Is negative savings rate a problem?
Americans are spending more than they’ve earning for the first time since the Depression.
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Sector Glance: Mortgage Lenders (AP via Yahoo! Finance) Shares of mortgage lenders closed Thursday mixed, as Thornburg Mortgage Inc.'s successful effort to raise cash by selling stock offset news of bad credit in Freddie Mac's portfolio.read more...
The Limits on Mortgage Relief (WallStreet Journal via Yahoo! Finance) If you are hoping for mortgage relief, here's another factor that you and your lender will have to work into your numbers. The effective interest rate on new mortgages
Housing Market Hitting a Rough Patch The 'For Sale' signs are staying out longer. House prices are easing as sellers try to lure in buyers.read more...
Want to go without wind? Good luck on your mortgage, banks say Consumers might want to go without wind coverage, and may decide on a higher deductible in return for lower rates, but mortgage companies could keep these options from producing what
GDP and Mortgage Interest As a supplement to the GDP report, the Bureau of Economic Analysis provides an estimate of aggregate mortgage interest and the effective rate of interest on mortgage debt outstanding.read more...
Leading mortgage lender forced to borrow billions (San Gabriel Valley Tribune) CALABASAS - Countrywide Financial Corp.'s financial trouble deepened Thursday, forcing the nation's biggest mortgage lender to tap an $11.5 billion credit line to fund operations.read more...