| Source: Reuters
The US Treasury will announce new measures Monday to force lenders and companies that process monthly mortgage payments to rework troubled home mortgage loans.
Thursday, 26 Nov 2009 | Source: Reuters
The U.S. central bank is going to the Big Screen to counsel consumers about how to use their credit cards wisely during the holiday shopping season.
Wednesday, 25 Nov 2009 | Source: CNBC.com
A Suffolk judge cancelled $525,000 in mortgage payments being demanded by California bank OneWest and its IndyMac mortgage division, criticizing its "harsh, repugnant, shocking and repulsive" behavior, the New York Post reported Wednesday.
Wednesday, 25 Nov 2009 | Source: Reuters
Rates on 30-year mortgages dropped in the past week to match a record low set in April, while the 15-year home loan rate fell to a new all-time low, home funding company Freddie Mac said on Wednesday
Wednesday, 25 Nov 2009 | Source: The Associated Press
Sales of new homes rose last month to the highest level in more than a year as strong activity in the South made up for weakness in the rest of the country.
Wednesday, 25 Nov 2009 | Source: Reuters
Demand for U.S. home loans slipped last week even as mortgage rates hovered near record lows, the Mortgage Bankers Association said on Wednesday.
Wednesday, 25 Nov 2009 | Source: The Associated Press
Sales of new homes are expected to post a modest increase in October, reinforcing data this week that showed the real estate market is regaining its footing after a dramatic collapse.
Over 500 people piled into a hotel ballroom in Manhattan this past weekend hoping to snag a cheap luxury condominium at the first auction of its kind in New York City.
Monday, 23 Nov 2009 | Source: Reuters
Sales of previously owned homes jumped in October to the highest level in more than 2-1/2 years as buyers rushed to take advantage of a popular tax credit, a survey showed.
Monday, 23 Nov 2009 | Source: The New York Times
The ultralow interest rates the U.S. has been paying on its colossal debt may not last much longer, and the White House estimates that the tab will exceed $700 billion a year in 2019, the New York Times reported.
Sunday, 22 Nov 2009 | Source: The New York Times
As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess.
Friday, 20 Nov 2009 | Source: The New York Times
Designed to help low-income people afford to buy houses, the Federal Housing Administration's is now insuring houses for increasingly well-off buyers, says the New York Times.
Friday, 20 Nov 2009 | Source: Reuters
D.R. Horton, the No. 2 U.S. homebuilder, reported a much larger-than-expected quarterly loss on Friday, sending its shares down nearly 7 percent even though it also said orders increased.
Thursday, 19 Nov 2009 | Source: Reuters
Rates on 30-year fixed-rate mortgages dropped to their lowest levels since May, Freddie Mac reported on Thursday.
The auctions are seen as both a way to attract bargain-hunting buyers still on the fence on whether to buy and get the condos sold quickly.
Posts |
TOPIC : Mortgages
19 Nov 2009
While you may think the economy is improving a bit -- and that government assistance has had an impact -- the foreclosure crisis is not.... Read More
4 Nov 2009
An interesting article in the Wall Street Journal today about Wells Fargo & Co... Read More
3 Nov 2009
Posted By:CNBC Guest Blog
The most commonly misunderstood narratives emerging from last year’s financial upheaval are that the crisis was caused by big banks, and that the crisis started with the failure of one big bank in particular – Lehman Brothers... Read More
2 Nov 2009
Posted By:CNBC Guest Blog
When Larry Summers, the President's Director of the National Economic Council, convenes the Obama administration's top economic officials this afternoon, they'll have no shortage of issues on the agenda: job losses, tepid growth, skyrocketing deficits, a weakening dollar, and tax increases just to name a few.... Read More
VIDEO | TOPIC : Mortgages
A check on the housing market and debating whether there is a recovery, with Joseph LaVorgna, Deutsche Bank; Mort Zucker...
Assessing whether the opportunity to invest in gold has passed, with Jeffrey Christian, CPM Group.
"It's been the mortgage business that has held the (UK housing) market back. People haven't been able to buy and I suspe...
Josh Kosman, author of 'The Buyout of America: How Private Equity Will Cause the Next Great Credit Crisis,' and the NY P...
Another 20% decline in the UK housing sector is "certainly not beyond the realms of possibility," Andrew Clare from Cass...
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