Fed plan reins in dicey mortgage policies (USA Today) The Federal Reserve, criticized for standing aside as risky subprime mortgage lending soared then crashed, did an about-face Tuesday by proposing sweeping new consumer protections.read more...
Impac Mortgage Declares Regular Dividend (KiplingerForecasts.com) (AP) NEWPORT BEACH, Calif. Real estate investment trust Impac Mortgage Holdings Inc. said Tuesday it declared a regular quarterly dividend of 25 cents per share.read more...
Westpac Banking's First-Half Profit Rises to a Record on Business Lending Westpac Banking Corp., Australia's fourth-largest bank, said first-half profit rose 8 percent to a record after it increased loans to companies investing in their businesses as the nation's exports surged.via
Jackson behind on 2nd mortgage (Chicago Sun-Times) LOS ANGELES -- Public documents show Michael Jackson has repeatedly failed to make mortgage payments on a Los Angeles home that has been used for years by his family.read more...
Year of the steer For the first time in Routt County Fair history, a grand champion steer was sold for more than $10,000 at the Junior Livestock Sale.read more...
Cooling housing market could ripple across valley economy - 2006-01-16 More Silicon Valley housing news. The real estate market looks like it will cool in the Silicon Valley and San Jose regions, but the housing prices should hold firm.read more...
March 11 (Bloomberg)—The Federal Reserve, struggling to contain a crisis of confidence in credit markets, plans to lend up to $200 billion in exchange for mortgage-backed securities.
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