Fannie Mae Erases $6.3 Billion in Profit Fannie Mae erased $6.3 billion in profit in a long-awaited restatement Wednesday capping the accounting scandal that stunned financial markets and brought the ouster of top executives and a record
Overruns under fire The Middletown High School building project has been under a watchful eye of many - residents, community groups and officials - for the past few years as the dream appeared
How to Get Dough While Staying Put Moving to a cheaper place when you retire may make financial sense. But what if you want to stay in your current house? A product called a reverse mortgage can
30-year mortgage rates increase to 6.42 percent (Poughkeepsie Journal) WASHINGTON - Rates on 30-year mortgages rose for a third straight week, hitting the highest level in eight months. Mortgage giant Freddie Mac reported Thursday 30-year, fixed-rate mortgages averaged 6.42
Mortgage rates make modest move down (Bankrate.com via Yahoo! Finance) The benchmark 30-year fixed-rate mortgage fell 5 basis points, to 6.39 percent, according to the Bankrate.com national survey of large lenders.read more...
Grand jury to probe mortgage scheme A federal grand jury will meet next month to investigate a massive mortgage scheme that's left more than 100 Indianapolis homes in foreclosure and prompted the nation's largest home lender
Walt Pavlo is a one-time senior manager at MCI who ended up in prison ? and he predicts that investment bank executives involved in the subprime mortgage mess will too: ?People are going to go to jail for covering up stuff as it started to go south.?
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