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Fannie, Freddie Extend Foreclosure Suspension - US News and World ReportLooks like government-controlled mortgage finance giants Fannie Mae and Freddie Mac are extending their foreclosure suspension initiative beyond the holidays (it was supposed to end Friday). The effort, it seems, is designed to give the companies ... Read more...Citigroup OKs deal to alter mortgages - Columbus DispatchWASHINGTON (AP) -- Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures. They expect other lenders to follow. The lawmakers said yesterday they aim to ... Read more...Cheaper Oil to Hurt Chevron's Fourth Quarter - Street.ComHOUSTON -- Chevron ( CVX Quote - Cramer on CVX - Stock Picks ) said the huge drop in crude prices at the end of 2008 will be a big blow to its fourth-quarter earnings, a sharp reversal from the favorable market conditions that fueled record profits ... Read more...UPDATE 2-Obama team working on overhaul of financial rescue - FXStreet.comWASHINGTON, Jan 9 (Reuters) - President-elect Barack Obama's economic team is working to overhaul the $700 billion financial rescue program to stem mortgage foreclosures and spur the flow of credit to the struggling U.S. economy, an Obama aide said ... Read more...REFILE-Mortgage lending jobs thrive as other sectors dive - FXStreet.comNEW YORK, Jan 9 (Reuters) - It's so 2005. Even as the rest of the U.S. job market plumbs new depths, hiring by mortgage lenders is surging now that home loan rates have hit multi-decade lows. Employers have ruthlessly slashed jobs and unemployment is ... Read more...Freddie Mac report: 30-year mortgage rates are in free-fall - Toledo BladeWASHINGTON - Rates on 30-year mortgages fell to a record level for a fourth straight week, dropping to the lowest mark since Freddie Mac started tracking nearly 38 years ago. Rates have been falling since late November, when the Federal Reserve ... Read more...UPDATE 2-US bank industry slams lawmaker-Citi mortgage deal - ReutersWASHINGTON/NEW YORK, Jan 9 (Reuters) - A top bank industry group said on Friday that it opposes an agreement between Citigroup Inc ( C.N ) and Democratic senators that would rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid ... Read more... |
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