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Student aid linked to health care gets a trim (AP)

Yahoo! News: Personal Finance News — Fri, 19 Mar 2010 03:04:34 +0000

AP - Congressional Democrats on Thursday trimmed their original student loan plans, reduced spending for community colleges, and eliminated early childhood money from a broad rewrite of a college aid bill piggybacked on to fast-track health care legislation.

Student aid linked to health care gets a trim (AP)

Yahoo! News: Personal Finance News — Thu, 18 Mar 2010 23:59:42 +0000

America’s Most Underwater Housing Markets (U.S. News & World Report)

Yahoo! News: Personal Finance News — Thu, 18 Mar 2010 21:09:27 +0000

U.S. News & World Report - Negative equity--what you have when you owe more on your home loan than the property is worth--is one of the defining features of the still-unfolding mortgage crisis. It's a particularly nasty problem because it can lead to all sorts of unpleasant outcomes for the real estate market and the economy as a whole. Having negative equity, which is also known as being "underwater" on a mortgage, makes homeowners more likely to end up in foreclosure. It restricts a borrower's ability to refinance or buy another home, which in turn stifles demand for housing. ...

Five Homegrown Growth Stocks (The Motley Fool)

Yahoo! News: Personal Finance News — Thu, 18 Mar 2010 20:03:04 +0000

The Motley Fool - Proponents of diversification extol the virtues of spreading your investments over different assets, sectors, and geography. The last part in this holy trinity geography is particularly captivating to a growing cadre of investors.

Mortgage rates still below 5 percent (AP)

Yahoo! News: Personal Finance News — Thu, 18 Mar 2010 15:16:37 +0000

AP - Mortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates at or near record lows.

Fed’s Bernanke sees U.S. backing Fannie, Freddie debt (Reuters)

Yahoo! News: Personal Finance News — Wed, 17 Mar 2010 22:07:33 +0000

Reuters - Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain U.S. government backing should Congress create a new system for financing U.S. homes, Federal Reserve Board Chairman Ben Bernanke said on Wednesday.

Parsing the Fed’s Statement: Experts Weigh In (The Motley Fool)

Yahoo! News: Personal Finance News — Wed, 17 Mar 2010 20:12:40 +0000

The Motley Fool - Surprise, surprise. As expected, the Federal Reserve on Tuesday held short-term interest rates unchanged at historic lows and maintained that it will keep rates low for an extended period of time. The central bank also reiterated its pledge to stop buying mortgage-backed securities at the end of this month. However, the Fed did upgrade its assessment of the economy.

Moving target: Goal for foreclosure aid in dispute (AP)

Yahoo! News: Personal Finance News — Wed, 17 Mar 2010 19:52:52 +0000

AP - Last year, the message was clear. Now it is murky.

Wells Fargo signs up for loan modification program (AP)

Yahoo! News: Personal Finance News — Wed, 17 Mar 2010 18:15:36 +0000

AP - Wells Fargo & Co. has become the second bank to sign up for a government program to modify second mortgages.

Bailout watchdog to audit gov’t mortgage program (AP)

Yahoo! News: Personal Finance News — Wed, 17 Mar 2010 17:12:49 +0000

AP - The federal bank bailout watchdog is planning to scrutinize the formula used by mortgage companies to evaluate borrowers for the Obama administration $75 billion mortgage relief program.