Mortgage lending up slightly (Reuters.co.uk) LONDON (Reuters) - Mortgage lending by banks picked up slightly in June, with growth in line with the recent average, the British Bankers' Association said on Wednesday, suggesting the property
Interest-only adjustable-rate home loans stir concerns Fannie Mae, the biggest buyer of U.S. mortgages, is concerned that a rise in the use of interest-only adjustable-rate home loans by "less sophisticated" borrowers may result in credit problems
A Stumble by Yahoo and Slow Home Sales Chill Investors Stocks retreated, snapping the Nasdaq composite index's longest winning streak in eight months, as slowing advertising growth at Yahoo and a drop in home construction suggested the economy was losing
Top Dems skeptical about tax overhaul U.S. Sen. Max Baucus, ranking Democrat on the Senate's tax-writing committee, and Montana Revenue Director Dan Bucks both have adopted wait-and-see stances on recommendations by a presidential panel to overhaul
Mortgage applications rebound (CNN Money) Mortgage applications ended their five-week decline last week, according to the latest report by the Mortgage Bankers Association, helped by a decline in interest rates.read more...
Cautious Fed adopts wait-and-see policy The Federal Reserve is keeping a watchful eye on volatile markets, as it seeks to understand why the dollar and interest rate futures reacted so dramatically to a spate of
NEW YORK —The Treasury Department’s resumption of 30-year bond sales could have an interesting impact on the home mortgage market, with lenders offering more 40-year loans and maybe even 50-year mortgages for the first time to help some consumers qualify for loans.
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