Tag Archives: finance company

Mortgage Interest Rates, Home Sales Rise

These two indicators often run together. With increased demand for home buys and mortgages, interest rates rise. With fewer people interested in buying homes and taking on mortgages, interest rates fall. Record low interest rates have not been enough to … Continue reading

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Mortgage Interest Rates Steady

Mortgage interest rates remain near record lows. Borrowing costs have never been cheaper. Homes have never been cheaper. Why? Because there’s so little demand to buy a new home and to take on a mortgage. With so many people out … Continue reading

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Fannie Mae Decides Against Hiking Fees

From Business Week: Mortgage finance company Fannie Mae, seized by the federal government last month, is canceling a fee hike for new mortgages. Fannie Mae said Thursday that a fee introduced last year will remain at 0.25 percent of the … Continue reading

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Housing Crisis Swamps Auto Industry

From the New York Times: The auto industry is getting sideswiped by the housing crisis. Auto lenders and banks, closing their wallets, have prevented hundreds of thousands of consumers from getting the financing for a car. Not only is the … Continue reading

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Freddie Mac’s Accounting Tricks

From the New York Times: Freddie Mac beat Wall Street’s expectations in the first quarter, but the mortgage finance company didn’t vanquish concerns about its ability to weather the housing bust. Changes in accounting practices helped McLean, Va.-based Freddie Mac … Continue reading

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