Fed Chief Says Global Factors Contributed to Home-Price Boom
Federal Reserve Chairman Ben Bernanke doesn’t agree with critics who contend that the Fed’s low interest rates helped create a housing boom and bust.
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Home repossessions to double this year for mortgage defaulters (Times Online) The number of people who are losing their homes because they cannot meet rising mortgage bills is set to double this year, experts said yesterday.read more...
Be careful before agreeing to ARM As interest rates rise, the number of mortgage delinquencies and home foreclosures in the Chicago area is rising as well, and we probably haven't yet seen the peak.read more...
Welcome to journalism, 1876-style One of the challenges of running a fledgling non-profit is paying the bills. I'm hoping to do that by freelancing for magazines and newspapers.read more...
Bear Stearns fund facing mortgage losses: WSJ (Reuters via Yahoo! News) A hedge fund managed by Bear Stearns Cos. Inc. is scrambling to sell large amounts of mortgage-backed bonds in a potentially troubling sign for the broader mortgage-backed bond market,
Advocacy groups push Congress for mortgage aid (The Toledo Blade) WASHINGTON - With home prices falling and foreclosures rising last year, Congress held dozens of hearings into the mortgage crisis. But it failed to pass any significant legislation to tighten
Mortgage rates edge up again (San Jose Mercury News) Mortgage rates around the country went up this week, with rates on 30-year mortgages climbing to their highest point since late December.read more...
September 23rd, 2007
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