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loan mortgage washingtonAs President Obama kicked off a "listening tour" today to reassure Americans he feels their economic pain, new numbers demonstrated how much pain still remains. The Labor Department reported this morning that the national unemployment rate dropped ... Read more
Jobless rate falls slightly as Obama starts jobs tour - Boston GlobeFor the first time in decades, Washington is daring to tackle financial reform. It took the collapse of the whole sector and the resulting public outrage to get them started, and it will take pressure to keep them going. It’s not certain that ... Read more
Three steps to save Wall Street - Register CitizenReporting from Washington - About 25% of borrowers helped under the administration's massive foreclosure prevention plan have already fallen behind on their new mortgage payments, according to government data that raise new questions about the ... Read more
Many homeowners with modified mortgages are behind on payments - Los Angeles TimesWASHINGTON (AP) - The Federal Reserve has expanded the field of credit rating agencies that determine the eligibility of securities pledged for loans in a government program aimed at sparking more consumer and business lending. The Fed on Friday ... Read more
Fed opens TALF ratings to more agencies - KTVZ.comRegulators have shut down six more banks, bringing to 130 the number of U.S. banks to be brought down so far in 2009 by recession and mountains of bad debt. The Federal Deposit Insurance Corp. on Friday took over... Obama shifts Copenhagen visit to ... Read more
Regulators shut AmTrust Bank in Ohio, 5 others 12:06 - Town HallFor a volatile week in global markets, the S&P500 gained 1.3% (up 22.4% y-t-d), while the Dow added 0.8% (up 18.4% y-t-d). The Banks rallied 2.7% (down 0.2%), and the Broker/Dealers jumped 3.9% (up 48.9%). The Morgan Stanley Cyclicals gained 2.8% (up ... Read more
Malpass Spot-On - Safe Haven... latest troubles of the program, known as Making Home Affordable. Earlier this week, Treasury officials announced a campaign to put new pressure on lenders to do more to move struggling homeowners into loans ... initial loan modification, he said ... Read more
Quarter of borrowers in anti-foreclosure plan are behind - Washington PostWASHINGTON (AP) — The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. The rate, published Thursday by Freddie Mac, is the ... Read more
12-5 At Home: style & trends - Edmond SunWASHINGTON -- Regulators have shut down big Ohio bank AmTrust Bank. They also closed three banks in Georgia Friday, bringing to 128 the number of U.S. bank failures this year in a climate of economic struggle and deepening loan defaults. The Federal ... Read more
Regulators shut AmTrust Bank in Ohio - The Sun News... mortgage, owe more on their home loans ... Rates on one-year, adjustable-rate mortgages fell to 4.25 percent from 4.35 percent. The rates do not include add-on fees known as points. One point is equal to 1 percent of the total loan amount. Read more
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