Shares of mortgage lenders leaped at the opening bell Friday after comments from Federal Reserve Chairman Ben Bernanke suggested the Fed may lower interest rates, and President Bush was expected to outline plans to help borrowers struggling to pay home loans.
Original post by Yahoo! News Search Results for mortgage
Aug. 31 (Bloomberg) — U.S. stocks rallied on speculation the government will help people with delinquent mortgages keep their homes. Countrywide Financial Corp., the nation’s largest mortgage lender, and Lehman Brothers Holdings Inc., the biggest underwriter of bonds backed by home loans, advanced.
Original post by Yahoo! News Search Results for mortgage
The OFHEO House Price Index (HPI) usually doesn′t get
too much attention (except here where we regard it as the best, or at
least the most interesting of the periodic housing indicators) but this
time around people began anticipating it days before it was actually
issued and there was speculation that it would be the harbinger of really
bad news to come.
The Index, however, did not show a nationwide drop in housing prices
as had been expected, just the smallest increase in many years.
Original post by Darin
NEW YORK (MarketWatch) - U.S. financial stocks rallied in preopen trading Friday after news that President Bush will unveil a proposal to expand the role of the federal government to stem a wave of mortgage defaults.
Original post by Yahoo! News Search Results for mortgage
Iftikhar Ahmad, 36, Stockton, California, and Manpreet Singh, 24, formerly of Stockton, California, now residing in Sacramento, were indicted by a federal grand jury on multiple counts of mail fraud in connection with a mortgage fraud scheme involving the flipping of multiple properties in the Stockton area. Ahmad was also charged with multiple counts of money laundering. Both defendants were previously arrested on a criminal complaint filed in connection with this investigation on …
Original post by default@goarticles.com (Chris Robertson)
The pre-holiday session features speeches from Bush and Bernanke and a slew of new economic data. Stocks were expected to open higher
Original post by AnthonyK
Mortgage lenders got a boost in premarket trading Friday as investors anticipated positive comments in separate speeches by President Bush and Federal Reserve Chairman Ben Bernanke.
Original post by Yahoo! News Search Results for mortgage
WASHINGTON — President Bush on Friday outlined ways to help homeowners facing foreclosure _ the administration’s first effort to deal with an expected wave of defaults fueled by the mortgage crisis.
Original post by Yahoo! News Search Results for mortgage
WASHINGTON — Offering federal help for strapped mortgage holders, President Bush is proposing to aid hundreds of thousands of borrowers hard hit by the housing slump.
Original post by Yahoo! News Search Results for mortgage