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House backs Obama's bid to revamp student loans
(Reuters)
Reuters - The Democratic-led House of Representatives on Sunday approved President Barack Obama's bid to implement what would be the biggest overhaul in decades of the federal student loan program.
03/21/2010 - 10:38 PM
In student loan plan, Obama looks for another win
(AP)
AP - With health care dominating House action, President Barack Obama was looking for another domestic policy victory Sunday — passage of a vast rewrite of college aid for needy students.
03/21/2010 - 05:53 PM
Great Wolf to offer $225M of mortgage notes
(AP)
AP - Indoor waterpark resort company Great Wolf Resorts Inc. said Friday it plans to offer $225 million of first mortgage notes due 2017.
03/19/2010 - 04:15 PM
House GOP calls for Fannie, Freddie phase out
(Reuters)
Reuters - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to restore stability to the housing market.
03/19/2010 - 03:42 PM
Visteon retirees file emergency motion on benefits
(AP)
AP - Former workers for auto parts supplier Visteon Corp. are pushing ahead with their fight to preserve their retiree health and life insurance benefits.
03/19/2010 - 12:39 PM
Why the U.S. Won't Leave Iraq
(The Motley Fool)
The Motley Fool - If, like me, you're a fan of Austin-based Stratfor, the highly regarded global intelligence firm, you'll likely have an interest in a report put out recently by the firm's founder and CEO George Friedman called "Thinking About the Unthinkable: A U.S.-Iranian Deal."
03/19/2010 - 11:24 AM
The Unseen Risk Stalking Your Portfolio
(The Motley Fool)
The Motley Fool - It's not the risk of low interest rates or reckless fiscal policy. Nor is it the shaky securitization market or unsustainable GDP growth.
03/19/2010 - 10:57 AM
Credit scores can drop after getting loan help
(AP)
AP - Some homeowners who sign up for the government's mortgage assistance program are getting a nasty surprise: Lower credit scores.
03/19/2010 - 10:26 AM
Student aid linked to health care gets a trim
(AP)
 AP - Congressional Democrats on Thursday trimmed their original student loan plans, reduced spending for community colleges, and eliminated early childhood money from a broad rewrite of a college aid bill piggybacked on to fast-track health care legislation.
03/18/2010 - 10:04 PM
America's Most Underwater Housing Markets
(U.S. News & World Report)
U.S. News & World Report - Negative equity--what you have when you owe more on your home loan than the property is worth--is one of the defining features of the still-unfolding mortgage crisis. It's a particularly nasty problem because it can lead to all sorts of unpleasant outcomes for the real estate market and the economy as a whole. Having negative equity, which is also known as being "underwater" on a mortgage, makes homeowners more likely to end up in foreclosure. It restricts a borrower's ability to refinance or buy another home, which in turn stifles demand for housing. ...
03/18/2010 - 04:09 PM
Five Homegrown Growth Stocks
(The Motley Fool)
The Motley Fool - Proponents of diversification extol the virtues of spreading your investments over different assets, sectors, and geography. The last part in this holy trinity geography is particularly captivating to a growing cadre of investors.
03/18/2010 - 03:03 PM
Mortgage rates still below 5 percent
(AP)
AP - Mortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates at or near record lows.
03/18/2010 - 10:16 AM
Fed's Bernanke sees U.S. backing Fannie, Freddie debt
(Reuters)
Reuters - Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain U.S. government backing should Congress create a new system for financing U.S. homes, Federal Reserve Board Chairman Ben Bernanke said on Wednesday.
03/17/2010 - 05:07 PM
Parsing the Fed's Statement: Experts Weigh In
(The Motley Fool)
The Motley Fool - Surprise, surprise. As expected, the Federal Reserve on Tuesday held short-term interest rates unchanged at historic lows and maintained that it will keep rates low for an extended period of time. The central bank also reiterated its pledge to stop buying mortgage-backed securities at the end of this month. However, the Fed did upgrade its assessment of the economy.
03/17/2010 - 03:12 PM
Moving target: Goal for foreclosure aid in dispute
(AP)
AP - Last year, the message was clear. Now it is murky.
03/17/2010 - 02:52 PM
Wells Fargo signs up for loan modification program
(AP)
AP - Wells Fargo & Co. has become the second bank to sign up for a government program to modify second mortgages.
03/17/2010 - 01:15 PM
Bailout watchdog to audit gov't mortgage program
(AP)
AP - The federal bank bailout watchdog is planning to scrutinize the formula used by mortgage companies to evaluate borrowers for the Obama administration $75 billion mortgage relief program.
03/17/2010 - 12:12 PM
Fannie Mae slashes mortgage investment forecast
(Reuters)
Reuters - Fannie Mae, the largest provider of U.S. residential funding, on Wednesday slashed its forecast for residential investment this quarter following a "setback" in home sales, and warned on its impact on the economic recovery.
03/17/2010 - 10:25 AM
Getting a Mortgage Without Perfect Credit
(BusinessWeek)
BusinessWeek - The government keeps promoting programs designed to help existing homeowners refinance their mortgages at a lower rate, as well as get perspective buyers into homes. In other words, Uncle Sam says he's here to help. "Phooey," say homeowners and prospective homeowners, who keep complaining that it is ridiculously hard to get a mortgageor refinance one. Can both sides be right? Unfortunately, yes. But if you are willing to do a bit more work than in the past, it is possible to lower your mortgage rate to 5% or arrange to buy your first home. It is clear that there is pent-up demand to do both. ...
03/17/2010 - 07:08 AM
When Will Mortgage Rates Go Up?
(BusinessWeek)
BusinessWeek - Over the last several months, I've written a lot about the current state of residential real estate, and the opportunities made available by the combination of lower housing prices and falling interest rates. As we approach the end of this year's residential real estate buying-and-selling season, this is a good time to start thinking about what might lie ahead.
03/17/2010 - 07:08 AM
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