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1
Jul

Fannie, Freddie ease terms for mortgage refinance (Reuters)

Posted by Yahoo! News: Personal Finance News in Wednesday, July 1st 2009   Leave a reply   

The headquarters of mortgage lender Fannie Mae is shown in Washington September 8, 2008. REUTERS/Jason ReedReuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.



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under: Finance Tips    Tags: business
1
Jul

AIG to sell consumer finance unit in Colombia (AP)

Posted by Yahoo! News: Personal Finance News in Wednesday, July 1st 2009   Leave a reply   
AP - American International Group Inc. on Wednesday said it agreed to sell all of its ownership interests in its consumer finance operations in Colombia, the latest in a recent string of asset sales by the embattled insurer to bolster its finances.
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under: Finance Tips    Tags: business
1
Jul

Freddie Mac gets another $6.1B from gov’t (AP)

Posted by Yahoo! News: Personal Finance News in Wednesday, July 1st 2009   Leave a reply   
AP - Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday.
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under: Finance Tips    Tags: business
1
Jul

U.S. mortgage applications fall to 7-month low (Reuters)

Posted by Yahoo! News: Personal Finance News in Wednesday, July 1st 2009   Leave a reply   

A real estate sales sign sits outside of a house for sale in Phoenix, Arizona in this June 2, 2009 file photo. REUTERS/Joshua LottReuters - U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data from an industry group showed on Wednesday.



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under: Finance Tips    Tags: business
1
Jul

Fed Holds Rates Steady (BusinessWeek Online)

Posted by Yahoo! News: Personal Finance News in Wednesday, July 1st 2009   Leave a reply   
BusinessWeek Online - With signs the economy is improving but still fragile, Federal Reserve policymakers held the Fed funds rate steady -- at zero to 0.25% -- on June 24, and maintained its pace of purchases of government debt at mortgage-backed securities.
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under: Finance Tips    Tags: business
1
Jul

Thinking of Switching Financial Planners? (BusinessWeek Online)

Posted by Yahoo! News: Personal Finance News in Wednesday, July 1st 2009   Leave a reply   
BusinessWeek Online - You've got a dirty little secret. During long lunch breaks, or after work when everyone else heads home to their families, you're sneaking out to a secret rendezvous. You know what you're doing is perfectly justified, but you still feel a little bad afterwards. You never thought it would come to this. But here you are -- cheating on your financial planner.
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under: Finance Tips    Tags: business
30
Jun

Administration sends Congress consumer legislation (AP)

Posted by Yahoo! News: Personal Finance News in Tuesday, June 30th 2009   Leave a reply   

President Barack Obama walks away from the podium after delivering remarks highlighting innovative non profits programs, Tuesday, June 30, 2009, in the East Room of the White House in Washington. (AP Photo/Pablo Martinez Monsivais)AP - President Barack Obama asked Congress on Tuesday to create a new agency to police the fine print on credit card bills and mortgage documents and determine what fees, penalties and interest rates are fair.



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under: Finance Tips    Tags: business
30
Jun

Treasury OKs 3 firms for mortgage relief program (AP)

Posted by Yahoo! News: Personal Finance News in Tuesday, June 30th 2009   Leave a reply   
AP - The Treasury Department said Tuesday that it has approved three more firms for its mortgage relief program.
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under: Finance Tips    Tags: business
30
Jun

Obama admin. sets wide scope for consumer agency (Reuters)

Posted by Yahoo! News: Personal Finance News in Tuesday, June 30th 2009   Leave a reply   

Treasury Secretary Timothy Geithner walks on the roof of The Point, in New York June 29, 2009. REUTERS/Shannon StapletonReuters - The Obama administration sent Congress a draft bill on Tuesday to create a new agency with sweeping powers to impose tough consumer protection rules for banks, mortgage lenders and other financial firms, setting up a summer-long political brawl over the plan.



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under: Finance Tips    Tags: politics
30
Jun

Chase: 138k mortgages modified in past 3 months (AP)

Posted by Yahoo! News: Personal Finance News in Tuesday, June 30th 2009   Leave a reply   
AP - Chase said Tuesday it has approved 138,000 trial mortgage modifications for struggling homeowners in the past three months.
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under: Finance Tips    Tags: business
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  • Protesters demand mortgage help from loan firms (AP)

    AP - Protests are planned in more than a dozen cities across the country to demand that a group of mortgage companies who benefited from federal bailout money participate in a government program designed to prevent foreclosures.
  • Fed Holds Rates Steady (BusinessWeek Online)

    BusinessWeek Online - With signs the economy is improving but still fragile, Federal Reserve policymakers held the Fed funds rate steady -- at zero to 0.25% -- on June 24, and maintained its pace of purchases of government debt at mortgage-backed securities.
  • Thinking of Switching Financial Planners? (BusinessWeek Online)

    BusinessWeek Online - You've got a dirty little secret. During long lunch breaks, or after work when everyone else heads home to their families, you're sneaking out to a secret rendezvous. You know what you're doing is perfectly justified, but you still feel a little bad afterwards. You never thought it would come to this. But here you are -- cheating on your financial planner.

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