TAMPA – Subprime lenders who were blamed for the turmoil in the banking industry may receive billions in taxpayer dollars through a program aimed at stemming foreclosures, according to the Washington-based Center for Public Integrity. Under the $75 …
Taxpayers are getting a reward for the trillions of their dollars U.S. authorities put at risk in a bid to save the financial system. But they still face big potential losses from the rescue effort, which will remain on the government’s books for …
The recent rise in fixed term mortgage rates is likely to continue over time, compounded by the impact of the Reserve Bank of New Zealand’s new liquidity policy for banks, ASB economists said today. Short term mortgage rates are likely to remain low …
WASHINGTON — The Internal Revenue Service will expand a program designed to catch tax cheats that searches for inconsistencies between mortgage payments and income. After prompting from an IRS auditor, the agency will study whether it should make …
They are definitely not the same. They share some characteristics, but they’re not the same, so we must not confuse them. It is surprising how straightforward it is to take a name for granted and believe it implies something it actually doesn’t. In …
Aug. 31 (Bloomberg) — The default rate on commercial mortgages held by U.S. banks more than doubled in the second quarter from a year earlier amid falling rents and occupancies for malls, office buildings and warehouses. Loans that were 90 days or …
Going to retire? Pay off your mortgage. News 8’s Finance Guy, John Henry McDonald, has been saying this bit of advice for years, but he’ll continue reiterating its importance. The choice is yours, McDonald said. For example, $500,000 is the amount of …
The battle for a bigger share of the home-loans market is heating up, with the Bank of East Asia (0023) the latest to wade in with a mortgage rate offer of less than 2 percent. BEA is offering as low as 1.97 percent – the cheapest prime rate-based …
The nation’s beleaguered mortgage insurance companies wrote $7.54 billion of new traditional MI policies in July, its third worst volume month of the year. Compared to the same month a year ago, new business fell by 39%, according to figures compiled …
(Atlanta) – Long-term mortgage rates edged up this week, but remain well below year ago levels. Freddie Mac says 30-year fixed-rate mortgages averaged 5.14 percent in the week ending Aug. 27, up from 5.12 percent last week. A year ago, 30-year …
