a rescue package that includes
emergency backstops for mortgage financing companies Fannie Mae
and Freddie Mac.

Article Source

[Read more →]

AP - Help is on the way for some debt-plagued homeowners. It just may not be fast enough or broad enough to keep many from losing their residences.
Article Source

[Read more →]

AFP - The US Senate on Saturday approved an elaborate housing rescue plan designed to help thousands of homeowners avert foreclosure and bolster mortgage finance giants that have struggled amid a volatile housing market.

Article Source

[Read more →]

AP - The 72-13 roll call Saturday by which the Senate passed a bill that aims to help homeowners facing foreclosure and to prevent mortgage companies Fannie Mae and Freddie Mac from failing.
Article Source

[Read more →]

AP - The housing bill that Congress passed Saturday and sent to President Bush would:

Article Source

[Read more →]

The Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to Fannie Mae and Freddie Mac, creating a new regulator for the mortgage titans and setting up a $300 billion fund to help troubled homeowners.
Article Source

[Read more →]

Bloomberg - July 25 (Bloomberg) — In October 2003, Treasury Secretary
John Snow told Congress “we need to be on guard” against the
“perception” that the U.S. government stood behind the stocks
and bonds of Fannie Mae and Freddie Mac.
Article Source

[Read more →]

AP - The number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago, according to data released Friday.
Article Source

[Read more →]