BUSH ANNOUNCES FIVE-YEAR FREEZE

President Bush announced this week plans for a five-year freeze on interest rates for subprime mortgages. “We should not bail out lenders, real estate speculators or those who made the reckless decision to buy a home they knew they could never afford,”...

Ten Cities Ready To Bounce Back

The horror show of America’s residential real estate market just keeps getting scarier, what with the sub-prime mortgage crisis threatening to slash demand for homes while the inventory of unsold properties continues to pile up. It’s enough to send any...

HOPE FOR SUBPRIME HOMEOWNERS

The Bush administration has announced a new mortgage industry coalition aimed at helping homeowners avoid foreclosures. Treasury Secretary Henry Paulson said the initiative, called HOPE NOW, would coordinate efforts by financial companies to help an estimated two...