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News about Mortgages:
AmEx rates credit risk by where you live, shop - MSNBCAs the global credit crunch reaches from Wall Street to Main Street, guilt by association has become a tool for evaluating the creditworthiness of American Express customers. Among other criteria, cardholders are seeing limits reduced because of ...
Gov't launches mortgage aid program - Boston GlobeWASHINGTON— The government kicked off a program Wednesday that aims to prevent foreclosures by letting an estimated 400,000 troubled homeowners swap their mortgages for more affordable loans. Lenders, rather than borrowers, will decide whether to ...
BLAME BARACK FOR ME$$: MAC - New York PostJohn McCain went nuclear on Barack Obama yesterday, charging that the Illinois Democrat "abetted" the mortgage meltdown. McCain's harshest attacks on Obama's readiness for the White House came on another disastrous day on Wall Street, with stocks ...
BofA shares drop close to 10 percent on capital raise - Washington PostResize NEW YORK (Reuters) - Shares of Bank of America Corp (BAC.N) fell almost 10 percent on Tuesday, a day after the bank said it would cut its dividend and raise $10 billion to offset rising loan losses. The bank, which swallowed mortgage giant ...
New mortgage help program launched by government as foreclosure crisis ... - Baltimore SunWASHINGTON (AP) _ The government is kicking off a program that aims to prevent foreclosures by letting an estimated 400,000 troubled homeowners swap their mortgages for more affordable loans. Lenders, rather than borrowers, will decide whether to ...
Fannie Mae - Chicago TribuneWASHINGTON (AP) _ The now-bankrupt investment bank Lehman Brothers arranged millions in bonuses for fired executives as it pleaded for a federal lifeline, lawmakers learned Monday, as Congress began investigating what went so wrong on Wall Street to ...
Global Crisis Could Reverse Years of Growth - Washington PostLast week, the nation's political leaders said the financial system would collapse unless they passed a $700 billion rescue package for Wall Street . On Monday, the first day of trading after the plan passed, the financial system continued to melt ...
Mortgage relief deal - Batavia SunNearly 11,000 Illinoisans with Countrywide mortgages -- most of them in the Chicago area -- are expected to get help to avoid foreclosure after Countrywide's new owner, Bank of America, agreed to an $8.7 billion settlement with Illinois and 10 other ...
America's Fastest-Selling ZIP Codes - ForbesAs credit tightens , job losses and foreclosures mount and stocks see-saw, getting a mortgage is the last thing on many Americans' list of things to do this year. That's not the case for home buyers in Cold Spring Harbor, N.Y. (population: 4,975 ...
An economy on the edge - Detroit Free PressAre we looking at a bear market at its worst? Or will it get even uglier? Who really knows? "How do you get rid of fear?" one economist asked. Stocks headed for a higher open while credit markets remained strained today ahead of an expected House ...
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