mortgages and home equity loans

NEW YORK, Jan 8 (Reuters) - The average interest rate on 30-year U.S. fixed-rate mortgages dropped to a 38-year low of 5.01 percent in the latest week, after the Federal Reserve launched its mammoth plan to lower home borrowing costs, Freddie Mac ...

CORRECTED - UPDATE 2-US mortgage rate drops 10th week, to record low - Reuters UK

WASHINGTON — Rates on 30-year mortgages fell to a record level for a fourth straight week, dropping to the lowest mark since Freddie Mac started tracking the data nearly 28 years ago. Rates have been falling since late November, when the Federal ...

Plunging mortgage rates hit record low - Buffalo News

WASHINGTON (AP) -- Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring. With the Federal Reserve on the verge of pouring hundreds of billions of ...

Mortgage rates fall to third straight record low - Associated Press

WASHINGTON (AP) -- A group of private investors including former executives of Countrywide Financial Corp. has purchased $558 million in home mortgages from the government in a deal involving assets of the failed First National Bank of Nevada, the ...

Investors buy $558 million in mortgages from FDIC - Associated Press

Bank of America Corporation's (BAC) completed acquisition of Merrill Lynch & Co., Inc., (MER) enhances the bank's already global presence in capital markets activities, investment banking, large corporate lending, real estate lending, credit cards ...

Fitch: BofA Enhances Global Franchise with Merrill Buy; IDR Affirmed ... - PR Inside

Rep. Dennis Cardoza, D-Atwater, has a plan to reverse the housing crisis and boost the economy: a 4 percent interest rate on fixed-rate, 30-year loans for all current homeowners and qualified buyers of foreclosure properties. Under his newly proposed ...

Cardoza proposal could aid housing crisis - Record

WASHINGTON — Rates on 30-year mortgages fell to a record level for a fourth straight week, dropping to the lowest mark since Freddie Mac started tracking the data nearly 28 years ago. Rates have been falling since late November, when the Federal ...

Mortgage rates hit record low again - Contra Costa Times

A Congressional oversight committee has gone after the Treasury on how it used TARP funds. Doing so is like asking why the fire department picked a 4-inch hose to put out a fire rather than a 6-inch one. In a catastrophe, the need to save to save ...

The error of attacking the TARP - Bloggingstocks.com

Jan. 3 (Bloomberg) -- Private-equity investors led by Steven Mnuchin , a former Goldman Sachs Group Inc. executive, agreed to buy IndyMac Bank from the Federal Deposit Insurance Corp. and inject $1.3 billion in cash, a rare purchase of a failed ...

Mnuchin Leads Private-Equity Funds to Buy Failed IndyMac Bank - Bloomberg

MORTGAGE brokers were warned yesterday to make it clear to customers if they have links to an estate agency, to avoid accusations of property buyers being conned. The warning was issued by the Financial Regulator following a probe it conducted into ...