MBIA details huge mortgage exposure, shares collapse (Reuters via Yahoo! News) MBIA Inc, the world's largest bond insurer, said it had guaranteed $8.1 billion of the riskiest mortgage securities, imperiling its entire net worth and sending its shares plunging 26
The Fine Print of the Foreclosure Fight You may have read about the latest public and private efforts to help financially distressed homeowners cope with their mortgage payments. But you might not have caught key details that
Death of trees upsets residents A battle is afoot in the city's north end over the fate of a grove of 40-year-old trees.read more...
Triangle could feel ripple from bubble Don't worry, Triangle homeowners, your home prices aren't getting ready to crash.read more...
30-year mortgage rates fall for second straight week (San Jose Mercury News) Rates on 30-year mortgages declined for a second straight week as low mortgages continued to fuel the country's housing boom. Mortgage giant Freddie Mac reported Thursday that rates on 30-year,
U.S. Economy to Expand in Coming Months "It just hasn't spilled over to the rest of the economy" The U.S. economy should expand modestly in coming months, a gauge of future business activity showed Thursday, indicating
Mortgage rates around the country went up this week, with rates on 30-year mortgages climbing to their highest point since late December. Mortgage company Freddie Mac, in its weekly nationwide survey released Thursday, reported that rates on 30-year, fixed-rate mortgages rose to 6.23 percent for the week ending Feb. 2. That was up from 6.12 percent last week and was the highest rate since the
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