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News about Mortgages:
Financial industry lobbyists urging Treasury to take steps to lower ... - Orlando SentinelWASHINGTON (AP) _ Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Scott Talbott of the Financial Services Roundtable says that under the proposal ...
Mortgage delinquencies shoot up to nearly 4 percent in 3Q, nearly ... - Orlando SentinelNEW YORK (AP) _ The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC. For the quarter ended Sept. 30, 3.96 percent of ...
Bernanke: Lower interest rates 'feasible' - Santa Cruz SentinelWASHINGTON — Federal Reserve Chairman Ben Bernanke said today that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year. The Fed ...
Mortgage rates dropping - Herald TribuneThe government's $800 billion attempt to resuscitate credit and housing markets is being felt in Southwest Florida -- especially in mortgage rates. On Monday, rates on a 30-year, fixed-rate loan were hovering as low as 5.38 percent. Brokers expect ...
Peter Boutell, Lending a Hand: Freddie Mac and Fannie Mae announce the ... - Santa Cruz SentinelThe mortgage professionals on the front lines, those of us meeting with prospective homebuyers and originating mortgages, are greeting the details of the 2009 conforming limits as a mixed blessing. The ones making the rules had an opportunity to ...
Bush administration failed to stop economic meltdown - Grand Junction Daily SentinelWASHINGTON (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 ...
Stocks end biggest 5-day run since 1933, but volume light - Fort Lauderdale Sun-SentinelNEW YORK - Wall Street's major stock indexes rose again Friday, wrapping up their biggest five-day rally in more than 75 years. On the short trading day, investors snapped up the battered shares of blue-chip stalwarts Citigroup Inc. , General Motors ...
Crist says banks being asked to temporarily stop foreclosures - Fort Lauderdale Sun-SentinelTALLAHASSEE - Gov. Charlie Crist said today that bankers and mortgage lenders in Florida have agreed to ask their members to voluntarily stop filing new foreclosure petitions and scheduling foreclosure sales for resident homeowners over the next 45 ...
Trustee alleges brokers bribed fund manager - CNN MoneyNEW YORK (Fortune) -- A lawsuit filed in the wake of the spectacular explosion of a once-sleepy cash management firm in the summer of 2007 is pointing to a corrupt business relationship between its head trader and some brokers as the basis for its ...
Will my house in Lodi sell before my grandkids graduate from high ... - Lodi News-SentinelEvery day, I ask myself which will happen first. Will my grandchildren, now ages 11 and nine, graduate from high school, or will I sell my Lodi house? I'm leaning ever so slightly to unloading my house. But my position shifts daily, so check back ...
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