AFP - Can Treasury Secretary Henry Paulson’s “bazooka” save mortgage finance titans Fannie Mae and Freddie Mac from a calamitous meltdown? Read More…
Reuters - Lehman Brothers Holdings Inc. nhas settled on a structure that will allow it to offload nbillions of dollars in real-estate loans from its books, naccording to the on-line edition of the Wall Street Journal. Read More…
AFP - Shareholders in French investment bank Natixis on Friday approved a planned 3.7 billion euros (5.44 billion dollars) capital increase to repair the damage caused by the US subprime home loan crisis. Read More…
AP - With gas prices high, bicycles flying out of stores and a buyers’ market for houses, a handful of real estate agents around the country are touting the two-wheeled appeal of their listings. Read More…
There were few surprises in the Personal Consumption and Expenditure n(PCE) report released Friday, though economists say the ndata all points to weaker third-quarter results. nn The personal consumption expenditures (PCE) core deflator, the Federal nReserve’s preferred measure of inflation, came in line with expectations, nadvancing by 0.3% (0.273%) in July, and 2.4% (2.426%) on an […]
If you haven’t already discovered it HSH Associates runs a great Web site with lots of free data for checking the latest mortgage rates. One of the things I keep hearing from Realtors and home builders is that rates are still low. That’s true if you’re comparing them to the 20% prime rate of 1980. […]
BusinessWeek Online - The stock prices of mortgage giants Fannie Mae and Freddie Mac have cratered. The bottom of the worst housing slump since the Great Depression hasn’t been reached. Fears of inflation are mounting. Read More…
AFP - British mortgage lender Bradford & Bingley said on Friday that it had endured a net loss of 17.2 million pounds (21.3 million euros, 31.4 million dollars) in the first half of 2008. Read More…
AFP - British mortgage lender Bradford & Bingley said on Friday that it had endured a net loss of 17.2 million pounds (21.3 million euros, 31.4 million dollars) in the first half of 2008. Read More…
A few simple strategies will let you be a warm host to bad houseguests without losing control. n Read More…