Housing construction posts May increase
Construction of new homes and apartments, after posting three straight months of declines, increased in May, helped by dry weather.
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Sector Snap: Mortgage Lenders (AP via Yahoo! Finance) Shares of mortgage lenders mostly fell Wednesday afternoon in the aftermath of Freddie Mac's $2 billion loss. The big loss by the federally-charted mortgage lender squelched hope that government-sponsored
McGraw-Hill replaces president of Standard & Poor's Publisher McGraw-Hill Cos Inc is replacing the president of Standard & Poor's, the company's financial services division, effective immediately, amid questions about the role of credit-rating agencies in the
Citizens Bank & Trust Building No. 9 read more...
Knowing how to handle a good situation is key to success Angela Brooks thought her finances were in worse shape than they are. So the young professional and single mom was relieved when a financial planner told her that not only
US mortgage relief (Financial Times) Congress is breaking out its blunt instruments. A stimulus package just passed by the House of Representatives would allow Fannie Mae and Freddie Mac , the government-sponsored mortgage lenders, to
Mortgage lenders getting into foreclosure business (Home News Tribune) WASHINGTON ? Consumer advocates have begun criticizing major mortgage lenders, such as Countrywide Financial Corp. and GMAC Financial, that also have in-house foreclosure businesses.read more...