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US widens help for homeowners - 4 hours ago - Department of Housing and Urban Development Secretary Steve Preston announced changes that aim to expand participation in the new Hope for Homeowners program. Launched Oct. 1, the program is off to a slow start, with the government 0133 : Cincinnati.com

Mortgage Purchase Applications Near 8-Year Low - 1 day ago - The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage application activity fell 6.2 percent to 398.6 in the week ended Nov. 14. The index was dragged lower as the MBA's gauge of loan requests earmarked 0133 : CNBC

Alabama governor defends state from UAW criticism - 2 hours ago - BIRMINGHAM, Ala. Gov. Bob Riley fired back Thursday at the United Auto Workers, which cited Alabama's huge incentives to foreign automakers as an example of why the federal government should approve loans for troubled U.S. car companies. 0133 : BusinessWeek

Fannie Mae, Freddie Mac to suspend US home foreclosures - 45 minutes ago - WASHINGTON The two US mortgage finance giants, Fannie Mae and Freddie Mac, said on Thursday they halt home foreclosures until early January as they modify loans to help keep owners in their homes. The huge firms, which underpin about half 0133 : Channel NewsAsia

Save a Bundle On Your Mortgage Now! - 2 hours ago - Momlogic's financial expert Danielle Hoston Believe it or not, lenders do NOT want to foreclose on homeowners. In addition to the significant loss of mortgage income involved with a foreclosure, lenders also incur legal fees, potential 0133 : Momlogic.com

FDIC chief calls again for foreclosure relief - 1 hour ago - BALTIMORE FDIC Chairman Sheila Bair said Thursday she is still hopeful of using federal bailout money to help homeowners avoid foreclosure. The issue is whether it's an appropriate use of Treasury bailout funds or not, we think it 0133 : Boston Globe

Pritzker Saved Obama Much Embarrasssment By Bowing Out Of 0133 - 2 hours ago - Billionaire Obama campaign finance chair Penny Pritzker did the smart, maybe the only, thing she could when she quickly scotched talk that she wanted to be Obama's Commerce Department Secretary. Pritzker says she doesn't want the post 0133 : Huffingtonpost.com

Foreclosure bailout 'still hopeful' - 2 hours ago - BALTIMORE AP FDIC Chairman Sheila Bair said Thursday she is still hopeful of using federal bailout money to help homeowners avoid foreclosure. The issue is whether it's an appropriate use of Treasury bailout funds or not, we think 0133 : CNN Money