Leading Indicators Index Falls in July An indicator of future economic activity dipped in July on weakness in the housing market, providing the latest sign that economic growth is cooling off, a private research group reported
Regulators target mortgage bankers Top federal regulators directed banks to tighten their mortgage lending practices, warning that interest-only loans and other nontraditional mortgages pose a risk to the banking system and the economy.read more...
American Home Mortgage and Fannie Mae reach agreement (Newsday) American Home Mortgage Investment Corp., the bankrupt Melville-based lender, has struck an agreement that will allow it to continue servicing a crucial portfolio of $5.2 billion in government-backed mortgage loans.read
Mortgage rates climb for sixth straight week (Courier-Post) Mortgage rates increased for the sixth consecutive week, with the average 30-year fixed mortgage rate hitting a 10-month high of 6.61 percent, according to Bankrate.com's weekly national survey of large
Mayor appeals to Congress for help out of mortgage fix (Las Vegas Sun) Sun, Apr 13, 2008 (2 a.m.) Washington ? The mayor of Las Vegas came to town to discuss the mortgage mess last week and brought one very simple request: Send
From the ground up Husband Ken and I thrive on projects - major ones like redoing an entire yard or adding a room.read more...
“Stress in the housing market still dominates the story but it’s a broader tale of an overall weak economy.”
By ALAN ZIBEL The Associated Press Thursday, April 3, 2008; 7:05 PM WASHINGTON —Borrowers fell behind on their car, home equity and home improvement loans in last three months of 2007 at a delinquency rate … via Washington Post
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