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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, Business Enterprises, Unemployment, Banking, Charlotte
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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, Ben Bernanke, Employment, Dupont E I Nemours & Company, General Motors Corp.
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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: Central Bank, Foreign Exchange Market, Gordon Brown, Economic Policy, Petroleum Industry
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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, Hartford (Hartford, Connecticut), 2009 U.S. Presidential Transition, Chicago Mortgages, The White House
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FDIC chief Bair says investors fighting loan changes could provoke backlash from Congress
AP Business WriterWASHINGTON (AP) — Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday. Sheila Bair, the chairman of the...Tags: Litigation, Financial and Business Services, Bank of America Corp., Fannie Mae, Freddie Mac
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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, 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: Financial and Business Services, Fannie Mae, Freddie Mac, Bonds, Lehman Brothers Holdings Incorporated
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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, Fannie Mae, Public Finance, 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, Public Finance, Ben Bernanke, Freddie Mac
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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, Public Finance, Ben Bernanke, Freddie Mac
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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, Loans, 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
Dec 4, 2008
|Story| Associated Press
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Dec 4, 2008
|Story| Los Angeles Times
Dec 4, 2008
|Story| Associated Press
Dec 4, 2008
|Blog| Chicago Tribune
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