Freddie Mac, Fannie Mae PACs: Campaign cash cows put out to pasture for this year's election Political action committees affiliated with mortgage giants Freddie Mac and Fannie Mae are now banned from engaging in lobbying activities, including making donations.read more...
Universal Savings sells mortgage division (The Business Journal of Milwaukee) Universal Savings Bank has agreed to sell its wholesale and retail mortgage division to a unit of American Sterling Bank, Kansas City, Mo.read more...
Mortgage Training - Housing Bubble Watch: Building Stats Slip As Does Housing Bubble Watch: Building Stats Slip As Does Builder Confidence The two monthly reports that measure the health of the home construction industry were released this week.read more...
Stocks cut down by mortgage woes (CNN Money) Stocks fell sharply Friday as mortgage woes riled Wall Street, adding to the steep losses of recent days.read more...
Bush wades into mortgage crisis (Contra Costa Times) By David Cho WASHINGTON POST WASHINGTON -- Mortgage rates for homeowners with troubled credit histories would be temporarily frozen under a nearly completed agreement between top Bush administration officials and
'Short Sales' Rise As Housing Market Cools More borrowers are turning to this method of dealing with their debt as the number of people falling behind on their mortgage payments climbs to the highest level in five
American Home Mortgage Investment Corporation filed for Chapter 11 bankruptcy protection Monday. The U.S. home loan provider was not a sub-prime lender, but focused on medium-risk buyers—such as immigrants and the self employed—who have trouble documenting their incomes.
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