Freddie Hunts for Cash
Freddie Mac executives are talking to private-equity firms and other investors about the possibility of buying new common or preferred shares.
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Stocks Slightly Down on Subprime Mortgage Problems (Fox News) Stocks fell on Friday on subprime mortgage problems, in spite of good news on inflation, economy.read more...
Exotic mortgages put homeowners at risk (Reg Req'd) Perspective: Wherewithal to own is more important than ability to buy Marcie Geffner Is it ethical for real estate and mortgage brokers to ignore the inherent risks of so-called exotic
Home ownership is cause for cheer We have good reason to celebrate National Homeownership Month this June. A study by the National Association of Realtors says Springfield's housing market is in excellent shape.read more...
How Countrywide-BofA mortgage settlement helps California homeowners (San Francisco Chronicle) More than 120,000 struggling California homeowners could see their monthly mortgage payments lowered, after Bank of America Corp. agreed to provide $3.5 billion in loan and foreclosure relief to settle
Weekly mortgage survey: Rates slip The forces that had put upward pressure on rates ran out of steam this week, according to Bankrate.com's survey of large lenders.read more...
FBI arrest four in Mobile mortgage fraud scheme Four south Alabama residents are charged in a federal indictment with bilking Regions Bank out of almost $1 million in what prosecutors called a mortgage fraud scheme.read more...