US Finance
« Previous Entries Next Entries »Housing starts solid as mortgage rates watched
Wednesday, March 16th, 2011Island residential construction jumps 37%, signalling stronger economic conditions. The house-building industry is back producing homes at a rate comparable pre-recession rates in 2008.
Goldman faces second investigation as mortgage assets leave bitter taste
Wednesday, March 16th, 2011Securities and Exchange Commission investigators are focusing on a second mortgage-backed asset created by Goldman Sachs as they attempt to bolster their $1 billion fraud case against the embattled bank.
Factors and Variables Influencing Mortgage Finance
Wednesday, March 16th, 2011Properties are secured under mortgage to oblige the borrower to make a predetermined succession of loan payments. A borrower can obtain mortgage finance to from a financial institution like banks. Components like loan size, loan maturity, interest rate and loan payment method differs significantly from one creditor to another.
Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case
Wednesday, March 16th, 2011The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American history.
Wells Fargo Mortgage Modification Options For Lower Mortgage Payments
Wednesday, March 16th, 2011Wells Fargo homeowners may be able to obtain a mortgage modification in order to get a lower mortgage payment on their home. Many homeowners need a lower home loan payment in order to make ends meet since various individuals are still struggling financially due to a variety of economic factors.
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