Reduce mortgage principal, Fed chief suggests (Milwaukee Journal Sentinel) As home foreclosures continue to rise in Wisconsin and across the nation, Federal Reserve Chairman Ben Bernanke is suggesting that reducing the principal of a troubled mortgage rather than lowering
Freddie Mac delays quarterly, '05 financial results WASHINGTON - Freddie Mac, still recovering from an accounting scandal, on Friday said it would delay by two months the release of its quarterly and full-year 2005 financial results to
Four steps to a stress-free refi Know why you want to refinance, provide paperwork promptly, lock long and keep in touch (but not too much), say the experts.via
Weak IFO sparks flight to Treasuries Value play Value fund managers are flush with cash as a result of an overvalued market.via
Mortgage applications rise in latest week: MBA (Reuters via Yahoo! News) Mortgage applications rose for a second consecutive week, fueled by a jump in demand for home refinancing loans as interest rates dropped, an industry group said on Wednesday.read more...
GM sells 78% stake in mortgage unit (The Indianapolis Star) DETROIT -- General Motors Corp., struggling with big losses, slow sales and high labor costs, said Thursday it sold a majority interest in its commercial mortgage division in a deal
(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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