Irresistible Merrill Lynch may hit immovable wall Q: What's your opinion of my shares of Merrill Lynch & Co.? The company seems to be doing really well.read more...
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Home mortgage breaks: 'Helper loans' open (The MetroWest Daily News) The Massachusetts Credit Union League yesterday unveiled a below-market-rate mortgage loan program aimed at lower-income, first-time home buyers.read more...
Mortgage industry reloads as subprime misery lingers (Reuters via Yahoo! News) NEW YORK (Reuters)- Angelo Mozilo, the butcher's son who built Countrywide Financial Corp. into the largest mortgage lender in the United States, was in no mood for soul-searching over
Mortgage interest rates up this week (The Columbus Dispatch) Rates on 30-year mortgages rose this week to the highest level since the spring of 2002. Mortgage company Freddie Mac said yesterday that rates on 30-year, fixed-rate mortgages increased to
Exotic mortgage holders face difficult refinancing (The Nashua Telegraph) Refinancing a mortgage, suddenly, isn't such an easy thing to do. ...read more...
Pension funds and insurance companies would be enticed to buy mortgage-backed bonds if the Government adopted a model used in Canada, where C$11 billion ($10.8 billion) of the securities were sold in the first quarter, Greg Medcraft , executive director of the ASF said today in a media briefing.
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