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Freddie Mac, the mortgage-finance company under government control, said defaults among its loans rose to a record 3.54 percent last month, while its portfolio of residential assets fell at an annualized rate of 21.6 percent.
Dubai seeks debt payment deal ... Fannie Mae to tighten lending standards ... South Korea to raise tariff-free quota ... Canadian gold miners fight foreign bill ... News from United Press International.
(AP:LONDON) The London Stock Exchange PLC halted trading for three and a half hours on Thursday because of a technical glitch that prevented some customers from connecting to its systems.
WASHINGTON, Nov. 26 (UPI) -- Fannie Mae, the giant mortgage finance company that helps shape lending guidelines, plans more crackdowns next month to further tighten lending practices.
The zero-interest-rate policy of the Fed is sold to the public as a benign economic rescue in the public interest. The stark reality is that this policy is a disguised tax implemented by the Fed. It takes income from savers and hands it as a subsidy to borrowers.
Integrity is that dependability at the heart of relationships and corporate trust.
Trading on the London Stock Exchange resumes after glitches force a halt lasting more than three hours.
Nearly one-third of Greeley-area homeowners owed more on their mortgage than the home was worth as of September, according to numbers reported this week by Santa Ana, Calif.-based real estate analysts American First CoreLogic. However, industry experts say this isn't as bad as it may sound. Nationwide, about one in four borrowers were "under water" on their mortgage. According to the numbers ...
The average rate on a 30-year fixed-rate mortgage fell to 4.78% in the week that ended Wednesday, matching a record set in April, Freddie Mac says. You could say Christmas has arrived early for people shopping for a home loan, with mortgage rates at or near record lows.
Fannie Mae plans to raise minimum credit score requirements next month and limit the amount of overall debt that borrowers can carry relative to their incomes, The Washington Post reported on Thursday.
30-year mortgage rates fallAverage rates for 30-year fixed mortgages fell this week, matching a record low set last spring and more than a full percentage point below what they were a year ago, Freddie Mac said Wednesday.The rate averaged 4.78 percent this week, down from 5.97 percent a year earlier and from 4.83 percent last week. On a $200,000 mortgage, the lower year-over-year rate translates ...
It was cheaper to buy a house again this week as the average 30-year, fixed mortgage rate hit the lowest level in nearly seven months, according to mortgage giant Freddie Mac .
Single-family home prices in California rose for the eighth consecutive month in October.
Nov. 25 (Bloomberg) -- Fixed 30-year mortgage rates dropped for a fourth consecutive week, matching a record low set in April, in a decline that may further support increasing sales in the battered housing market.
Walgreens EXECUTIVES: Kathleen Wilson-Thompson has been named senior vice president and chief human resources officer, and Charles Greener has been named to the new position of vice president of corporate affairs and communications at Deerfield-based Walgreens. They will join the company Jan. 4. Wilson-Thompson, 52, is currently senior vice president of global human resources at Kellogg Co ...
McLEAN, Va. (AP) — Average rates for 30-year fixed mortgages fell this week, matching a record low set last spring and more than a full percentage point below what they were a year ago, Freddie Mac said Wednesday. Rates for 30-year mortgages averaged 4.78 percent this week, down from 4.
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