Mortgage crunch hits Bay Area hard because of jumbo loans (San Francisco Chronicle) Need a mortgage this month? It's going to be harder - and more expensive - to get one. In the past week, turmoil in the mortgage markets has caused increasing
Congress needs to control spending but not risk existing projects Let's say you have planned for years to rehab that unsafe roof that could be ripped off in a high wind, replace the worn tires on your car that pose
Lawmakers propose town hall meetings across Florida on property taxes State lawmakers plan a series of town hall meetings across Florida to gather feedback from citizens on skyrocketing property taxes that have forced some business owners to flee the state
Mortgage industry needs more layoffs, analysts say (The Arizona Republic) The mortgage industry still isn't out of the woods and faces substantially more layoffs, according to a report.read more...
Mortgage Stocks Fall as Poole Says Rates May Rise (Update2) (Bloomberg.com) Feb. 9 (Bloomberg) -- Shares of U.S. mortgage companies renewed their tumble today as St. Louis Federal Reserve Bank President William Poole said interest rates may rise and that lenders
'Liar loans' threaten to prolong mortgage crisis (AP via Yahoo! Singapore News) In the mortgage industry, they are called "liar loans" _ mortgages approved without requiring proof of the borrower's income or assets.read more...
“Our economy is recovering smoothly, spurred by private sector demand”
Asian stocks plunged Friday as fallout spread across the region from global market turmoil set off by a U.S. mortgage problem. The Bank of Japan joined its U.S. and European counterparts in pouring in cash into money markets to calm growing jitters.
The Nikkei 225 index dropped 448.64 points, or 2.61 percent, to 16,721.96 during the morning session on the Tokyo Stock Exchange. The broader Topix index of all shares on the exchange’s first section sank 48.94 points, or 2.91 percent, to 1,634.87. Read more
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