Senators hammering out mortgage deal (CNN Money) A Senate panel was close Thursday to reaching a bipartisan compromise on a bill that would allow the government to insure up to $300 billion of home loans and overhaul
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Rising Rates Still a Likely Scenario Hold the applause. The Federal Reserve may not be finished raising interest rates.read more...
Paulson wants mortgage help for large groups (Reuters via Yahoo! News) Treasury Secretary Henry Paulson, convinced individual workouts will not solve a worsening mortgage crisis, is pressing the industry to help large groups of borrowers qualify for more affordable loans.read
Fed?s finger in the dike on mortgage rates (Minneapolis-St. Paul Star Tribune) Some say the lowest mortgage rates in four years could help stabilize the housing market. But others aren't so sure.read more...
Debt and mortgage woes in papers (BBC News) The Daily Telegraph 's front page headline is "mortgage misery as rates hit seven-year peak".read more...
Capstead Mortgage Corp., a real estate investment trust, said Tuesday it recently completed the sale of $760 million of agency-guaranteed mortgage securities for a loss of about $1.5 million.
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