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Bush green-lights housing bill - CNN Money
NEW YORK (CNNMoney.com) -- President Bush dropped his threat Wednesday to veto a sweeping housing bill that will offer up to $300 billion in assistance to troubled homeowners and throw government support behind mortgage finance giants Fannie Mae and ...

U.S. races to ease mortgage meltdown, passing aid bill - Detroit Free Press
WASHINGTON -- Far-reaching housing assistance that could provide a boost to metro Detroit's struggling home market -- with tax credits for first-time buyers and an expansion of federal programs to protect owners from losing their homes -- cleared the ...

Jobless claims jump as housing market gets weaker - Miami Herald
WASHINGTON Two cornerstones of the economy - jobs and housing - sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record. The bleak reports underscored the self-reinforcing ...

Firstbank Corporation Announces Second Quarter and Year-to-Date 2008 ... - MSN MoneyCentral
Highlights Include: ----- * Second quarter net income of $292,000 and earnings per share of $0.04 remain positive in spite of previously announced increased expense * Economic conditions in Michigan and nationally continue to create ...

National City has $1.76 bln loss on loan write-offs - Forbes
NEW YORK (Reuters) - Regional bank National City Corp (nyse: NCC - news - people ) posted a $1.76 billion second-quarter loss Thursday, hurt by soaring mortgage and real estate construction loan losses and a write-down for acquisitions. The fourth ...

Housing bill won't solve market's problems - Miami Herald
In this July 2, 2008 file photo, a bank owned home is seen for sale in Sacramento, Calif.. Rescue legislation sailed through the House Wednesday, July 23, 2008, aimed at helping 400,000 strapped homeowners avoid foreclosure and to prevent troubled ...

1st Source Corporation Reports 2nd Quarter Earnings, Dividend ... - MSN MoneyCentral
1st Source Corporation SRCE , parent company of 1st Source Bank, today reported net income of $7.25 million for the second quarter of 2008 compared to the $8.06 million reported in the second quarter of 2007. For the first six months of 2008, net ...

U.S. Economy: Home Resales Decline to 10-Year Low (Update1) - Bloomberg
July 24 (Bloomberg) -- Sales of previously owned U.S. homes fell in June to the lowest level in a decade as tumbling real- estate prices and consumer confidence signaled no end in sight to a housing recession now in its third year. Resales dropped 2 ...

U.S. Economy: Sales of Existing Homes Decline to 10-Year Low - Bloomberg
July 24 (Bloomberg) -- Sales of previously owned U.S. homes fell in June to the lowest level in a decade as tumbling real- estate prices and consumer confidence signal no end in sight to a housing recession now in its third year. Resales dropped 2.6 ...

Edwards: The Agony of the MSM - Slate
Nibbling at the edges of the MSM: Imus laments that the Edwards L.C. story is "starting to become news." ... And there's always the late-night comics' rabbithhole into public consciousness . ... But the MSM wants photos Dallas Morning News' Rod ...

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Today's Mortgage Terms starting with G

  • Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.
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