Property Tax Cut Bill Near, Speaker Says TALLAHASSEE - Lawmakers are headed toward a final vote as early as today on a complicated property tax package that supporters are calling the largest tax cut in state history
U.S. mortgage giants still at risk (International Herald Tribune) Despite a bailout plan that has been readied by the U.S. Treasury, many analysts are concerned that Fannie Mae and Freddie Mac are overextended and unable to buy enough home
Managing a mortgage after retirement (Los Angeles Times) Paying down the balance and refinancing may not be the best choice. Invest smart to mitigate monthly payments. Question: I am 58 and just purchased the home
30-year mortgage rates rise above 6% (Boston Globe) Interest rates on 30-year, fixed-rate home mortgages yesterday rose above 6 percent for the first time since late March, increasing the chances that housing prices could flatten or decline and
U.S. MBA's Mortgage Applications Index Rose 7.2% Last Week (Bloomberg.com) April 5 (Bloomberg) -- U.S. mortgage applications posted their strongest gain last week in more than two months, as both home purchases and refinancing rose.read more...
IBM to acquire Bergen firm that aids mortgage lenders (NorthJersey.com) An Englewood Cliffs firm that provides technical support to mortgage lenders has agreed to be acquired by IBM.read more...
GMAC and Cerberus are scrambling to keep ResCap afloat after the ailing mortgage lender discovered it will need to raise $1.4 billion more than expected in just four weeks to meet its own needs and satisfy commitments to lenders.
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