WASHINGTON (Reuters) – The Federal Reserve on Wednesday stuck to its huge program of buying government and mortgage debt, which is designed to keep borrowing costs low and boost recovery, and said it saw signs that the deep U.S. recession was easing …
The Sumners have tried everything, including renting out their house and pitching a tent in the park down the road for some extra cash. Ray Sumner was a plumber and after having his hours whittled down to seven a week last August, he decided to go …
The warning bells sounded pretty loud and clear earlier this month when a top banking regulator compared the potential risks of reverse mortgages with the subprime lending crisis. In a speech to bankers, John Dugan, comptroller of the currency …
CALGARY, June 24 /CNW Telbec/ – The Honourable Jim Prentice, Minister of the Environment, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing …
CHICAGO – (Business Wire) After months of plummeting, mortgage and home equity marketing direct mail is finally leveling off. Mintel Comperemedia , a service that provides direct marketing competitive intelligence, reports that for the past six …
NEW YORK (Reuters) – U.S. mortgage applications climbed last week from a seven-month low, the Mortgage Bankers Association said on Wednesday, adding to emerging signs that the three-year housing market collapse may be abating. Demand for home loans …
A growing number of American homeowners are falling into financial limbo: They’re badly behind on payments, but their banks have not yet foreclosed. The backlog of seriously delinquent mortgages, which so far affects about 1 million borrowers, is a …
The federal consumer protection system failed America, disastrously, in the years leading up to the mortgage crisis. One big cause was the sharing of responsibility for compliance with laws and regulations among several agencies that communicate …
Red Roof Inns Inc. , which operates in four locations in the Dallas-Fort Worth area, said this week that it is in talks to restructure debt after a credit rating agency disclosed the Ohio-based hotel chain is in default on four mortgage loans to the …
The nationalised bank Northern Rock has set much tougher guidelines for mortgage lending, it has been revealed. Despite ministers exhorting banks to lend more to kick-start the housing Âmarket, the government-controlled bank has set a cap of 2.1 …
