Peter Boutell: Lending a Hand
Buying a home is not like buying a car. For a car, you could walk by a car lot, see a car that you had to have, make an offer, secure the financing and drive off the lot in your new car all in the same …
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FT.com Residential Capital, the newly created retail mortgage unit of General Motors , launched a $4bn bond issue on Tuesday, marking its debut in the capital markets and its acceptance by
Fannie Mae Plunges Amid Concerns About Mortgage Loss Accounting (Bloomberg.com) Nov. 16 (Bloomberg) -- Fannie Mae tumbled, heading for its biggest two-day drop since 1987, after executives at the mortgage- finance company failed to ease investor concern that it may
Despite reservations, Bush ready to sign mortgage relief for 400,000 strapped homeowners (Minneapolis-St. Paul Star Tribune) WASHINGTON - Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging
Mortgage rates down again (KARE 11 Minneapolis-St. Paul) Rates on 30-year mortgages fell this week to the lowest level in six months, offering support to the sagging home market.Mortgage giant Freddieread more...
Looking for details of mortgage-based bond funds (Financial Times) I recently read about a type of mortgage-based bond fund that has a higher return rate than corporate bonds. I can?t find out anything more about this. Can you help?read
U.S. Homeowners Grappling With Debt U.S. homeowners grappling with debt will be central figures of the 2007 U.S. economy, many economists say.Commentread more...