U.S. to lower ceiling on mortgages it backs On Oct. 1, in a continuing effort to extricate itself slowly from the mortgage business, the federal government will reduce the size of loans it will back from $729,700 to $625,500. Read more on Philly.com
Tag Archives: U.S.
Get ready for a stable U.S. housing market
Get ready for a stable U.S. housing market Maury Harris, chief U.S. economist at UBS, sees the housing market stabilizing this year Read more on The Globe and Mail
U.S. Sues Deutsche Bank Over Mortgage Practices
U.S. Sues Deutsche Bank Over Mortgage Practices The government says the bank and its mortgage unit lied to be included in a federal program to insure mortgages. Read more on New York Times
Emerging-Market Stocks Rise on U.S. Housing Data, Intel’s Sales Forecast
Emerging-Market Stocks Rise on U.S. Housing Data, Intel’s Sales Forecast Emerging-market stocks rose the most in almost five months as better-than-expected U.S. economic data and earnings from companies including Intel Corp. and PSA Peugeot Citroen raised confidence in the global economy. Read more on Bloomberg
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Mortgage Rates Remained Flat This Week Due To Mixed U.s., Global Economic Issues
Mortgage Rates Remained Flat This Week Due To Mixed U.s., Global Economic Issues Mortgage interest rates did not move much from their previous level this week as the strengthening U.S. stock market, climbing oil prices and concerns about civil unrest in Egypt applied upward and downward pressure on home loans, seemingly in equal measure. The [...]
Clark Says Toronto-Dominion Focused on U.S. Mortgages
Clark Says Toronto-Dominion Focused on U.S. Mortgages Feb. 2 (Bloomberg) — Edmund Clark, chief executive officer of Toronto-Dominion Bank, speaks with Bloomberg’s Erik Schatzker about the bank’s fiscal outlook and business strategy. Read more on Bloomberg
U.S. requires details on loans backing securities tied to mortgages, cards
U.S. requires details on loans backing securities tied to mortgages, cards WASHINGTON – U.S. regulators are requiring firms selling securities tied to mortgages, credit cards and student loans, which froze during the financial crisis, to publicly report information on the loans that back them. Read more on Brandon Sun
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Prime U.S. Mortgage Foreclosures Increase to Record
Prime U.S. Mortgage Foreclosures Increase to Record Foreclosures on prime fixed-rate mortgages in the U.S. jumped to a record in the third quarter as unemployment strained household budgets of the most credit- worthy borrowers. Read more on BusinessWeek
Pending Sales of U.S. Existing Homes Probably Dropped in July
Pending Sales of U.S. Existing Homes Probably Dropped in July The number of contracts to buy U.S. previously owned homes probably fell for a third straight month in July, signaling housing will be depressed for the rest of the year. Read more on BusinessWeek
Sales of U.S. Existing Homes Fall More Than Forecast
Sales of U.S. Existing Homes Fall More Than Forecast Sales of U.S. previously owned homes slumped more than forecast in July and the number of unsold houses swelled, evidence the market is depressed by foreclosures and limited job growth. Read more on BusinessWeek