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Getting a Mortgage in 2010: 10 Things to Know
More than three years into a painful housing crash, the real estate market has sent recent--albeit tentative--signs of stabilization. Home sales have increased, inventory levels are down, and price declines have become less precipitous. Along with more affordable home prices and a tax perk from Uncle Sam, attractive mortgage rates--which remained below 5 percent as of late November--have been a driving force behind this development.
Activities:2008 U.S. Real Estate Crisis
2009-12-03
Gov't increases pressure on mortgage industry
WASHINGTON - The Obama administration will crack down on mortgage companies that are failing to do enough to help borrowers at risk of foreclosure, as part of a broad effort to boost participation in its mortgage assistance program.
Source:(AP)
2009-11-30
Fannie Mae tax credit decision could cost $5.2 bln
WASHINGTON - Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits.
Source:(AP)
2009-11-09
Subprime home mortgages back to pre-crisis levels: Fed
WASHINGTON (AFP) - The market share of subprime US home mortgages, which caused the collapse of the housing market at the epicenter of the financial crisis, has returned to pre-crisis levels, a central bank report showed Monday.
Nations:U.S. Activities:Global Financial Crisis Source:(AFP)
2009-10-26
Banks cut back on emergency loans from Fed
WASHINGTON - Banks cut back on loans from the Federal Reserve's emergency lending program over the past week, a sign some credit problems are easing as the economy recovers.
People:Ben Bernanke Activities:Global Financial Crisis Source:(AP)
2009-10-22
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