Mortgage

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Mortgage relief reaches 7 percent of borrowers

Thursday, March 17th, 2011

The Obama administration’s mortgage relief plan provided help to only 7 percent of borrowers who signed up last year.

FHA raises fees, tightens loan standards

Thursday, March 17th, 2011

The Federal Housing Administration is raising fees and tightening lending standards to shore up its strapped finances and avoid a taxpayer bailout.

Mortgage rates fall for second straight week

Thursday, March 17th, 2011

Rates for 30-year home loans edged lower for the second straight week, a report said Thursday, but remained above last month’s record lows.

New York manufacturing picks up but China sells U.S. debt

Thursday, March 17th, 2011

A regional U.S. manufacturing gauge published Monday hit its highest level since October, but also suggested a rebound in that sector might run out of momentum.

White House adviser says U.S. employment stable

Thursday, March 17th, 2011

White House  economic adviser Christina Romer said on Wednesday that the U.S. employment picture was stable, with job growth expected by spring.

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