If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Company Efforts Geared Toward Stabilizing Key Market Segments and Increasing Rental Housing Opportunities
Amid stress in the capital markets and a downturn in the Commercial Mortgage Backed Securities market, Fannie Mae (NYSE:FNM) today announced that it will expand [...]
Lower interest rates, fees, increased loan limits among changes
The nation’s college students and their parents will benefit from several major changes in the terms of federal student loans, according to USA Funds(R), the nation’s leading education loan guarantor.
“Lower interest rates and fees will reduce students’ costs of borrowing for college, while increased loan limits [...]
Home loan servicers and lenders are not working with borrowers who need loan modifications in order to keep their homes. In a third survey of California mortgage counseling agencies servicing homeowners statewide, the California Reinvestment Coalition (CRC) found that despite lenders’ promises to help borrowers, foreclosure is still the most common outcome for homeowners struggling [...]
Simple Microsoft Network Patches For ATMs Not Being Performed by Banks and Credit Unions
TraceSecurity, a leading provider of SaaS security compliance and risk management solutions, disclosed today that the case of Citibank customers whose funds were hacked via the connection between ATMs and third parties processing their PIN codes, are just the tip of [...]
Expands Search by More Than 4 Million More Homes, Increasing Redfin’s Reach by Almost 40% to 16 Million Homes
Online real estate broker Redfin Corporation today launched its real estate e-commerce service for the Chicago area, its eighth market overall and first new market in 2008. Redfin’s brokerage, headquartered in Schaumburg, Ill., now serves Cook [...]
The Federal Reserve Should Adopt Meaningful Rules
Americans 55 and over pay $4.5 billion in fees annually for overdraft loans they haven’t asked for and typically don’t want, a new study by the Center for Responsible Lending finds. Of that, nearly $1 billion is stripped from people heavily dependent on Social Security income.
The new report [...]
Homebuilder Brings Dream of Homeownership Closer to Reality in Celebration of National Homeownership Month
Holiday Builders, an award-winning homebuilder celebrating 25 years of quality building, today announced that it is offering an incredible rate of 3.25 percent on homes ready for move-in. In partnership with Shelter Mortgage, Holiday Builders is bringing homebuyers the dream of homeownership [...]
Online tools will educate small business owners on economic stimulus package benefits
SBA has created an online tax savings resource center to help small businesses understand how they can benefit from the 2008 economic stimulus package signed into law by President Bush earlier this year.
The package includes the following tax incentives for businesses: a 50% bonus [...]
Typical Plan Is in Better Health than at Beginning of 2008
A rise in the equity markets combined with higher bond yields in May led to a gain of 3.2 percentage points in the funded status of the typical U.S. pension plan, according to BNY Mellon Asset Management. Higher yields on longer-term corporate bonds results in [...]
Findings of the German GfK Consumer Climate Study for May 2008
Rising inflation in May of this year has clouded the mood among consumers. The economic outlook indicator, income expectations and the propensity to buy all suffered considerable losses. As a result, the consumer climate indicator for June is forecasting a value of 4.9 points after [...]