http://www.newser.com/2008 - Newseren-usNewser Feed GeneratorTue, 07 Oct 2008 6:32:45 CDThttp://www.newser.com/story/39250/bofa-settles-loan-lawsuits-with-84b-aid-to-borrowers.html?refid=rss_all_defaultSome 400,000 borrowers with subprime and adjustable-rate mortgages from Countrywide Financial are in line to receive a share of an $8.4-billion settlement in a suit over deceptive loan practices, reports the Wall Street Journal. The deal between Bank of America, which acquired Countrywide July 1, and several state attorneys general may lower both rates and principal for some homeowners.http://www.newser.com/story/39250/bofa-settles-loan-lawsuits-with-84b-aid-to-borrowers.html?refid=rss_all_defaultMon, 06 Oct 2008 7:15:33 CDThttp://www.newser.com/story/39120/prosperity-gospel-blamed-for-subprime-hell.html?refid=rss_all_defaultA fast-growing strain of Pentecostalism may have made its followers victims of the credit crisis by preaching that God's hand was behind dubious mortgages, Time reports. "Prosperity Gospel" preaches that God will "make way" for the poor to gain wealth, making believers easy prey for greedy mortgage brokers, says a scholar writing a book on black televangelism.http://www.newser.com/story/39120/prosperity-gospel-blamed-for-subprime-hell.html?refid=rss_all_defaultSat, 04 Oct 2008 3:18:28 CDThttp://www.newser.com/story/39122/mortgage-forgiven-after-90-year-old-shoots-herself.html?refid=rss_all_defaultFannie Mae will let 90-year-old Addie Polk keep her house and forgive her mortgage, the Akron Beacon-Journal reports. The widow shot herself in the chest Wednesday as deputies arrived to evict her from her home of 40 years. Rep. Dennis Kucinich raised the Ohio woman's plight in the House yesterday morning as members prepared to vote on the bailout bill and by afternoon the foreclosure action was dismissed.http://www.newser.com/story/39122/mortgage-forgiven-after-90-year-old-shoots-herself.html?refid=rss_all_defaultSat, 04 Oct 2008 5:09:12 CDThttp://www.newser.com/story/39042/as-stocks-sink-new-cash-cows-emerge.html?refid=rss_all_defaultWith stocks tanking, 401(k)s plummeting, and the market’s usual safe haven—real estate—at the heart of the current crisis, investors are seeking refuge in unusual investments—everything from parking spaces to comic books to alpacas, the Wall Street Journal reports. A growing number of retirees are taking individual control of their IRAs as Wall Street has failed to safeguard their savings.http://www.newser.com/story/39042/as-stocks-sink-new-cash-cows-emerge.html?refid=rss_all_defaultFri, 03 Oct 2008 8:58:45 CDThttp://www.newser.com/story/38982/you-could-own-this-home-for-175-on-ebay.html?refid=rss_all_defaultWhat can $1.75 buy these days? A home in Saginaw, Mich., apparently. A college student surfing for PlayStations on eBay was the eighth and highest bidder on the condemned house, reports the Chicago Sun-Times . Joanne Smith doesn’t plan on making the 300-mile move from Chicago; after paying an additional $850 in taxes and cleanup costs, she says she plans to sell when the market perks up.http://www.newser.com/story/38982/you-could-own-this-home-for-175-on-ebay.html?refid=rss_all_defaultThu, 02 Oct 2008 9:52:02 CDThttp://www.newser.com/story/38598/what-will-taxpayers-shell-out-for-all-this.html?refid=rss_all_defaultIf a $700 billion federal bailout sounds like a lot, it is—but Washington will actually shell out $1 trillion in all of its present and proposed plans. Between Henry Paulson's plan, and bailouts of Bear Stearns, AIG, and Fannie Mae and Freddie Mac, the Wall Street Journal breaks down Washington's rescues into pieces to see how much of it will hit taxpayers' wallets.http://www.newser.com/story/38598/what-will-taxpayers-shell-out-for-all-this.html?refid=rss_all_defaultSun, 28 Sep 2008 11:11:16 CDThttp://www.newser.com/story/38563/foreclosures-soar-on-homes-over-1m.html?refid=rss_all_defaultThe housing crisis, having wreaked havoc on low- and middle-income homeowners, is moving into the mansion set. Foreclosures on $1 million plus homes have almost doubled since last year, MSNBC reports, and more than doubled for homes over $2 million. The reasons are familiar: layoffs in the executive and professional ranks, coupled with huge mortgages, are causing high-end homeowners to miss payments and lose their titles.http://www.newser.com/story/38563/foreclosures-soar-on-homes-over-1m.html?refid=rss_all_defaultSat, 27 Sep 2008 11:59:55 CDThttp://www.newser.com/story/38333/foreclosed-homeowners-may-lose-voting-rights.html?refid=rss_all_defaultMany of the million Americans who lost their homes through foreclosure in the last couple of years may discover at the polls that they've lost their right to vote in the upcoming election as well, the New York Times reports. Election officials and voter rights groups fear that failure to update addresses will disqualify thousands. Democrats charge that Republicans plan to use foreclosure lists to challenge voters in swing states.http://www.newser.com/story/38333/foreclosed-homeowners-may-lose-voting-rights.html?refid=rss_all_defaultWed, 24 Sep 2008 22:22:20 CDThttp://www.newser.com/story/38154/retirees-hit-hard-by-markets.html?refid=rss_all_defaultAmong those hardest hit by the financial crisis are retirees, and they have less chance to recover than their younger counterparts, the New York Times reports. As companies have abandoned fixed pensions for 410(k)s, retirees can lose large percentages of their wealth in a short period. And low-risk investments, like bonds, simply don't offer enough income.http://www.newser.com/story/38154/retirees-hit-hard-by-markets.html?refid=rss_all_defaultTue, 23 Sep 2008 7:31:11 CDT