New Housing Deal Reached The top two members of the Senate Banking Committee said Monday they have reached an agreement on a housing aid package that includes a regulatory overhaul for Fannie Mae and
Ex-Countrywide Chief Forms Mortgage Buyout Firm (NPR) The former head of troubled mortgage lender Countrywide hopes to cash in on the mortgage crisis with a new venture. Stanford Kurland is heading up a company called PennyMac, which
Cheap, unconventional housing alternatives For many, the mortgage payment is a heavy burden. These housing alternatives make for easier livin'.read more...
Mortgage Rates Dip For 6th Straight Week Rates on 30-year mortgages fell for a sixth straight week, dropping to the lowest level in three months, according to a weekly survey released Thursday.read more...
Allstate feels mortgage-backed securities pain (Chicago Tribune) Allstate Corp., hurt by big writedowns of mortgage-backed securities and by hefty tornado-related damage payouts, said late Wednesday that first-quarter earnings dropped 77 percent.
Entrepreneurs Get Ready for When Housing Bubble Bursts via
The company’s financial officer says supply-and-demand imbalances offset the effects of speculation on the industry.
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