Fed, Treasury see boost in easing mortgage rules (Washington Post) WASHINGTON (Reuters) - The top two U.S. economic policymakers told Congress on Thursday that allowing the biggest home finance companies to buy larger loans could ease mortgage market strains, but
Worklight causes house fire A quartz halogen work light is believed to have caused a nighttime fire yesterday that temporarily displaced a Fayette Street landlord and a family renting an apartment in his
Money in the Morning Existing home sales in the West rose by 6.4 percent in April to an annualized rate of 1 million units.read more...
Flat sales of condos hint thrill is leaving Condo sales, the driving force behind Chicago's housing market throughout the fall, went flat in December, the latest sign that the torrid housing market has eased to tepid.read more...
Year of market correction I'm guessing the author of your article does not live in a "McMansion," a singularly vulgar and dismissive term to define a large home.Commentread more...
Low-rate ride is finished, so lock in your mortgage "In fact, it could be a good thing." The golden age of variable-rate mortgages is over. They're still a defensible choice if you're buying a home or renewing your
Wall Street rallied Tuesday, the first day of the second quarter, on news that two banks slammed by the credit crisis are working to raise cash and that U.S. manufacturing is faring better than expected. The Dow Jones industrial average soared more than 220 points.
Investors were pleased to hear that Swiss bank UBS AG said it will issue up to $15 billion in new stock and that its chairman, Marcel Ospel, had quit. Investors chose to look past the bank’s announcement that it will take a fresh $19 billion write-down due to additional declines in the value of its mortgage assets and other credit instruments, following an $18 billion write-down last year. Read more
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