HUD Secretary to Resign
Mon, 31 Mar 2008 08:47:54 EST - NEW!
Reuters is reporting that the Secretary of Housing and Urban Development will announce his resignation Monday morning
Treasury Proposes State-Rating Mortgage Panel
The Treasury Department is proposing a federal Mortgage Origination Commission that would rate the adequacy of state regulation and licensing of mortgage lenders and brokers as part of a larger plan to restructure the financial regulatory system.
FDIC Orders Fremont to Recapitalize Sub
The Federal Deposit Insurance Corp. has sent Fremont General Corp., Brea, Calif., and its subsidiary Fremont General Credit Corp....
Company Acquiring Lender, Brokers
Fortress Financial Group Inc. is assembling a subprime consumer finance products group with the acquisition of a lender and a bank and the large-scale acquisition of mortgage brokers. (March 31)
The Dollar and the Credit Crunch
[2008-03-31] ``The Fed responds to the credit crunch by cutting interest rates, which would be the seemingly correct textbook strategy if the...
West Palm Beach to open foreclosure help center
“For many, the national dream of home ownership has turned into a national nightmare of foreclosure.” In a state where foreclosures are up nearly 70% from a year ago, this South Florida city is doing what it can to help keep people in their homes.
New home sales dip, long-term rates falling Mar 26, 2008
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes fell to a 13 year low in February.
