Recent Approved Mortgages News
- Jumbo Mortgages Get More Affordable (TheStreet.com)
Lending standards tighten, though, so it's tougher to win financing in the first place.
- Homeowner Rescue Plan Passed By House (CBS News)
The House passed a massive homeowner rescue plan to provide cheaper, government-backed mortgages to half a million debt-ridden borrowers and bolster an economy crippled by the housing crisis.
- House OKs rescue plan for at-risk mortgages (The Buffalo News)
WASHINGTON — The House on Thursday approved an ambitious plan to rescue hundreds of thousands of homeowners at risk of foreclosure by helping them trade exotic loans with rapidly rising monthly payments for more affordable mortgages backed by the federal government.
- Popular Arizona bill to regulate mortgage 'originators' is stalled (Arizona Daily Star)
PHOENIX — Legislation to require that people who help arrange mortgages for home buyers get a state license has hit a roadblock near the finish line at the Legislature.
- Business Briefs: May 13, 2008 (Santa Cruz Sentinel)
Santa Cruz Loans approved for Blue Adobe Blue Adobe Financial Services Inc., the parent company of Blue Adobe Mortgage, has been approved by the Department of Housing and Urban Development to originate, process and approve FHA loans locally in Monterey and Santa Cruz counties.
- Affluent Investors Say Tax Hike Wouldn't Alter Asset Strategy (Bloomberg via Yahoo! News)
May 14 (Bloomberg) -- Affluent investors say a small increase in the capital gains tax, as suggested by Democratic presidential candidates Barack Obama and Hillary Clinton, wouldn't affect their investment decisions.
- State Senate to Look at Foreclosure Crisis (R News)
In news from Albany, the State Senate tackles the issue of subprime lending and foreclosures Monday. Last week the Assembly passed legislation to impose a one-year delay on foreclosures when homeowners default on mortgages.
- Canadian Commercial Paper Plan Is Illegal, Companies Tell Judge (Bloomberg.com)
May 13 (Bloomberg) -- A plan to restructure C$32 billion ($32 billion) of Canadian commercial paper is illegal because brokerages that sold the insolvent debt can't be protected from lawsuits stemming from potentially criminal conduct, lawyers for some investors said.
- Bernanke Says Fed to Boost Loans to Banks as Needed (Update2) (Bloomberg.com)
May 13 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said financial markets remain unsettled and the central bank will increase its auctions of cash to banks as needed.
- A Liberal Wit Builds Bridges To the G.O.P. (New York Times)
Barney Frank, the rumpled, cantankerous Massachusetts Democrat, has emerged as a key deal-maker in the House.
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