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: House prices in Britain last year fell by their biggest annual amount in at least 56 years, as credit seized up and possible buyers stayed out of the market, a leading mortgage lender said. The Nationwide building society yesterday said house ...
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LONDON: The Bank of England will Thursday slash interest rates for a third month running, bringing them to their lowest ever levels as Britain readies to join a growing list of nations officially in recession, analysts said. British interest rates ...
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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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Two more months of mortgage payments and retiree Allan Goldstein says he'll be broke, just another victim in what may be the biggest Ponzi scheme in history. Goldstein, 76, was among the thousands of investors who trusted Wall Street figure Bernard ...
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US mortgage activity slipped last week, however mortgage rates for home owners are on track to fall much further as the Federal Reserve implements its plan to buy securities. The latest weekly data from the Mortgage Bankers Association on Wednesday ...
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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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