2908 Stories, most recent news story added Fri Dec 4, 4:38 pm ET
Dec. 4 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities climbed to the highest in a month amid signs the employment market is improving, signaling that interest rates on new home loans may extend a rebound from record lows.
Rates for 30-year mortgage loans hit an all-time record low this week, giving many Clark County Realtors new hope that a fragile recovery under way in the local housing market will continue.
Although the interest rate on a 30-year mortgage is the lowest it has been in almost four decades, it is not the medicine that will revive Inland Southern California's housing market, real estate experts said today.
(AP:WASHINGTON) Banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week. Banks' use of the program has been declining for the last several months, reflecting more stability in the financial system.
The captains of bailed-out companies can't seem to stop bailing out.
WASHINGTON -- The Federal Reserve is fine-tuning a strategy to reel in some of the unprecedented amount of money that's been pumped into the economy during the financial crisis.
MEMPHIS, Tenn. -- Education Realty Trust, Inc. today announced the closing of a $48 million expansion of its existing Fannie Mae master credit facility, provided by Red Mortgage Capital, Inc., a Fannie Mae DUS lender.
New program from Fannie Mae offers one-year leases to homeowners who cannot pay their mortgages, but who do not qualify for loan modifications.
General Motors says it will reconsider its decision to close some dealerships as part of a compromise to scuttle federal legislation that would require it to keep dealerships open. GM says it will conduct face-to-face reviews with dealerships and agree to binding arbitration. The automaker says in some cases, dealerships would regain lost...
Making a case for a second term as head of the Federal Reserve, Ben Bernanke said today that he has the tools and the political backbone necessary to reel in massive economic support once the recovery is firmly rooted.
Dec. 4 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities climbed to the highest in a month amid signs the employment market is improving, signaling that interest rates on new home loans may extend a rebound from record lows.
Houses in foreclosure often sell for 15 to 20 percent less than comparable in the same neighborhood.
Dec. 4 (Bloomberg) -- MGIC Investment Corp. ’s capital- requirements waiver offers a “road map” to save unprofitable mortgage guarantors, Wisconsin Insurance Commissioner Sean Dilweg said.
NEW YORK (Reuters) - U.S. mortgage rates dropped to a record low in the latest week, as rates fell for a fifth straight week, a closely watched mortgage survey showed Thursday.
Dec. 4 (Bloomberg) -- MGIC Investment Corp. ’s capital- requirements waiver offers a “road map” to save unprofitable mortgage guarantors, Wisconsin Insurance Commissioner Sean Dilweg said.
The average interest rate for a 30-year mortgage dropped to a record low of 4.71% this week, pushed down by an aggressive government campaign to reduce borrowing costs.
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