Treasury Hires Morgan Stanley
The Treasury Department hired Morgan Stanley to provide “market analysis and financial expertise” in connection with its rescue plan for Fannie Mae and Freddie Mac.
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Most states report weaker existing home sales Sales of existing homes fell in 38 states during the summer, led by steep declines in Nevada, Arizona, Florida and California, as the once-booming housing market showed further signs of
Mortgage lender SouthStar in Chapter 7 bankruptcy (Reuters via Yahoo! Asia News) NEW YORK, April 12 (Reuters) - SouthStar Funding LLC, a mortgage lender that earlier this month said it stopped making home loans, has filed for Chapter 7 bankruptcy protection,
Market entices new buyers When most of his peers were splurging on cars, clothes and bar outings, 19-year-old Bryan McLaughlin was shopping for his first home.read more...
Scholar gives Morrocans all-clear on interest An Egyptian Islamic scholar has angered Morocco by telling its young people it's okay to take out a mortgage to buy a house, even though Sharia law bans interest payments
Mortgage delinquency rate drops (San Jose Mercury News) The strength of the economy and the job market helped residential delinquency and foreclosure rates decrease during the first quarter of 2006, according to the Mortgage Bankers Association's quarterly survey,
Bridgeport Principal Indicted The newly hired principal of a Bridgeport charter school was charged this week with stealing thousands of dollars and inflating enrollment figures at a highly rated charter school he founded