Posted on December 4th, 2008 by moneyvsdebt
Move would help homeowners and buyers with good credit, but would do little for troubled borrowers, experts said.
Lobbyists are pushing the Treasury Department to consider a plan to purchase mortgage-backed securities in the hopes of driving mortgage rates to as low as 4.5%, an industry source said.
Similar to an effort unveiled last week by the [...]
Filed under: Easy Money, Entrepreneurial, Finance, Financial News, Investing, Mortgage Information, Real Estate, Real Estate Investing, credit scores, economy, federal reserve, housing crisis | No Comments »
Posted on December 4th, 2008 by moneyvsdebt
The government is weighing plans to drive rates as low as 4.5%. But experts say that won’t be enough to stabilize the housing market.
Does anyone really think this will help much if unemployment is up near 8%? How exactly are people going to continue paying thier new lower rate mortage if they don’t have [...]
Filed under: Easy Money, Finance, Financial News, Investing, Mortgage Information, Real Estate, Real Estate Investing, economy, federal reserve, housing crisis | 1 Comment »
Posted on November 25th, 2008 by moneyvsdebt
The Federal Reserve and Treasury Department on Tuesday unveiled a plan to pump $800 billion into the struggling U.S. economy in an attempt to jumpstart lending by banks to consumers and small businesses.
The government hopes that these initiatives will enable more money to flow to consumers in the form of loans than has occurred so [...]
Filed under: Ben Bernanke, Credit Card, Finance, Financial News, Investing, Mortgage Information, Real Estate, Real Estate Investing, federal reserve, housing crisis | No Comments »
Posted on October 31st, 2008 by moneyvsdebt
Regulators close down Freedom Bank, a Florida-based bank with total assets of $287 million.
Fifth Third Bancorp, which is receiving $3.5 billion in bailout money, will acquire Florida’s failed Freedom Bank.
The Bradenton, Florida bank, which was shut down on Friday by state regulators, is the 17th bank failure this year. The bank had total assets [...]
Filed under: Easy Money, Entrepreneurial, Finance, Financial News, Investing, federal reserve, politics | 1 Comment »
Posted on October 31st, 2008 by moneyvsdebt
JPMorgan Chase & Co., the largest U.S. bank by market value, said it won’t begin new foreclosure proceedings on some loans while it finds ways to make payments easier on $110 billion of problem mortgages.
Within the next 90 days, the bank, which two weeks ago accepted a $25 billion cash infusion from the [...]
Filed under: Easy Money, Finance, Financial News, Investing, Mortgage Information, Real Estate, Will Make you Smile, federal reserve, housing crisis | 1 Comment »
