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A collection of news and information related to Mortgages published by Tribune Company sources.
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New York 'Subprime Scrooges' revealed
ellen.yan@newsday.comIn front of a Westbury foreclosure, state and local officials yesterday unveiled their list of 10 "Subprime Scrooges," lenders who have filed the most foreclosure-related starts and auctions for October and November in the New York metro area. The report...Tags: Jeff Klein, US Bancorp (Delaware), Westbury, Long Island, Financial and Business Services
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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: Chicago Mortgages, Christopher Dodd, Government, Hartford (Hartford, Connecticut), Vehicles
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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: Money and Monetary Policy, Abercrombie & Fitch Company, Automotive Equipment, Chrysler LLC, Wachovia Corp.
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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: Chicago Mortgages, Investments, Investment Service, Layoffs and Downsizing, Bankruptcy
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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: Freddie Mac, Fannie Mae, Derivative Securities, Money and Monetary Policy, Loans
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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: Fannie Mae, Freddie Mac, Derivative Securities, Stock Activities, Bonds
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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: Freddie Mac, Fannie Mae, Public Finance, Derivative Securities, State Budgets
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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: Fannie Mae, Freddie Mac, Derivative Securities, Money and Monetary Policy, Public Finance
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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: Fannie Mae, Freddie Mac, Money and Monetary Policy, Public Finance, Derivative Securities
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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: Freddie Mac, Fannie Mae, U.S. Department of Treasury, Loans, Wachovia Corp.
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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: Freddie Mac, Fannie Mae, Money and Monetary Policy, U.S. Department of Treasury, 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...
Dec 4, 2008
|Story| Newsday
Dec 4, 2008
|Story| Associated Press
Dec 4, 2008
|Story| Associated Press
Dec 4, 2008
|Story| Associated Press
Dec 4, 2008
|Story| Associated Press
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|Story| Associated Press
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|Story| Associated Press
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|Story| Associated Press
Dec 4, 2008
|Story| Los Angeles Times
Dec 4, 2008
|Story| Associated Press
Dec 4, 2008
|Blog| Chicago Tribune
Dec 4, 2008
|Story| Hampton Roads Daily Press
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