Newsroom Headlines

  November 1, 2007 Fed Lowers Interest Rate to 4.5 Percent The Federal Reserve reduced its short-term rates by one-quarter of a percentage point, to 4.5 percent, to help prevent the disruptions in

  October 31, 2007 Mortgage Lending Representatives to Meet on Compromise for Mortgage Modification Bankruptcy Bill In the face of opposition from the lending industry, House Judiciary Committee

  October 30, 2007 House Hearing to Examine More Solutions to Mortgage Crisis The House Judiciary Subcommittee on Commercial and Administrative Law will be holding a second hearing today to look into

  October 29, 2007 Mortgage Lending Congressional Report Warns of Subprime Crisis Fall-Out Joint Economic Committee (JEC) Chairman Charles E. Schumer (D-N.Y.) released a report Thursday revealing that

  October 26, 2007 Mortgage Lending Dissent Threatens Legislation Looking to Modify Home Mortgages in Bankruptcy Legislation looking to allow bankruptcy judges to modify chapter 13 debtors’ home

  October 25, 2007 Mortgage Lending House Chairman Looks for Increased Regulation of Wall Street Stemming from Subprime Crisis House Financial Services Chairman Barney Frank (D-Mass.) yesterday

  October 24, 2007 Mortgage Lending Mortgage Reform Bill to Face Stiff Opposition A recently introduced bill aimed at reforming the mortgage industry and is the subject of a House Financial Services

  October 23, 2007 More Debtors Look to Chapter 13 to Try to Stave Off Foreclosure An increasing number of homeowners have filed for bankruptcy under chapter 13 to try and stave off foreclosure

  October 22, 2007 Mortgage Lending Anti-Predatory Lending Legislation to Be Considered at House Committee Hearing House Financial Services Committee Chairman Barney Frank (D-Mass.) is expected to

  October 19, 2007 Banks’ Plan to Help Credit Markets Struggles to Get Off the Ground Though the plan is still being developed, the roughly $75 billion effort to snap up troubled securities is