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MORTGAGE FINANCING The Federal Housing Administration suspended Equitable Trust Mortgage of Baltimore for at least six months effective immediately for overcharging borrowers, the agency announced on Monday.
A quick read on business news for Dec. 8, 2009
On Monday, the Federal Housing Administration started limiting the number of buyers in condo buildings that can get loans insured by the agency. The rules also put restrictions on buildings with poor finances, too many delinquent owners and a high number of rentals.
An industrial city prepares for a visit from Prime Minister Vladimir V. Putin, who has been seen as a savior of factory towns for swooping in to boost local economies.
Fannie Mae will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
The Federal Housing Administration has suspended a Baltimore lending company from originating and underwriting new FHA-insured mortgages because of fee overcharges, the federal agency announced Monday.
While the Obama holiday elves were refurbishing ornaments and harvesting roots from the garden to hang on the White House trees, across the street at Blair House and in Foggy Bottom, a high-voltage Christmas decorating frenzy was on.
NEW YORK The Novel By Edward Rutherfurd Doubleday. 862 pp. $30 Readers who pick up "New York: The Novel" should be warned not to turn the pages asking, "Is it true?" Did Mohawk Indians really put together the steel framework for the Empire State Building back in 1929? Was there actually a famous ...
At Christmastime we hark back to memories of gadgets past -- technological wonders that were the most desired gifts of previous spending seasons: the VCR, the Sony robotic dog, the laptop computer, the iPod and its successors like the Nano and the Touch.
Sweeping regulations to tame Wall Street and protect consumers in dealings with lenders are on the verge of passing the House but their fate is hardly sealed.
Federal regulators on Monday accused three former top executives of collapsed mortgage lender New Century Financial Corp. of fraud, saying they misled investors and inflated profits as the company's subprime loan business was failing in 2006.
Rex Ryan tried to cover up his happiness with some out-of-character coachspeak. Sure, a few teams in the AFC playoff mix lost and helped improve the New York Jets' chances, but Ryan isn't concerned about all that, right? "All I'm worried about is this next game that we play," Ryan said Monday.
The $700 billion Troubled Asset Relief Program has been flexible enough to boost bank capital, bail out Detroit automakers and AIG, and encourage mortgage modifications. But no reading of TARP is broad enough to authorize funds for roads or aid for state budgets -- unless Congress amends it.
Fannie Mae: Three- and six-month benchmark bills are auctioned on a weekly basis. One-year bills are auctioned once a month. Every Monday, an announcement is made and on Wednesday the auctions are held. Settlement usually scheduled for Wednesday or Thursday.
A construction boom in Morocco comes after an ambitious plan launched by the king almost a decade ago to increase tourism by enhancing infrastructure and ratcheting up promotion.
Three former executives at now-bankrupt lender New Century Financial Corp were charged with fraud by U.S. securities regulators on Monday, the latest government effort to pursue wrongdoing in the subprime mortgage market.
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