Mortgage rates tick up, remain above lows (AP)

AP - Rates for 30-year home loans edged up this week, remaining above record lows reached over the spring.

AIG to repay $25 billion U.S. debt with unit stakes (Reuters)

Reuters - The federal government has agreed to accept $25 billion of preferred stock in two American International Group Inc businesses as partial repayment of debt, the company said on Thursday.

Fed holds policy steady, sees recession easing (Reuters)

Reuters - The Federal Reserve on Wednesday stuck to its huge program of buying government and mortgage debt, which is designed to keep borrowing costs low and boost recovery, and said it saw signs that the deep U.S. recession was easing.

U.S. durable goods jump (Reuters)

Reuters - An unexpected jump in U.S. durable goods orders last month backed hopes the economy was healing, a prospect cautiously supported by the Federal Reserve on Wednesday.

U.S. mortgage applications climb from 7-month low (Reuters)

Reuters - U.S. mortgage applications climbed last week from a seven-month low, the Mortgage Bankers Association said on Wednesday, adding to emerging signs that the three-year housing market collapse may be abating.

Trade group cuts mortgage volume forecast for 2009 (AP)

AP - A key industry group on Monday slashed its estimate for mortgage volume by 27 percent because of higher interest rates and the slow start to the government's refinance program.

Merced: Ghost Town, USA (BusinessWeek Online)

BusinessWeek Online - The housing crisis is creating ghost towns of once-bustling communities like Merced. In largely abandoned neighborhoods, paved sidewalks and driveways lead to empty lots strewn with utility coils. Unfinished frames with rotting rafters and rusted hinges sit alongside occupied homes. Roughly 40% of the homes in Merced are considered distressed, meaning owners are behind on their mortgage payments or can't make them at all. The toll is expected to rise, even though California extended its moratorium on foreclosures for another 90 days.

‘Vanilla’ home loans could benefit borrowers (AP)

AP - If President Barack Obama gets his way, consumers who take out mortgages would automatically get a "plain vanilla" loan — such as a traditional 30-year fixed-rate mortgage — unless they opted for a riskier variety.

Baby Boomer Retirement Planning - Retire Early - Retire Wealthy

http://www.theidealretirement.com Create the ideal retirement with proper retirement planning ensures you have the right level of retirement ...

Baby Boomer Retirement Planning - Retire Early - Retire Wea

http://www.theidealretirement.com Create the ideal retirement with proper retirement planning ensures you have the right level of retirement ...

« Previous Page — Next Page »