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A collection of news and information related to Mortgages published by Tribune Company sources.
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Face of Wall Street may change with shareholders vote on Bank of America-Merrill merger Friday
AP Business WriterCHARLOTTE, N.C. (AP) — When shareholders vote on Bank of America Corp.'s acquisition of Merrill Lynch & Co. on Friday, they are expected to transform the bank into a business befitting its name and change the face of Wall Street. The shotgun deal,...Tags: Financial and Business Services, LaSalle Bank, Financial Services, Business Enterprises, Banking
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Bernanke wants foreclosure relief; economy sinks deeper as layoffs mount, retails sales tumble
AP Economics WriterWASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession. Beaten-down...Tags: Financial and Business Services, Employment, Ben Bernanke, Wachovia Corp., General Motors Corp.
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Democrats want a more assertive Obama
Associated Press WriterDemocrats are growing impatient with President-elect Barack Obama's refusal to inject himself in the major economic crises confronting the country. Obama has sidestepped some policy questions by saying there is only one president at a time. But the...Tags: Financial and Business Services, Christopher Dodd, Hartford (Hartford, Connecticut), 2009 U.S. Presidential Transition, Chicago Mortgages
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Mortgage rates drop to lowest since January amid new government effort to aid mortgage lending
AP Real Estate WriterWASHINGTON (AP) — Rates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market. Mortgage finance giant Freddie Mac reported Thursday that average...Tags: Financial and Business Services, Fannie Mae, Ben Bernanke, Freddie Mac, Credit Ratings
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Home mortgage rates fall, but worries remain about corporate bonds and commercial real estate
AP Business WriterNEW YORK (AP) — Rates may be falling for residential mortgages and the securities backed by them, but there hasn't been a similar loosening in other strained areas of the credit markets. Rising rates on corporate bonds and commercial mortgage-...Tags: Financial and Business Services, Fannie Mae, Freddie Mac, Credit Ratings, Wages and Pensions
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Treasury's Kashkari says government considering plan to help lower mortgage rates
AP Economics WriterWASHINGTON (AP) — The head of the government's financial system rescue effort said Thursday the Treasury Department is considering a program to encourage banks to make mortgage loans at low rates to help revive the battered housing market. Under...Tags: Financial and Business Services, Richard Durbin, Fannie Mae, Ben Bernanke, Freddie Mac
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Bernanke calls for more action to stem foreclosures, outlines options
AP Economics WriterWASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles. Although a flurry of actions have been...Tags: Financial and Business Services, Fannie Mae, Ben Bernanke, Freddie Mac, Foreclosures
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Bernanke: more action needed to cut foreclosures
Associated PressFederal Reserve Chairman Ben Bernanke called on the government today to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles. Although a flurry of actions have been taken to ease the housing...Tags: Financial and Business Services, Fannie Mae, Ben Bernanke, Freddie Mac, Foreclosures
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Plan to lower mortgage rates highlights increased role of Uncle Sam in providing home loans
AP Business WritersWASHINGTON (AP) — If you're looking for a mortgage, Uncle Sam may be the only game in town. The government has already increased its share of the mortgage market to around 90 percent from around 55 percent last year as Wall Street licks its...Tags: Financial and Business Services, Fannie Mae, Freddie Mac, Wachovia Corp., Business
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A 4.5 percent mortgage for all?
The Swampby Frank James Who wouldn't want one of those 4.5 percent mortgages that are now being considered as a way to revive the economy? Sign me up. But there's evidently some disagreement about whether such mortgages would be available to......Tags: Financial and Business Services, Real Estate Buyers, Fannie Mae, Money and Monetary Policy, Lobbying
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Mortgage applications surged last week
Mortgage application volume more than doubled during the shortened Thanksgiving week, according to the Mortgage Bankers Association's weekly application survey. The trade group's application index surged to 857.7 in the week that ended Nov. 28, up from... -
ECB trims interest rate to 2.5 pct after Bank of England, Swedish Riksbank cut to 2 pct
AP Business WritersBRUSSELS, Belgium (AP) — Europe's central banks slashed borrowing costs aggressively Thursday to try and ward off a long recession triggered by the financial crisis. Their rate cuts tried to counter a slowdown that looks longer and deeper than...Tags: Foreign Exchange Market, ING Group, Gordon Brown, Economic Policy, Petroleum Industry
Dec 4, 2008
|Story| Associated Press
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Dec 4, 2008
|Story| Los Angeles Times
Dec 4, 2008
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Dec 4, 2008
|Blog| Chicago Tribune
Dec 4, 2008
|Story| Hampton Roads Daily Press
Dec 4, 2008
|Story| Associated Press
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