Ask the Fool Mortgage Ups and Downs (The Philadelphia Inquirer) Q: What makes mortgage interest rates go up and down? - R.W., Norwich, Conn. A: Interest rates are influenced by inflation and the market for debt (notes, bills, bonds, etc.).
Japanese Company Closes U.S. Mortgage Securities Business (New York Times) Nomura Holdings, Japan?s largest securities firm, has already written off about $620 million related to its American subprime mortgage-related business.read more...
Greenspan Renews Mortgage Giant Concerns (AP via Yahoo! News) The multibillion-dollar holdings of mortgage giants Fannie Mae and Freddie Mac need to be reduced because their huge debt raises a potential danger to the U.S. financial system, Federal
Permit expiration may halt school co... A snafu in the earth removal permit for the high school that is being built in Jackson Park may result in a temporary halt of construction.read more...
Decorate guest room to make company feel right at home A little sand here, some tufts of grass there and a duck peering down from a ledge bring a lakeshore feeling into the landlocked guest bedroom of Julie and Ryne
Economic path unclear, prices a worry: Bernanke WASHINGTON - Federal Reserve Chairman Ben Bernanke said on Wednesday that housing market turmoil has clouded the outlook for the U.S. economy but that the central bank remains focused on
MEMPHIS, Tenn., Sept. 2, 2008—First Horizon National Corp. has completed the sale of its mortgage origination and servicing platform outside Tennessee and has revised credit expectations for 2008.
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