Lending

BOSTON - Massachusetts' attorney general has obtained a preliminary injunction against Option One Mortgage Corp. and H&R Block Mortgage Corp. that requires them to notify the AG's office of their intent to foreclose upon subprime mortgages.

WASHINGTON - CUNA economist Bill Hampel said he thinks homeowners will eventually see some TARP funds or other governmental relief dedicated to restructuring troubled mortgages;

WASHINGTON - Because of continuing concerns over access to student loans and stability in the student lending market, the U.S. Department of Education has announced that it is taking steps to ensure that students will be able to obtain

WASHINGTON -- The continuing woes of the economy in general and the housing industry in particular again took their toll on mortgage buyer Freddie Mac as it today reported that during the third quarter its revenues fell $25.3 billion.

WASHINGTON - Borrowers who have missed at least two mortgage payments could be eligible in a reduction in interest, under a proposal unveiled today by the FDIC.

WASHINGTON - Congress should insist that the Treasury Department invest up to $50 billion into a program to help consumers avoid foreclosures being proposed by the FDIC