WASHINGTON - Treasury Secretary Henry Paulson says allowing mortgage giants Fannie Mae and Freddie Mac to return to their old operating ways is not an option. Paulson says Congress and the next administration must decide the proper role government ...
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LONDON (AP) - British house prices fell by their biggest annual amount in at least 56 years during 2008 as credit seized up and incentives to enter the market evaporated amid sliding home values, a leading mortgage lender said Tuesday. The Nationwide ...
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Congress gets its first crack today at the $50 billion financial fraud involving Wall Street investing legend Bernard Madoff , with Democrats vowing to use the scandal to spur an overhaul of the government's financial regulatory system. The House ...
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The National Association of Realtors Pending Home Sales Index has dropped to a record low as the housing market continues to weigh on an already distressed economy. The index fell to 82.3 for the month of November. That’s down 4 percent from ...
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NEW YORK (MarketWatch) - For most of 2008, Ken Lewis, Bank of America Corp.'s pragmatic chief executive, used the bank's relative strength to take advantage of troubled competitors, snapping up mortgage lender Countrywide and broker Merrill Lynch ...
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Mortgage applications fell last week, reflecting a slight dip in refinancing after a surge last month as borrowers seized on lower interest rates. The Mortgage Bankers Association said Wednesday its weekly application index fell 8.2 percent for the ...
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NEW YORK, Jan 7 (Reuters) - Applications for U.S. residential mortgages slipped from a five-year high last week as homeowners delayed refinancing ahead of expected federal action to lower housing costs, an industry group said on Wednesday. The ...
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