Newsroom Headlines

  November 12, 2008 Fannie Mae and Freddie Mac Step Up Help for Homeowners Fannie Mae and Freddie Mac, which are under government control, said that they would help streamline the modification of

  November 10, 2008 Circuit City Files for Bankruptcy Circuit City Stores Inc. filed for chapter 11 protection today, listing $3.4 billion in assets and $2.32 billion in liabilities, Bloomberg News

  November 7, 2008 Firms Say Bailout Plan Lacks Necessary Clarity A majority of financial firms say a lack of clarity about important aspects of the Treasury Department's rescue plan is diminishing

  November 6, 2008 Federal Government's Effort to Help Distressed Homeowners Off to a Slow Start The Federal Housing Administration reported that lenders filed just 42 applications to refinance

  November 5, 2008 Obama Aims to Fine-tune Bankruptcy Law As Barack Obama gets ready to take over the White House, he plans to reform the Bankruptcy Code so that homeowners will be able to modify

  November 4, 2008 October Consumer Bankruptcy Filings Top 100,000 for First Time Since Law Change in 2005 U.S. consumer bankruptcy filings increased 40 percent nationwide in October from the same

  November 3, 2008 JPMorgan Launches Massive Effort to Save Mortgages JPMorgan Chase & Co. launched an ambitious plan Friday to modify the terms of $70 billion in mortgages for borrowers who are

  October 31, 2008 Commentary: Mortgage Plan May Aid Many and Anger Other Homeowners The Treasury Department confronts a difficult challenge as it prepares a $40 billion program to help delinquent

  October 30, 2008 Groups Seek Credit Card Debt Forgiveness Program An alliance of financial industry interests and consumer advocates yesterday asked federal regulators to allow lenders to reduce by

  October 29, 2008 Lending Crunch Hits Consumer Credit Cards After years of flooding Americans with credit card offers and generous credit lines, lenders are sharply curtailing both, the New York