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40 Year Mortgage Loans News40 year mortgage loansNov. 19 (Bloomberg) -- U.S. stocks sank and benchmark indexes slid to their lowest levels since 2003 on growing concern over the health of the financial system and survival of the nation's car industry. Citigroup Inc. tumbled 23 percent to $6.40, a ... Read moreU.S. Stocks Slide to Five-Year Lows as Banks, Carmakers Tumble - BloombergWASHINGTON (AP) -- A new joint government-industry effort to help struggling homeowners is insufficient to bring widespread changes in home loans to stem the tide of foreclosures, the head of the FDIC said Tuesday. Federal Deposit Insurance Corp ... Read moreFDIC head says new mortgage plan insufficient - Associated PressNEW YORK (CNNMoney.com) -- Citigroup says it will expand its foreclosure prevention efforts and try to keep 130,000 troubled borrowers with $20 billion in mortgages in their homes. The news follows similar initiatives announced earlier this year by ... Read moreCiti to modify $20 billion in home loans - CNN MoneyA 40-year-old suburban Atlanta woman has been sentenced to more than 11 years in federal prison for her role in a multimillion dollar mortgage fraud scheme. A federal jury in Atlanta found Adriene Newby-Allen of Alpharetta guilty in July of pocketing ... Read moreAlpharetta woman gets 11 years for mortgage fraud - Atlanta Journal ConstitutionNov. 13 (Bloomberg) -- Asian stocks and U.S. futures fell, extending a global rout, as the U.S. Treasury scrapped plans to buy mortgage assets, Commonwealth Bank of Australia said bad debts may double and China’s industrial output missed estimates ... Read moreAsian Stocks Tumble, Extend Global Rout, on U.S. Treasury Shift - BloombergWhat follows below is a transcript of my interview last night with FDIC Chairwoman Sheila Bair. She's the most important woman in the country right now. Ms. Bair wants more federal help on foreclosures and mortgage modification. She is also rumored ... Read moreAn Interview With FDIC Chair Sheila Bair - CNBCWASHINGTON (AP) — Two government programs designed to help hundreds of thousands of delinquent borrowers avoid foreclosure are having negligible effects, a top Bush administration official acknowledged today. One program will be revamped ... Read moreMortgage aid falls short, Bush admin official says (2:19 p.m.) - RecordLONDON/TOKYO, Nov 13 (Reuters) - Germany has fallen into recession and China's industry output growth waned to its weakest in seven years, data showed on Thursday, reinforcing evidence the financial crisis is plunging the world into a painful ... Read moreTOPWRAP 4-Germany enters recession, China output growth hit - FXStreet.comWASHINGTON (Reuters) - Consumer prices fell at a record pace in October and new-home building slumped to fresh lows, according to government reports on Wednesday that suggested the economy likely is already in a recession that may be long and deep. A ... Read moreConsumer prices, home starts plunge in October - Portland TribuneAn increasingly despondent Wall Street fell for the third straight session Wednesday as investors absorbed another series of dismal corporate reports and news that the government won't buy banks' soured mortgage assets after all. The Dow Jones ... Read more |
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