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Pay lenders to stem U.S. foreclosures-report - Reuters
WASHINGTON, Jan 7 (Reuters) - The U.S. government should pay mortgage finance companies to rewrite troubled loans and steer homeowners away from default, according to recommendations from legal and finance scholars released on Wednesday. "(Mortgage ...
Read more...Falling loan rates not falling enough? - Democrat and Chronicle
Mortgage rates have fallen in the past month but should be even lower if they were following interest rates on U.S. Treasury bonds and bills, housing finance experts say. The lower rates have sparked refinancing of home loans in the Rochester area ...
Read more...Credit and Debt - Chicago Tribune
Senate Republicans have killed the bill to provide $14 billion in short term loan funding for the Detroit Three. The fate of America's auto manufacturing sector now hangs by a thread.It's true none of the Detroit Three were in great shape. All have ...
Read more...Big 3 Auto Bailout - Chicago Tribune
The economic turmoil of 2008 has left few bright spots, but here's one: Mortgage rates have plummeted. Rates on 30-year, fixed loans are hovering around 5 percent - the lowest level since Freddie Mac began tracking rates in 1971. Some economists ...
Read more...Mortgage approvals slump to 9-year low - In the News
Find FREE brochures on a variety of financial topics using our brochure finder, including brochures on savings , property and insurance . Mortgage approvals fell to a nine-year low in November, according to new statistics from the Bank of England ...
Read more...Paulson says changes needed at Fannie, Freddie - PR Inside
WASHINGTON (AP) - Treasury Secretary Henry Paulson said Wednesday that allowing mortgage finance companies Fannie Mae and Freddie Mac to return to their old operating ways is not an option. Congress and the next administration must decide the proper ...
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