Mortgages and Loans help
NEW YORK | Wall Street bounded higher Wednesday after the Federal Reserve assuaged some of investors’ fears about a sinking economy, stating that risks to the financial markets from the summer’s credit crises have eased. more»
The New York state attorney general plans to announce a “major development” on Thursday morning in an ongoing investigation of the mortgage industry his office said on Wednesday.
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A new mortgage industry coalition aimed at helping homeowners avoid foreclosure said Wednesday it plans to send more than 200,000 letters next month to borrowers in danger of default.
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The Greater New Orleans Food Bank presented each attending family with a week’s worth of food as part of a grant from Kraft Foods and the 27-foot long Oscar Mayer Wienermobile made a special visit. via PR-inside.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.
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U.S. mortgage rates are near a six-month low, Freddie Mac, the government-backed home lending corporation, said in its weekly report Thursday.
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CHICAGO (MarketWatch)—Mortgage rates dropped to near six-month lows this week, driven down once again amid continued market concerns of weaker economic growth and further declines in the housing market, Freddie Mac’s chief economist said Thursday.
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The husband of former Jackson County Executive Katheryn Shields testified Thursday in a federal mortgage fraud trial.
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“The home equity business isn’t going to be a growth business”
The interest rate cut Wall Street believes will buffer the economy from housing market woes is unlikely to boost hard-hit banks and home builders much in the near term, analysts say. via The Globe and Mail
MUMBAI: Shortly after the country’s largest lender State Bank of India (SBI) announced its foray into the reverse mortgage loan market, Central Bank of India on Thursday said it would also enter the business soon.
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