Highlights
A collection of news and information related to Foreclosures published by Tribune Company sources.
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U.S. takes control of Fannie Mae, Freddie Mac
Los Angeles Times Staff WriterThe government today announced it was taking control of mortgage giants Fannie Mae and Freddie Mac, saying the companies' weakened finances had made it impossible for them to carry out their missions of supporting the struggling housing market. At a news...Tags: National Government, Henry M. Paulson, Government, George Bush, Heads of State
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South Florida foreclosures mean many live next to eyesores
South Florida Sun-SentinelSnakes slithering in shoulder-high grass. Packs of rats and mosquito infestations in green, muck-filled pools. This is the new reality for hundreds of homeowners living near abandoned homes. The eyesore next door is an increasingly "urgent" situation,...Tags: Diseases, Miramar, Broward County, Retroviruses, Boca Raton
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Wacko world of willfully weak market
Are homeowners in denial? Are they stubbornly—maybe irrationally—clinging to the belief that other people's homes may be losing value, but theirs isn't? How else, one wonders, to explain sellers who cling fast to pre-housing slump notions in...Tags: Michael Phelps, Homes, University of Michigan, Swimming
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The zigzag economy
When a sailboat is headed into the wind, it doesn't move on a straight course: It has to zig and zag to make progress. Right now, the U.S. economy is operating like a sailboat. Every time you think you know its direction, it changes. But so far, it...Tags: Petroleum Industry, National Government, Ben Bernanke, Government, George Bush
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Decline in home prices slows in second quarter
Associated PressPrices of single-family homes fell in the second quarter, but at a slower rate than in the previous three-months, an economic analysis company said Thursday. The median price of a U.S. home slipped at an annual rate of 5.3 percent in the second quarter,...Tags: Prices, Homes
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Construction site theft builds
New York Times News ServiceSue Wentz and her husband, Eugene, saved for five years, living in a modest home in a low-income neighborhood of Houston, before they broke ground in January on a 4,300-square-foot house in Magnolia, Texas. They arrived at the site one morning in July...Tags: Insurance, Building Material, House Building, Theft, Metal and Mineral
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Let's skip biography and get to economy
No wonder both presidential candidates are promising change. Even the stupid don't need to be reminded that, yet again, it really is the economy that will dominate voters' concerns. Especially the last couple of days. After a fortnight of diverting...Tags: Elections, Barack Obama, Energy, Defense, Political Candidates
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Report says 3.1 percent of Conn. mortgages overdue
Connecticut's rate of mortgage foreclosures and seriously delinquent home loans has reached its highest level on record for at least the past several decades, according to a new report. The Mortgage Bankers Association's analysis says about 3.1...Tags: Financial and Business Services, Banking, Mortgages, New Haven (New Haven, Connecticut), Loans
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Trump steps in to rescue Ed McMahon from foreclosure
ellen.yan@newsday.comDonald Trump is back in the game to rescue Ed McMahon from foreclosure after an anonymous bidder who popped up last month dropped out, the billionaire developer's attorney said Friday. "The anonymous buyer refused to put down his nonrefundable deposit...Tags: Johnny Carson, Real Estate Buyers, Donald Trump, Beverly Hills, Real Estate Agents
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Foreclosures In Connecticut, Nation At Record Rate
Courant Staff WriterAs the subprime lending crisis continues to unfold, the rate of foreclosures and seriously delinquent home loans has reached its highest level on record for Connecticut and the nation as a whole. A report Friday from the Mortgage Bankers Association...Tags: Banking, New Haven (New Haven, Connecticut), Unemployment, Job Layoffs, Financial and Business Services
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14 percent of Florida facing mortgage crisis
The Associated PressMore than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday. Meanwhile,...Tags: Fannie Mae, Financial and Business Services, Freddie Mac, Mortgages, Palm Beach (Palm Beach, Florida)
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9% of home loans in trouble
Associated PressWASHINGTON — More than 4 million American homeowners with a mortgage, a record 9 percent, were behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday....Tags: Financial and Business Services, Mortgages, Loans
Sep 7, 2008
|Story| Los Angeles Times
Sep 7, 2008
|Story| South Florida Sun-Sentinel
Sep 7, 2008
|Column| Chicago Tribune
Sep 7, 2008
|Story| Chicago Tribune
Sep 7, 2008
|Story| Chicago Tribune
Sep 7, 2008
|Story| Chicago Tribune
Sep 6, 2008
|Column| Baltimore Sun
Sep 6, 2008
|Story| Associated Press
Sep 6, 2008
|Story| Newsday
Sep 6, 2008
|Story| Hartford Courant
Sep 6, 2008
|Story| South Florida Sun-Sentinel
Sep 6, 2008
|Story| Chicago Tribune
