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Long bond may bring 50-year mortgages The Treasury Department's resumption of 30-year bond sales could have an interesting impact on the home mortgage market, with lenders offering more 40-year loans and maybe even 50-year mortgages for
GMAC loans ResCap mortgage unit $468 million (INO News) (AP:MINNEAPOLIS) Mortgage lender Residential Capital has already tapped much of a new $750 million line of credit offered by its parent GMAC. Bloomington-based ResCap has serious financial problems because it
AG shuts down development "Of course, the community is concerned, and people who worked out there are concerned about if they will be paid." Attorney General Roy Cooper has shut down the Village
Economic sprint running out of puff Economic growth over the next two years will be significantly weaker than was expected prior to the election just four months ago, the Treasury says.read more...
American Mortgage funds $1.2 billion in November (San Diego Daily Transcript via Yahoo! News) American Mortgage Network, a nationwide mortgage bank headquartered in San Diego, reported Tuesday that it funded $1.2 billion of mortgage loans in November compared to $864 million in November
Housing market slowdown continues "However, inflationary concerns are likely to limit the pace of Bank of England interest rate cuts, so no more than a 25 basis point cut to 5.25% seems likely next