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Hurricane Watch 2009
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Mortgage Banking & Lending
Dodd's Quarterback Sneak
  March 12, 2010 By: Forbes Is the financial reform effort in the Senate doomed? For the second time, talks on a bipartisan bill in the Senate Banking Committee collapsed, with members divided over the same sticking points that have festered since a bill was first introduced in November, including the details of a consumer fin...
Mortgage Rates Drop Slightly in Freddie Mac Weekly Survey
 March 12, 2010 By: Freddie Mac McLean, VA – Freddie Mac (NYSE:FRE) hasreleased the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.95 percent with an average 0.7 point for the week ending March 11, 2010, down from last week when it averaged 4.97 percent. Last year ...
The Subprime Lending Business Survives, Even Thrives
March 11, 2010
By: Time
Poor credit? It's still no problem for some lenders. The financial crisis was supposed to ring the death knell for companies that make loans to people who have had problems with debt. But a year and a half later, so-called subprime lending is alive and well. What's more, fears that increased regulat...
Borrower's dilemma: pay credit card bill or mortgage?
 March 11, 2010 By: Statesman.com - Texas CHICAGO — U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit card obligations. However, a potentially alarming trend is emerging: A small but growing number of people are skipping mortgage payments in favor of paying their credit card b...
Can Citigroup Home Loan Modification Program Help Underwater Borrowers?
 March 11, 2010 By: Red, White and Blue Press Citigroup has enjoyed a great deal of success in the Making Home Affordable Program as they have put half of the homeowners that potentially qualify into either a trial modification or a permanent modification. However, there remain troubles and frustrations with homeowners who are either having a ...
Foreclosures leveling off
 March 11, 2010 By: CNN Money The national foreclosure rate fell 2% in February from a month earlier, according to an industry report released Thursday, the latest sign that the pace of foreclosures is slowing. In January, the foreclosure rate had fallen 10% from December, according to RealtyTrac. And though foreclosures were up...
Analyst bashes AG Cuomo on CNBC
March 10, 2010
By: LegalNewsline.com
NEW YORK (Legal Newsline) - Criticism of New York Attorney General Andrew Cuomo has hit the television airwaves, with a banking analyst calling him the "father of the subprime crisis." Dick Bove's opinion of Cuomo's time as secretary of the Department of Housing and Urban Development joined those...
Life Plan: Make Your Home Pay Off
March 10, 2010
By: Smart Money
Bob and linda gillett enjoy taking cruises to Europe and going out for nice dinners in their San Diego neighborhood. But unlike some of their fellow retirees, they don't have to strain financially to indulge themselves.
Federal Home Loan Bank of Dallas Announces $18.6M in Affordable Housing Program Grants
March 10, 2010
By: Benzinga
DALLAS -- The Federal Home Loan Bank of Dallas (Bank) is pleased to announce that it has $18.6 million in Affordable Housing Program (AHP) grants available in 2010. The Bank's AHP is a competitive grant program that operates through the Bank's member financial institutions. It is designed to assist ...
Treasury Assistant Secretary Barr Remarks Before National Council of State Housing Agencies
March 10, 2010
By: US Treasury
The Administration has taken broad action over the past year to stabilize the housing market and help American homeowners. And the housing finance agencies are playing an important role in these efforts. |
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