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News about Mortgages:
AP IMPACT: They warned us, but US eased loan rules - Associated PressWASHINGTON (AP) -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably ...
Homeowners being warned of mortgage relief scams - Courier NewsELGIN -- With the national home delinquency rate setting a new record in the second quarter of this year and foreclosures tripling since the housing boom ended in 2005, small wonder that financially strapped homeowners are desperate for financial ...
Bush ignored financial warnings - Edmonton SunWASHINGTON -- The Bush administration ignored remarkably prescient warnings that foretold the financial meltdown, a review of regulatory documents shows. "Expect fallout, expect foreclosures, expect horror stories," California mortgage lender Paris ...
Michigan tries to slow foreclosures - Detroit NewsLANSING -- Scrambling to do something about Michigan's rampant home foreclosure problem before the holidays, Gov. Jennifer Granholm and lawmakers are working on a flurry of bills to ease the squeeze on cash-strapped homeowners. Various measures would ...
Stocks Advance on News of Fed Plan - CNBCThe U.S. central bank said it would buy up to $100 billion in debt issued by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, the government-sponsored mortgage finance enterprises. The Fed also said it would buy up to $500 billion in ...
Stocks in U.S. Drop as Tech Concern Overshadows Fed Loan Plan; Cisco ... - BloombergNov. 25 (Bloomberg) -- U.S. stocks declined as concern the recession is reducing sales of computer products overshadowed an $800 billion Federal Reserve plan to help resuscitate lending. Hewlett-Packard Co. lost 7.1 percent, and Cisco Systems Inc ...
European, U.S. Stocks Advance; JPMorgan, UBS, Barclays Climb - BloombergNov. 25 (Bloomberg) -- European stocks rose for a second day and U.S. shares gained for a third day after the Federal Reserve announced new efforts to unfreeze credit for homebuyers, consumers and small businesses. JPMorgan Chase & Co. jumped 6.4 ...
U.S. to give $800B for loan programs - Durango HeraldBy Beth Fouhy and David Espo Associated Press Writers CHICAGO - The economy growing weaker, President-elect Barack Obama said Tuesday that recovery efforts will trump deficit concerns when he takes office in January. Yet he pledged a "page-by-page ...
AIG sells private bank to Abu Dhabi firm for $254m - Boston GlobeAmerican International Group , the insurer bailed out by the US government, agreed to sell a bank unit catering to wealthy clients in Asia and the Middle East to Abu Dhabi-based Aabar Investments PJSC for $254 million. The payment for AIG Private ...
Wall Street pulls back after big 2-day rally - Biloxi Sun HeraldNEW YORK -- Wall Street sold off Tuesday as investors, while heartened by government plans to aid consumer lending companies, cashed in some of their winnings after a huge two-day rally. Some selling was widely expected after the market's major ...
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