This week, the Congressional Oversight Panel recommended that the nation’s big banks be stress tested again, because if problems with mortgage-backed securities are widespread, the consequences could be dire. Now, the Fed has a…
Demand for mortgage loans rose last week, driven by low interest rates.
The Mortgage Bankers Association said its Market Composite Index rose 5.8% on a seasonally adjusted basis from a week earlier. The index measures the volume of applications for loans. Demand for loans for new homes gained 5.5%, while the number of applications for loans to refinance rose 6%.
“The increases in…
Continue reading Mortgage Applications Rise, Thanks to Low Interest Rates
Mortgage Applications Rise, Thanks to Low Interest Rates originally appeared on DailyFinance on Wed, 10 Nov 2010 08:21:00.
Filed Under: Economy, Real Estate, Credit
General Motors Financial reported Tuesday its earnings nearly doubled in the third quarter compared to last year, aided by a drop in expenses.
Continue reading Profit at GM’s Finance Arm Nearly Doubles in Third…
Citigroup on Monday morning reported third quarter net income of $2.2 billion, topping Wall Street estimates and marking its third consecutive quarterly operating profit. Citi shares were up as much as 2.3% in premarket tradin…
Putting the brakes on the bill, which the House of Representatives passed in April and the Senate approved last month, signals caution at a time when allegations of flawed foreclosure documents are popping up across the nation….