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Feds to lenders: Drop 'payment shock' loans  Stop giving risky mortgages to people who won't be able to afford the payments in two or three years, federal regulators are telling lenders.read more...


Economy in U.S. Grew at Revised 4.1 Percent Annual Pace in Third Quarter  Dec. 21 -- The U.S. economy grew at a 4.1 percent annual rate in the third quarter, propelled by free-spending consumers who already show signs of pulling back.read more...


Community remodels home for Kansas City teen  "We had to be gracious and receive." It began as a simple act of kindness to raise $5,000 and build a wheelchair-accessible bathroom for Austin Dearth. via NBC Action


Tax Plan May Not End the Arguments  TALLAHASSEE | After hundreds of hours of debate, thousands of pages of economic analysis and two legislative special sessions, lawmakers are poised to approve a property tax cutting plan by


Your Money Matters: Dealing with Rising Mortgage Interest Rates (Pekin Times)  (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans


Mortgage Applications Decline Last Week  Mortgage Applications Decline Last Week -- Demand for home loans declined last week as interest rates hit their highest levels in more than a month, the Mortgage Bankers Association reports.read

May 15th, 2008

Congress Faults Bush on Housing Bill

The Bush administration is a surprising wild card in the debate about a housing rescue. Lawmakers say the White House has sent mixed signals about what kind of housing bill it would approve.

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