A screen at the New York Stock exchange with news about the Fed on Tuesday. The move came as the Fed voted to keep its benchmark interest rate unchanged, at nearly zero percent, citing evidence of economic weakness and little sign of inflation. The …
Sunday night’s “60 Minutes” interview with author Michael Lewis took Wall Street bashing to a new level. His new book, “The Short Game,” chronicles the recent financial crisis. In the interview with Steve Kroft, the talented writer railed against …
A Florida resident has been charged with orchestrating a mortgage fraud scheme involving 114 houses in the Dallas area and around Texas that cost banks and other lenders more than $20 million. The U.S. attorney’s office for the Eastern District of …
… existing homes,” said NAHB Chairman Bob Jones. last year’s. The number of households facing foreclosure last month grew 6 percent from a year ago, according to RealtyTrac Inc. High unemployment and tighter mortgage-lending standards are also …
A Danbury businessman went from being the chief of a mortgage lender that originated more than $300 million in loans to being so poor that state regulators are allowing him to do community service in lieu of paying fines. There was a moment in 2006 …
The government keeps promoting programs designed to help existing homeowners refinance their mortgages at a lower rate, as well as get perspective buyers into homes. In other words, Uncle Sam says he’s here to help. “Phooey,” say homeowners and …
NEW YORK (Reuters) – The end of the Federal Reserve’s program of purchasing $1.25 trillion of mortgage-backed securities at the end of March is a form of tightening monetary policy, the chief of the largest U.S. bond fund manager said on Tuesday …
There are several scams targeting people who are looking for homes. These scams are costing people thousands of dollars every day. On Good Morning Maryland @ 9 , Carl Delmont, from Freedmont Mortgage explained how to make sure your mortgage deal is …
After moving higher following a worse than anticipated read on Retail Sales last Friday, mortgage rates made modest improvements yesterday. Activity in the fixed income marketplace was pretty boring though. Mortgage backed securities traded in an …
WASHINGTON (AP) – The Commercial Mortgage Securities Association, which represents buyers and sellers of investments backed by commercial real estate loans, spent $130,000 in the fourth quarter of last year to lobby the federal government on banking …
