Mortgage rates decline a bit (Bankrate.com) Mortgage rates dropped this week on news of a slumping economy. The benchmark 30-year fixed-rate mortgage fell 9 basis points, to 6.53 percent, according to the Bankrate.com national survey of
Mortgage fraud flourishes in down markets (Bankrate.com via Yahoo! Finance) As long as the market stays in the doldrums mortgage fraud will continue to thrive, financially damaging not only buyers, sellers and lenders, but even neighbors.read more...
Treasury signals softer stance on loan portfolio limits The Treasury Department under Henry Paulson, its new secretary, has signalled a willingness to soften its long held public stance that mortgage giants Fannie Mae and Freddie Mac should face
S.F. Federal Reserve chief sees more mortgage trouble ahead (San Francisco Chronicle) The president of the Federal Reserve Bank of San Francisco said Wednesday the mortgage meltdown and financial services turmoil are likely to be a "major drag" on the national economy
The Value Chasm: Fake Prada Handbags and Terrorism Every purse blog, from Iamfashion.purseblog.com to baglady.com has anointed it well accepted it was," says Silvia Venturini Fendi, the designer who invented DailyIndia.com, NY - Feb 9, 2006 You don
Bear Stearns Earnings Rise 5 Percent on Mortgage Bonds, Private Equity Bear Stearns Cos., the fifth-biggest U.S. securities firm by market value, said second-quarter earnings rose 5 percent, boosted by private-equity gains and mortgage-backed bond sales.via
Rates on 30-year mortgages, after rising for the first time in five weeks, edged down slightly this week. Mortgage-giant Freddie Mac reported yesterday that 30-year, fixed-rate mortgages dipped to 6.36 percent. That compared to 6.37 percent last week when rates had risen after having fallen to a seven-month low of 6.24 percent.
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