Mortgage News

FRANKFURT : Lone Star Funds, the Dallas-based private equity firm, has agreed to buy IKB Deutsche Industriebank after the German bank collapsed, becoming the country's first casualty of the subprime mortgage ...

Thousands of troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became ...

The New Zealand financial system remains fundamentally sound and is working well despite high profile meltdowns of several finance firms, says the Reserve Bank.

The IRS and the Snohomish County Sheriff's Office say a longtime employee of the city of Arlington embezzled funds for several years before she retired in May.

Even if a student plans on a major where the financial rewards aren't so obvious, such as art history or philosophy, most American families don't factor in their child's expected earning power when considering ...

" Mortgage application volume in the United States fell last week to its lowest levels in more than six years, the Mortgage Bankers Association said Wednesday.

A Twin Cities mortgage broker charged in connection with a $4.9 million mortgage fraud scheme involving dozens of homes in Minneapolis and one in Golden Valley pleaded guilty today to one count of racketeering ...

Treasury Secretary Henry Paulson said Tuesday the next round of high-level talks with China will focus on energy and environmental issues, and efforts to agree on an investment treaty.

Mumbai: A large US bank is expected to fail in the next few months as the worst of the global financial crisis unfolds, pushing the world's biggest economy deeper into a financial mess, former IMF chief ...

Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years, according to government data released Tuesday.The Labor Department reported that wholesale prices ...

With a slow economy eating deeply into state tax collections, Gov. Timothy M. Kaine warned Monday of deep but still unspecified cuts to Virginia's budget just seven weeks after it took effect.

Published by Jon Land for 24dash.com in Housing Tuesday 19th August 2008 - 8:59am UK housing slump 'forcing homeowners into rental market' The housing market downturn is forcing increasing numbers of homeowners ...

Two giant mortgage companies get into hot water over risky investments. The government steps in to throw them a lifeline should they need it.

Wall Street retreated Monday after Fannie Mae and Freddie Mac fell to their lowest levels in nearly 20 years on concerns that the government might need to bail out the mortgage financiers.

Whether or not the U.S. government is actually on the verge of taking over mortgage finance companies Fannie Mae and Freddie Mac, investor fears that a bailout is imminent could turn such a worst-case scenario ...

Canadian investors find out Monday afternoon whether they can hope to see the money they have tied up in $32 billion of frozen asset-backed commercial paper any time soon.

FEDERAL Treasurer Wayne Swan says the retail banks will be putting the economy at risk if they don't match any interest rate cut by the Reserve Bank.

HSBC Bank Australia has cut its fixed home loan mortgage rates, citing a recent fall in borrowing costs.

Falling interest rates made houses more affordable in July even though the national median house price was steady during the month.

LOL... The banks are trying to cover their behinds for futher interest rate hikes with this excuse.... My fellow consumers be prepared for more hikes, we will never see the end of this.