New Fannie Mae chief keeps his cool under fire
Daniel Mudd learned about coolness under fire leading a platoon of U.S. Marines into Lebanon in 1983 after an attack that killed 241 U.S. servicemen.
via
First Direct re-enters the mortgage market (Independent) First Direct, the bank that spooked the mortgage market by ceasing all new home lending seven weeks ago, is to reopen its doors. The bank, a subsidiary of HSBC,
Saxon Capital, Inc. Shareholders Approve Acquisition by Morgan Stanley Mortgage Capital Inc. (Business Wire via Yahoo! Finance) GLEN ALLEN, Va.----Saxon Capital, Inc. , a residential mortgage lending and servicing real estate investment trust , announced today that the Company's shareholders approved the merger, upon the terms
Low-rate loans can be big trouble In 2002, Jesse Stiltner used an adjustable-rate mortgage as the least-expensive path to home ownership.read more...
Mortgage Foreclosures Reach All-Time High Stocks on Wall Street fell sharply yesterday with fresh concerns over the health of financial firms that have invested heavily in mortgage-backed securities and a new report showing that more
Banks Increase Their Borrowing From Fed "This is a much-higher borrowing total than expected and it is probably a sign that the credit crisis, while it may be moderating slightly, is far from over" Banks
Police Brought In On Unruly IndyMac Crowd Police were called in Tuesday to tame an angry throng of IndyMac Bank customers trying to pull money out of the Encino, Calif., branch on Day 2 of a federal