Read more borrowers stories on Newserhttp://www.newser.com/taggrid/18642/borrowers.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 18:27:20 CSThttp://www.newser.com/story/52739/borrowers-now-flocking-to-the-feds-to-default-on-loans.html?utm_source=syn&utm_medium=rss&utm_campaign=tagHistory is repeating itself, and taxpayers will be footing the bill for it: Flawed lending practices are enabling borrowers to receive mortgage loans they can’t repay—but this time, Washington’s involved, the Washington Post reports. Many of the loans provided by the Federal Housing Administration default after just one payment,...http://www.newser.com/story/52739/borrowers-now-flocking-to-the-feds-to-default-on-loans.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSun, 08 Mar 2009 13:13:03 CDThttp://www.newser.com/story/42263/short-term-solutions-to-crisis-wont-cut-it-sachs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe financial crisis can't be averted, and the Obama administration would be wise to accept that and concentrate on "a steady policy that will steer us through an unavoidable short-run recession to arrive at a much healthier economy within three to five years," writes Jeffrey Sachs for the Guardian . Proposals...http://www.newser.com/story/42263/short-term-solutions-to-crisis-wont-cut-it-sachs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 10 Nov 2008 14:15:00 CSThttp://www.newser.com/story/23443/lenders-turning-blind-eye-to-overdue-payments.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWith foreclosures skyrocketing, overwhelmed mortgage lenders are turning a blind eye to homeowners who haven’t paid up, letting them live in their houses despite delinquency, Bloomberg reports. The 3.6% of borrowers at least 90 days behind is almost twice the percentage foreclosed upon. Lenders’ delays are skewing foreclosure records...http://www.newser.com/story/23443/lenders-turning-blind-eye-to-overdue-payments.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 04 Apr 2008 16:24:28 CDThttp://www.newser.com/story/23429/states-act-aggressively-to-fight-foreclosures.html?utm_source=syn&utm_medium=rss&utm_campaign=tagState lawmakers aren’t sitting around waiting for Washington to solve the mortgage crisis, the Wall Street Journal reports. Instead, many are taking aggressive steps to ease borrower pain, sometimes running afoul of lenders in the process. Illinois, Maryland, and Minnesota all have bills in the works to impose a moratorium...http://www.newser.com/story/23429/states-act-aggressively-to-fight-foreclosures.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 04 Apr 2008 11:17:25 CDThttp://www.newser.com/story/18916/credit-crunch-extends-to-student-loans.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA huge new group of borrowers—from students to museums to local governments—are about to find their credit drying up, as the subprime meltdown that has already cost banks $100 billion continues to spread, reports the Wall Street Journal. In the last few days, investors have backed away from...http://www.newser.com/story/18916/credit-crunch-extends-to-student-loans.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 13 Feb 2008 8:27:00 CSThttp://www.newser.com/story/18812/lenders-throw-lifeline-to-struggling-borrowers.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSix top US mortgage lenders will launch a program today aimed at helping at-risk borrowers avoid foreclosure. Aimed at homeowners more than 90 days delinquent on loans, Project Lifeline will forestall foreclosure actions for 30 days while lenders try to work out new payment options, reports the Wall Street Journal....http://www.newser.com/story/18812/lenders-throw-lifeline-to-struggling-borrowers.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 12 Feb 2008 6:58:28 CSThttp://www.newser.com/story/17972/state-lenders-choke-bushs-fight-against-foreclosures.html?utm_source=syn&utm_medium=rss&utm_campaign=tagPresident Bush’s goal of helping subprime borrowers by offering tax-exempt bonds is meeting resistance from state lenders, Bloomberg reports. Risk-averse state housing agencies are already turning down over half the applicants to their own programs intended to help those affected by the crisis, due mainly to applicants’ existing financial woes....http://www.newser.com/story/17972/state-lenders-choke-bushs-fight-against-foreclosures.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 01 Feb 2008 19:18:33 CSThttp://www.newser.com/story/15905/pending-home-sales-take-giant-plunge.html?utm_source=syn&utm_medium=rss&utm_campaign=tagPending home sales fell 2.6% in November from a revised 3.7% October gain, Bloomberg reports, far outstripping the 0.7% fall analysts predicted after an originally reported 0.6% October gain. The figures support Henry Paulson’s gloomy outlook on the housing market. “There is no evidence it is...http://www.newser.com/story/15905/pending-home-sales-take-giant-plunge.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 08 Jan 2008 12:25:36 CSThttp://www.newser.com/story/15846/paulson-calls-for-more-housing-relief.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTreasury Secretary Henry Paulson advised the mortgage industry today to give help to millions of financially stressed homeowners whose mortgages are set to rise. His comments signal that the Bush administration is starting to push lenders to expand relief beyond subprime borrowers to homeowners with other adjustable-rate loans, reports the...http://www.newser.com/story/15846/paulson-calls-for-more-housing-relief.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 07 Jan 2008 21:17:58 CST