Mortgage bailout could put nation's credit rating at risk, report says (St. Louis Post-Dispatch) WASHINGTON (AP) -- A deep recession could force mortgage-finance titans Fannie Mae and Freddie Mac to require a federal bailout large enough to hurt the U.S. government's top-grade credit rating,
EBS study shows stress of first-time buy A survey of first-time property buyers by EBS today revealed high levels of stress for individuals and couples engaged in the process.read more...
Paulson Hedge Funds Cut Subprime-Mortgage Bets, Extend Gains (Bloomberg.com) Nov. 1 (Bloomberg) -- Paulson & Co. scaled back bets against subprime-mortgage securities, recording investment profits that helped the New York-based hedge-fund manager double assets to $24 billion this year.read
Fed Cuts Key Rate By Quarter-Point "Financial markets remain under considerable stress and tight credit conditions and deepening housing contractions are likely to weigh on economic growth over the next few quarters" The Federal Reserve
Luminent Mortgage Capital Says Two Lenders Sent Default Notices (Bloomberg.com) Aug. 8 (Bloomberg) -- Luminent Mortgage Capital Inc., the mortgage investment company that canceled its dividend after bankers demanded more collateral, received default notices from two unnamed ``repo lenders.''read more...
The New Who's Who Of Furniture Designers We bring you eight young stars to watch. They have the big ideas and the point of view, but they never forget that a chair is something you have to
Whether working with a raw space or updating a roomA1s dA©cor, the 2007 Architectural Digest Home Design Show, will feature the latest products from leading names and up-and-comers in home furnishings.
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Home Depot, known for breakneck growth during much of its history, is shelving wide-eyed projections to focus instead on a major fix-up job within its retail business.
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STAMFORD - Donors gave Renee and Eric Brown more than $17,000 to pay for construction that would make their home accessible for their wheelchair-bound son, Eric Jr.
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Tax preparers like to call the Taxpayer Relief Act of 1997 , the “The Tax Preparers’ Full-Employment Act” because it came with a complicated new round of tax rules.
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In case anyone was feeling lulled into positive territory by yesterday’s report of gains in existing-home sales, today’s numbers on new-home sales will have knocked them out of their easy chairs.
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U.S. banking regulators plan to issue eagerly awaited guidance on the subprime mortgage market as early as Thursday afternoon, two sources familiar with the matter told Reuters on Wednesday.
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The U.S. and Chinese stock exchanges returned to a semblance of normalcy Wednesday, but concerns about both economies linger following the worst global sell-off of stocks in more than five years.
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(ARA) – With gas prices in a state of constant flux, and warnings that energy costs will be on the rise this winter, the last thing you want to happen is for your mortgage to start fluctuating too. But if you have an adjustable rate mortgage (ARM), it will soon happen.
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NEW YORK——Fitch rates Lehman Mortgage Trust $314.8 million mortgage pass-through certificates, series 2007-2, as follows: $291.3 million classes 1-A1, 1-A2, 2-A1 through 2-A13, and R ‘AAA’; $6.2 million class M ‘AA+’; $8.8 million classes B1 and BIO1 ‘AA’; $3.2 million classes B2 and BIO2 ‘A’; $2.4 million class B3 ‘BBB’; $631,000 class B4 ‘BBB-’; $1.1 million class B5 ‘BB’; $1.3 million class …
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PORTLAND, Ore.——Fog Cutter Capital Group Inc. announced that its wholly owned subsidiary, Fog Cap Commercial Lending Inc., has sold its mortgage brokerage unit, George Elkins Mortgage Banking Company.
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