Topic: Home Financing
Fed emergency loans to banks continue to decline
AP News
Banks again reduce their borrowing from Federal Reserve's emergency loan windowBanks borrowed less from the Federal Reserve's emergency lending program over the past week, another sign that strains on private credit markets are easing. Commercial banks averaged $14.77 billion in daily borrowing for the week that ended ...
Gov't cracks down on loan help payments
AP News
Regulators propose ban on upfront payments for foreclosure assistanceThe government is cracking down on companies that advertise help for troubled homeowners but often turn out to be scam artists. The Federal Trade Commission said Thursday it would propose to ban those foreclosure rescue services from collecting payment up front. Instead ...
Mortgage rates edge up slightly
AP News
Average rates for 30-year fixed mortgages inch above 5 percent this weekRates on 30-year fixed mortgages rose slightly this week, inching above 5 percent, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage was 5.01 percent this week, up from 4.98 percent last week. Last ...
More consumers pay credit card before mortgage: study
Reuters US Online Report Domestic News
NEW YORK (Reuters) - More and more consumers are giving greater priority to paying credit card debt than making a mortgage payment, showing increased financial duress, according to a report released on Wednesday. As the economy climbs out of the worst recession in decades and unemployment remains high, financial strains have ...
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