Mortgage Woes - BusinessWeek
March 24 - With several housing numbers this week pointing to a further decline in real estate, we take the pulse of the mortgage market and the impact of subprime loans on the industry and on anyone looking to refinance or buy a home. We talk with a …
Lehman, Merrill Woes Sting […]
October 09 2008 | Homes Mortgages and Loans in the news | No Comments »
Bank of America Bails out Countrywide Mortgage Loan Borrowers
Back in July, Bank of America acquired Countrywide — and a pile of debt and subprime mortgages about to go into foreclosure. However, thanks to a settlement reached, mortgage loan borrowers in all 50 states will receive the benefit of Bank of America’s stability and buying power. […]
October 07 2008 | Homes Mortgages and Loans in the news | No Comments »
Big homeowner rescue program kicks off - San Francisco Gate
Thursday, October 2, 2008 The Hope for Homeowners program, or H4H, passed as part of a housing reform bill in July, authorizes the Federal Housing Administration to help troubled homeowners refinance into 30-year fixed-rate mortgages. The actual …
Federal agency offers help fending off foreclosure - Boston […]
October 02 2008 | Homes Mortgages and Loans in the news | No Comments »
Mortgage aid program launches - CNN Money
WASHINGTON (AP) — The government kicked off a program Wednesday that aims to prevent foreclosures by letting an estimated 400,000 troubled homeowners swap their mortgages for more affordable loans. Lenders, rather than borrowers, will decide whether …
The other housing rescue starts today - CNN Money
NEW YORK (CNNMoney.com) — Amidst […]
October 01 2008 | Homes Mortgages and Loans in the news | No Comments »
Fannie, Freddie takeover drops mortgage rates - Baltimore Sun
WASHINGTON - Mortgage rates fell sharply yesterday as investors reacted to the government’s takeover of Fannie Mae and Freddie Mac . The average interest rate for a 30-year fixed rate mortgage dropped 0.3 percent to 6.04 yesterday, according to HSH …
UPDATE 2-U.S. court sides with bank in […]
September 25 2008 | Homes Mortgages and Loans in the news | No Comments »
Dems: Don?t Forget Homeowners with $700 Billion Bailout Plan
The political maneuvers have begun. Rather than just shoving the $700 billion bailout plan through like the Treasury and the rest of the Bush Administration wants, some members of Congress are asking some questions about what the bailout does.
Should it just be for Wall Street? Is there […]
September 23 2008 | Homes Mortgages and Loans in the news | No Comments »
A mini-surge in refinance - Herald Tribune
Homeowners rushed to take advantage of last week’s drop in interest rates following the government’s takeover of Fannie Mae and Freddie Mac, but rates are rising again on investor fears over the eroding conditions in financial markets. The average …
Mortgage Rates Slide, But Not Enough to Spur Buying - […]
September 18 2008 | Homes Mortgages and Loans in the news | No Comments »
Bank of America Buys Merrill Lynch
Even as Lehman Brothers files for bankruptcy, Bank of America has turned its sights on Merrill Lynch, buying it out for close to $50 billion. Bank of America has, indeed, created a reputation for itself as a kind of savior, especially since its earlier acquisition of embattled mortgage lender Countrywide.
And […]
September 16 2008 | Homes Mortgages and Loans in the news | No Comments »
What Does the Fannie/Freddie Takeover Mean for You? - BusinessWeek
The Federal National Mortgage Association ( FNM ), nicknamed Fannie Mae, was a depression-era institution created to make homeownership affordable for the working-class. Freddie Mac ( FRE ) was created in 1970 to provide liquidity, stability and …
Mortgage applications up - Reuters
NEW YORK (Reuters) - The […]
September 11 2008 | Homes Mortgages and Loans in the news | No Comments »
Islamic Bond Decree Cripples Sukuk, Imperils Projects (Update2) - Bloomberg
Sept. 3 (Bloomberg) — The fastest-growing part of the global bond market is faltering, and it has nothing to do with subprime mortgages or the credit crunch. Sales of Shariah-compliant debt, which financed Dubai’s Palm development, the world’s …
Rights groups faults Wachovia’s mortgage aid - San […]
September 04 2008 | Homes Mortgages and Loans in the news | No Comments »
