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First charges handed down in Met Mortgage financial scandal (KXLY-TV Spokane)  The federal government Monday handed down a slew of criminal and civil charges in the collapse of Metropolitan Mortgage and Securities, which cost more than 10-thousand investors some 450 million


What a Week: Bear Blast  The old saying goes that March weather comes in like a lion but goes out like a lamb.Commentread more...


Mortgage rates back near record lows (MSN Money)  The Fed has raised short-term rates eight times, but a 30-year mortgage is cheaper today than it was last year. Here's why. Mortgage rates are near their lows of the


China bank ups mortgage interest rates (AP via Yahoo! News)   China has raised mortgage interest rates and increased the down payment needed for loans to finance purchases of second homes, the central bank said in a notice seen Friday.read


Is The Real Estate Bubble About To Burst?  All over South Florida you hear stories about people making money on real estate.via


Federal judge takes over mortgage scam case (Newsday)  Saving Anthony and Carol Calvagno from being evicted from their longtime home, a federal court judge has agreed to take over the case of the Deer Park couple who lost

November 20th, 2007

Mortgage Crisis Intensifies: Freddie Mac Posts $2B Loss; Says It Needs Fresh Capital Infusion (Canadian Business)

Marcy Gordon November 20, 2007 – 2:42 p.m. WASHINGTON (AP) – The mortgage crisis intensified Tuesday as Freddie Mac, the nation’s No. 2 buyer and guarantor of home loans, posted its largest quarterly loss ever and warned that it may need to curtail its business unless it can raise fresh capital.

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