Banks facing limits on mortgage lending (Daily Telegraph)
Friday, April 30th, 2010Banks will face legal limits on the mortgages they offer customers in future after the City watchdog ruled that they could not be trusted to lend responsibly.source
Archive for April, 2010
Banks will face legal limits on the mortgages they offer customers in future after the City watchdog ruled that they could not be trusted to lend responsibly.source
Foreclosures force renting families onto street (INO News)
Thursday, April 29th, 2010(AP:LOS ANGELES) Clutching pajamas for her three youngest kids, Janice Johnson straggled into a Skid Row homeless shelter on a recent night, frustrated and weary from another fruitless apartment hunt.source
Fed to buy up to $300 billion long-term Treasury bonds (Everett Herald)
Wednesday, April 28th, 2010WASHINGTON -- The Federal Reserve announced today it will spend up to $300 billion over the next six months to buy long-term government bonds, a new step aimed at lifting the country out of recession by lowering rates on mortgages and other consumer debt.source
Americans Refinance (Forbes)
Tuesday, April 27th, 2010As rates fall, mortgage applications rise, but few are for home purchases.source
For Playing Solitaire or Saving the Economy (New York Times)
Monday, April 26th, 2010In 1907, the financier J.P. Morgan called top bankers to his private study for an emergency meeting to rescue the nation?s financial system.source