Clinton Seeks Aid For At-Risk Homeowners
August 7, 2007, 2:40 PM
Senator Hillary Rodham Clinton is calling for a $1 billion federal fund to help homeowners avoid foreclosure.
The New York Democrat is also proposing penalties against mortgage brokers who engage in predatory lending. Speaking in Derry, New Hampshire, the front-runner for her party's presidential nomination said its time to "acknowledge we have a real challenge and confront it head-on with real solutions."
Weak home prices and rising interest rates have made it increasingly difficult for borrowers to keep up with their
payments, pushing delinquencies and foreclosures sharply higher.
Yesterday American Home Mortgage Investment, the nation's tenth-largest mortgage lender, filed for bankruptcy protection. Two other mortgage lenders have said they are not accepting new applications.
© 2007 Associated Press. All rights reserved. Material may not be redistributed.
7/28/2014 11:30 AM
Sioux Falls Police say a large fight behind the Best Buy store on 41st Street landed two people in the hospital early Sunday morning.
7/30/2014 1:27 PM
The former Walworth County State's Attorney has been arrested and charged with three counts of first-degree rape.
7/27/2014 8:07 AM
Sioux Falls police are investigating an early morning attempted armed robbery that injured a clerk at a west-side convenience store.
7/25/2014 11:12 AM
Sioux Falls is no longer the nation's best small city for business and careers.
7/23/2014 9:55 PM
It's the moment Craig and Rebecca DeWit have been waiting for. Their new sons, Judah and Elijah, are now home.