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News about Mortgages:
Fannie Mae relaxing loan downpayment requirements - ForbesNEW YORK, May 16 (Reuters) - Fannie Mae (nyse: FNM - news - people ), the nation's largest U.S. home funding source, is creating a single national standard for down payments on mortgages it buys including areas where home prices are falling, in an ...
Legg Mason funds take more hits - Baltimore SunLegg Mason Inc., which has already committed almost $2 billion to shore up money market funds hit by the mortgage meltdown, will take another hit to bail out investors in closed-end funds hurt by the collapse of the market for so-called auction-rate ...
Secretary Paulson Remarks on Credit Markets and Housing - Washington PostThe Washington Post's annual report on the D.C. area's top businesses. The housing correction began in 2006, and most forecasters expect a prolonged period of adjustment. Four points sum up my current view of the progress of that correction and our ...
So-called jumbo loans still hard to get - ScrippsNewsHigher loan limits, set by the federal government as part of an economic stimulus package early this year, were supposed to make jumbo loans more affordable in expensive housing markets. Rates finally have come down on these so-called "jumbo ...
South Florida foreclosure sales rise dramatically - Fort Lauderdale Sun-SentinelThe housing crunch rages on, as more South Floridians behind on their mortgage payments are losing their homes in foreclosure sales after failing to work out deals with lenders. Scheduled sales in Broward County hit 2,568 last month, more than a ...
Remarks by Secretary Henry M. Paulson, Jr. - U.S. TreasuryWashington - Thank you, Len. Over the last forty years, Washington has transformed into a diverse corporate center. Congratulations to the Post for recognizing this through their annual list of 200. And I am pleased to join you and represent the "old ...
Questions and Answers with Lyne Tracy - Daily OklahomanQ : Interest rates have been at historic lows for a long time now. Why would people refinance now, if they haven't already? A : There are several reasons. Rates for 30-year fixed-rate mortgages are about 0.75 (percentage point) less than they were ...
Hudson City Bancorp, Inc. Reports Record Earnings of $88.7 Million - PR NewswirePARAMUS, N.J., April 22 /PRNewswire-FirstCall/ -- Hudson City Bancorp, Inc. NASDAQ: HCBK, the holding company for Hudson City Savings Bank, reported today that net income for the first quarter of 2008 increased 24.6% to $88.7 million as compared to ...
KKR Financial Announces Resolution of Mortgage-Backed Commercial Paper ... - PR NewswireSAN FRANCISCO, March 31 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC NYSE: KFN (the "Company" or "KKR Financial") announced today that it has entered into an agreement with the holders (the "Noteholders") of the secured liquidity notes, also ...
Woman wants taxes back - Chronicle-TelegramELYRIA — An Eaton Township woman picketed outside the county Administration Building on Monday, demanding that county Auditor Mark Stewart return about $1,300 in property taxes she overpaid in February. CINDY LEISE / CHRONICLE Kristen Pascoe of ...