Mortgage Rates Drop for 1st Time in 5 Wks. (San Francisco Chronicle) Rates on 30-year mortgages declined this week for the first time in five weeks amid expectations that the Federal Reserve won't push interest rates much higher. Mortgage finance company Freddie
Give consumers credit: They're managing debt (Reg Req'd) Consumers are doing a better job keeping up with their credit card bills, recent statistics show.via
Stocks fall amid interest rate Stocks fell on Wednesday as financial and home building shares declined amid worries about rising interest rates, while shares of energy companies were dragged lower as oil slipped below $60
Foreclosures Increase Again The rate of U.S. home mortgages overdue or in foreclosure surged again in the second quarter, a survey found.read more...
How they voted: Mortgage lender bill (AP via Yahoo! News) The 291-127 roll call Thursday by which the House passed a bill that would make mortgage lenders responsible for discovering whether borrowers can repay and fine them for steering
Citizens Banking Corporation Selects PHH Mortgage as Mortgage Strategic Partner (SYS-CON Media) Citizens Banking Corporation announced today that it has selected PHH Mortgage, a subsidiary of PHH Corporation , as a strategic partner for its mortgage loan business.read more...
(ARA) – Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It’s an important question because for many Americans their home equity represents the cornerstone of their personal wealth.
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