Uncalculated risks
Insurance companies owed about $32 billion as a result of the 9/11 attacks. And as a result of that huge bill, they effectively stopped covering terrorism.
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Mortgage rates ease on sales, buyer confidence (CNNMoney.com via Yahoo! Finance) Mortgage rates fell for the second straight week, Freddie Mac said Thursday, following a sharp drop in home sales and signs of waning U.S. consumer confidence.read more...
2ND UPDATE: Bank Of England Seeks To Thaw Frozen U.K. Mortgage Market (Nasdaq) LONDON (Dow Jones) -- The Bank of England on Monday said it will swap up to 50 billion pounds worth of Treasury bills for high-rated mortgage-backed securities with commercial banks
Woman Says Felon Mortgage Broker Scammed Her (ABC News) Florida's mortgage brokers allegedly committed at least $85 million in fraud. read more...
Home Building Declines in October "We are likely to see a steady downward trend in housing activity over the next few months all tied to rising mortgage rates," said Nariman Behravesh, chief economist at Global
Treasurys Fall on Mortgage Relief Hopes (San Francisco Chronicle) Treasury prices fell Wednesday after regulators said they will lift limits on the investment portfolios for mortgage companies Fannie Mae and Freddie Mac, a move expected to bring new capital
Homebuying Fees If you're about to buy a house, you're about to face a multitude of fees. It's valuable to take some time to learn what you'll be paying for.via