If you, your relatives or friends are contemplating applying for a reverse mortgage in 2010, check out the new guidelines proposed earlier this month by the federal regulatory agencies for financial institutions. Though aimed at banks and credit …
WASHINGTON If you, your relatives or friends are contemplating applying for a reverse mortgage in 2010, check out the new guidelines proposed this month by the federal regulatory agencies for financial institutions. Though aimed at banks and credit …
Four years ago, the state Banking Department recommended that a Lakes Region investment firm be stripped of its banking license. Citing violations of state and federal law, a department lawyer wrote that the company, Financial Resources Mortgage, and …
After hitting an all-time low in early December, the average rate on a 30-year, fixed-rate mortgage rose to 5.05 percent this week and could climb to 6 percent by the end of 2010, if not sooner, according to giant mortgage financier Freddie Mac. The …
WASHINGTON: The US government has pledged virtually unlimited aid to mortgage finance giants Fannie Mae and Freddie Mac through 2012 to allow the government-sponsored firms to weather any new crisis. The announcement late on Thursday by the US …
Milo and Lin White are more than $100,000 underwater on their Phoenix home. Milo was laid off last October, and to find work, he had to move to Salt Lake City without his family. The home in Phoenix is so worth so much less than its mortgage that it …
Florida’s Office of Financial Regulation has received 4,600 mortgage broker licensing applications since July, more than double the amount requested for all of last fiscal year. The increase is attributed partly to the recovering economy, but the …
NEW YORK — The government has handed its ATM card to besieged mortgage giants Fannie Mae and Freddie Mac. The Treasury Department said Thursday it removed the $400-billion financial cap on the money it will provide to keep the companies afloat …
Mortgage rates rose this week, with the average rate on 30-year fixed-rate mortgages climbing above 5%, according to Freddie Mac’s weekly survey of mortgage rates. Freddie chief economist Frank Nothaft said Thursday although interest rates for 30 …
NEW YORK – The two chief executives of Fannie Mae and Freddie Mac could get paid as much as $6 million for 2009, despite the companies’ dismal performances this year which cost taxpayers more than $100 billion. Fannie’s CEO, Michael Williams, and …
