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 mortgage loan case – Reuters
NEW YORK, Sept 24 (Reuters) – A lawsuit brought by a Wisconsin couple who accused a bank of deceptive lending practices and wanted to cancel their home loan has been stripped of class-action status in a victory for U.S. banks. In a 2-to-1 decision, a …
Court sides with bank in mortgage loan case – Reuters
NEW YORK (Reuters) – A lawsuit brought by a Wisconsin couple who accused a bank of deceptive lending practices and wanted to cancel their home loan has been stripped of class-action status in a victory for U.S. banks. In a 2-to-1 decision, a panel of …
More aid is sought to save homes – Miami Herald
Amid the frantic efforts to craft a rescue plan for the country’s battered financial sector, consumer groups are demanding that homeowners bearing the brunt of the foreclosure crisis also be thrown a lifeline in the proposed $700 billion bailout …
U.S. court sides with bank in mortgage loan case – Forbes
NEW YORK (Reuters) – A lawsuit brought by a Wisconsin couple who accused a bank of deceptive lending practices and wanted to cancel their home loan has been stripped of class-action status in a victory for U.S. banks. In a 2-to-1 decision, a panel of …
FDIC May Need $150 Billion Bailout as Local Bank Failures Mount – Bloomberg
Sept. 25 (Bloomberg) — Deborah Horn tugs on the handle of the glass-paned entrance of the IndyMac Bancorp Inc. branch in Manhattan Beach, California. The door won’t budge. The weekend is approaching, and Horn, 44, the sole breadwinner in a family of …
LandAmerica Warranted Valuation Solution Selected by Flagstar Bank – Forbes
RICHMOND, Va., Sept. 24 /PRNewswire-FirstCall/ — LandAmerica Financial Group, Inc. (NYSE: LFG) has been selected by Flagstar Bank as a primary national provider of warranted valuations. Warranted valuations are an optional solution lenders use to …
Analysis: Bush holds Washington blame-free for US standing at brink of … -…
WASHINGTON (AP) _ How did it happen, America’s grave financial crisis? President Bush offered a bunch of explanations but held Washington completely blameless, painting a picture of a government standing innocently on the sidelines as the economy …
Analysis: Bush holds Washington blame-free – Miami Herald
WASHINGTON — How did it happen, America’s grave financial crisis? President Bush offered a bunch of explanations but held Washington completely blameless, painting a picture of a government standing innocently on the sidelines as the economy went …
President George W. Bush’s speech to the nation on the economic crisis – Inte…
Following is a transcript of President George W. Bush’s address to the nation Wednesday evening, as recorded by by CQ Transcriptions: Good evening. This is an extraordinary period for America’s economy. Over the past few weeks, many Americans have …
