FACTBOX-US presidential candidates on the mortgage crisis (Reuters via Yahoo! UK & Ireland News) (Reuters) - Mounting U.S. mortgage foreclosures have spooked financial markets around the globe in recent months, prompting policymakers to draft programs that could help borrowers save their homes.read more...
All types of mortgage rates dip Rates on 30-year mortgages fell this week to the lowest level in six weeks. The mortgage company Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.22 percent this week,
Getting easy money for 'nonconforming' mortgage loans not so easy anymore (Asheville Citizen-Times) The world of mortgage finance is in total turmoil. From late 2006 to the present, at least 129 U.S. lenders have sought bankruptcy protection or ceased operations. There is even
FSA fines UK Mortgage arm of GE (Financial Times) A UK mortgage subsidiary of General Electric has been fined more than £1m by the City watchdog for sloppy systems that caused its customers £2.3m in losses.read more...
Fannie Mae loses $29 bln on tax, mortgage charges (Market Watch) BOSTON (MarketWatch) -- Mortgage-finance giant Fannie Mae on Monday reported a $29 billion third-quarter loss as the company continued to get slammed by the housing crunch and the upheaval in
Know your option ARM choices well Like a chainsaw, these new and popular adjustable mortgages can be useful or harmful, and the risk is borne entirely by the user.read more...
Posted Nov 6th 2006 11:19AM by Gary E. Sattler Filed under: Home Depot Okay , so that big bad wolf isn’t huffing and puffing to blow any houses down but he sure wants us scared that he’s not going to build as …
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