WASHINGTON – More than 14 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of September, a record-high for the ninth straight quarter and a problem that could threaten the economic …
President Barack Obama predicted the United States economy would grow again in the final quarter of 2009, pulling further out of a long and crippling recession. “We have seen economic growth. We anticipate economic growth next quarter as well,” Obama …
More than 14 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of September, a record-high for the ninth straight quarter and a problem that could threaten the economic recovery. The …
NEW YORK (AP) – A Long Island woman convicted of acting as a “straw buyer” in a mortgage fraud scam has been ordered to give lectures on the perils of participating in such criminal schemes. Rebecca Tharpe, Brentwood, was sentenced in Queens Criminal …
The economy and the stock market may be recovering from their swoon, but more homeowners than ever are having trouble making their monthly mortgage payments, according to figures released Thursday. Nearly one in 10 homeowners with mortgages were at …
Thursday’s report showed a steep rise in the central bank’s purchases of mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac. Those holdings were valued at an average of $845.69 billion, up $70.87 billion over the previous week.
Fitch Ratings takes various actions on several classes of Credit Suisse First Boston Mortgage Securities Corp., series 2005-C1. A detailed list of rating actions follows at the end of this press release. The downgrades are the result of loss …
(RTTNews) – Thursday, General Growth Properties, Inc. (GGP: News ) said it has reached agreements in principle to restructure approximately $8.9 billion of secured mortgage loans. Key provisions of the agreements include maturity date extensions …
WASHINGTON – A gauge of future economic activity and a report on unemployment benefits signalled Thursday that the recovery likely will remain weak in the coming months. The Conference Board’s index of leading economic indicators rose less in October …
Chicago, IL (AHN) – Breaking a record set only three months ago, the share of mortgage loans in foreclosure or with at least one payment past due hit 14.4 percent in the third quarter, the Mortgage Bankers Association said Thursday. A survey by the …
