Bernanke urges mortgage relief (The Buffalo News) WASHINGTON ? Federal Reserve Chairman Ben Bernanke urged lenders to cut the amount of money they're owed by homeowners facing mortgage defaults.read more...
Riding the Bubble SELLING YOUR HOME CAN MEAN BIG PROFITS... OR A LONG FRUSTRATING WAIT. REAL ESTATE HAS BEEN A SUCCESSFUL GAMBLE FOR MANY IN RECENT YEARS, BUT NOW EXPERTS SAY THE SCALES
Bank of America 4Q Profit Falls "We certainly are not pleased with our performance" Bank of America Corp. said Tuesday its fourth-quarter earnings fell 95 percent, hurt by mounting credit losses and weak investment banking
FBI to Focus On Area Mortgage Loan Fraud (Washington Post) The FBI today will launch a mortgage fraud task force in its Washington field office, joining a widening net of state and local investigators digging into the market crisis.read more...
Countrywide caught in mortgage spiral (AP via Yahoo! News) Countrywide Financial Corp. grew from a two-man startup in 1969 to become the nation's leading mortgage lender by deftly riding out housing boom-and-bust cycles. This time around, however, the
FTC gives warning about mortgage ads (The State) The Federal Trade Commission has warned more than 200 companies about ?potentially deceptive? mortgage advertisements that could give borrowers a false impression of home loan costs. The FTC declined to
(ARA) – Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan.
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