Stocks Up on H-P Earns, Home Building Data
Strong profits at Hewlett-Packard Co. lifted stocks Thursday, with a surprising jump in home construction easing investors’ economic worries and further fueling the buying.
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Exotic Mortgage Payment Shock Last week we mentioned the fact that investment banks are in the practice of insuring the profits when they sell securitized home loans, i.e. mortgage backed securities.read more...
Affordability gap prices out home buyers News of robust home sales and persistent low mortgage rates would seem to indicate a strong and vibrant housing market.read more...
Paulson Sees Markets Unfreezing Paulson said in an interview that U.S. financial markets are emerging from the credit crunch but predicted further "bumps along the road."read more...
Freddie Mac participates in foreclosure-prevention effort (Reg Req'd) Mortgage entity joins with financial institutions to educate public Mortgage giant Freddie Mac announced today it is joining 14 financial institutions and the NeighborWorks Center for Foreclosure Solutions to ...read
Borrowers, insurers would save with new mortgage insurance (Lodi News-Sentinel) The first article in this series pointed to a serious weakness in the way the mortgage system deals with default risk. Interest-rate risk premiums collected from borrowers that are not
South Florida is among 10 hot spots for mortgage fraud (Sun-Sentinel) One late afternoon in April, Cheri Capuano was chatting with a neighbor in front of her Coral Springs home when a black Hyundai sedan pulled up. A process server stepped