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American Home Mortgage Newsamerican home mortgageWASHINGTON — Democratic lawmakers on Monday charged that the Securities and Exchange Commission had "failed miserably" in following up on warnings that could have uncovered several years ago possible wrongdoing by Bernard Madoff, who is accused of ... Read moreLawmakers say SEC 'failed miserably' in Madoff case - Austin American-StatesmanA WSJ front-pager from yesterday, entitled “ Housing Push for Hispanics Spawns Wave of Foreclosures ,” documents the fated push by low-income housing groups, Hispanic lawmakers and mortgage lenders to increase home ownership for Hispanics. The ... Read moreCuomo’s Settlement Over Allegedly Discriminatory Mortgage Fees - Wall Street JournalGMAC continues making home loans while the parent company, GM, gets a huge bailout using taxpayer $. Folks, the fox is in the hen house! … read more Our financial crisis was caused by three main reasons. 1. Our tax policy is the 2nd worst in the ... Read moreGMAC to keep making home loans - Minneapolis Star TribuneNEW YORK (CNNMoney.com) -- Billionaire investor Wilbur Ross, known for his investments in distressed companies in the steel, automotive industries, said it is only a matter of time before his firm acquires a bank. "We will end up with a bank, there ... Read moreWilbur Ross: I will buy a bank - CNN MoneyCHICAGO (AP) -- Diane Shackle found it gut-wrenching to walk away from a mortgage she took out in times that were better for both her and the U.S. economy. But the reality was undeniable: While she was keeping up with the monthly payments, she said ... Read moreWalking away from a mortgage no longer unthinkable - Associated PressThe average rate for a conventional 30-year fixed mortgage on an owner-occupied, single-family home with 20 percent down on Wednesday afternoon was 5.375 percent, down from Tuesday's rate of 5.625 percent, Sarasota's Sentinel Mortgage reported ... Read moreBusiness briefs: 30-year mortgage falls at year's end - Herald TribuneCalifornia Rep. Joe Baca has long pushed legislation he said would "open the doors to the American Dream" for first-time home buyers in his largely Hispanic district. For many of them, those doors have slammed shut, quickly and painfully. Mortgage ... Read moreHousing Push for Hispanics Spawns Wave of Foreclosures - Wall Street JournalJan. 1 (Bloomberg) -- Treasuries recorded their biggest annual gain since 1995 as falling stocks and frozen credit markets drove investors to the relative safety of U.S. government debt. Yields of all maturities touched record lows as financial firms ... Read moreU.S. Treasuries Rally Most Since 1995 as Investors Seek Safety - BloombergHubris and arrogance are too ensconced in Washington for policymakers to be aware of the economic policy trap in which they have placed the U.S. economy. If the subprime mortgage meltdown is half as bad as predicted, low U.S. interest rates will be ... Read moreCoastal Post Online - Coastal Post NewsJan. 7 (Bloomberg) -- House Financial Services Committee Chairman Barney Frank said he has “agreement in principle” with President-elect Barack Obama to release $350 billion from the U.S. bank-rescue fund in return for commitments to help ... Read more |
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