New foreclosure plan not cure-all: FDIC chief
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A new plan by six major lenders to delay home foreclosures for some borrowers won't be any more effective than a government-brokered temporary rate freeze program rolled out several weeks ago, a top U.S. banking regulator said on Wednesday.
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A new program to help delinquent mortgage borrowers stave off foreclosure doesn't really help much, according to some experts.
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Homeowners unable to pay monthly mortgage bills and facing foreclosure shouldn't count on help from Washington this year. Regulators and lawmakers seem to be taking a wait-and-see approach as they confront the fallout from several years of lenders making too many home loans to people with inadequate credit.
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Alan Greenspan, when chairman of the  Federal Reserve, brushed off an idea to boost scrutiny of  subprime mortgage lenders, a former Fed governor told the Wall  Street Journal.
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The head of French bank Societe Generale  said in a newspaper interview published on Wednesday that he saw "limited impact" on the profitability of France's banks from the current subprime mortgage crisis.
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Treasury Secretary Henry Paulson said on Wednesday a recovery in the subprime mortgage market will be slowed by a wave of interest rate resets and urged lenders to help troubled borrowers.
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A new capital plan for large U.S.  banks is flawed and could give foreign lenders a competitive  advantage, lawmakers said on Thursday.
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COEUR D'ALENE, Idaho  - Some progress is being made to modify home loans to borrowers with poor credit histories but more work by regulators and industry is needed, a senior U.S. banking regulator said on Thursday.
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Treasury chief is looking for a financial instrument to help homeowners facing foreclosure.
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Fannie Mae Chief Executive Franklin Raines will tell a US House panel the largest government- sponsored mortgage finance company ``strongly&#39;&#39; disagrees with a report by its regulator
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The Federal Reserve Board on Tuesday proposed new protections for high-cost mortgage borrowers to avoid a repeat of the loose lending standards that have put many Americans at risk of losing their homes.
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The Patrick administration's chief housing official yesterday called for better regulation of mortgage brokers and the establishment of a $5 million fund to assist the escalating number of Massachusetts homeowners facing the loss of their homes through foreclosure.
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ST. LOUIS  - Losses to lenders and investors in subprime mortgage markets were even-handed and the result of poor underwriting and investing decisions, St. Louis Federal Reserve Bank President William Poole said on Friday.
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The Bush administration today will propose a set of policies meant to help ease the wave of mortgage defaults, according to senior administration officials. It is the administration's first broad effort to deal with the rising number of home foreclosures, which are widely forecast to increase in the...
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Problems in the U.S. subprime mortgage market are unlikely to push the U.S. economy into a recession over the next 12 months, the top economist for a leading U.S. business group said on Tuesday.
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The Federal Reserve Board on Tuesday considered new protections for high-cost mortgage borrowers to avoid a repeat of the loose lending standards that have put many Americans at risk of losing their homes.
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Just days after Americaâs three largest banks announced a $75 billion effort to rescue troubled securities, the plan has struggled to get off the ground.