Mortgage rates drop to new low of 4.57 pct.

Thursday, July 8th, 2010

Mortgage rates fell for the second straight week to the lowest point in five decades. But many people either don't qualify for new mortgages or have already taken advantage of the low rates this year.---read the article

Mortgage Applications Rise As Rates Fall

Wednesday, July 7th, 2010

Applications for home loans climbed nearly 7 percent last week as consumers raced to refinance at the lowest rates in decades. New mortgages taken out to purchase homes fell 2 percent. The average rate for a 30-year fixed loan sank to a record low 4.58 percent last week.---read the article ...

Mortgage rates scream buy, but who is listening?

Saturday, July 3rd, 2010

An odd scene has been playing out lately in the offices of mortgage brokers and bankers around the country.--- read the article

Ex-AIG official defends role in buildup of mortgage-backed securities

Wednesday, June 30th, 2010

Joseph Cassano appears before Congressional panel probing meltdown--- read the article

UK’s Northern Rock made risky loans after rescue (The Malaysian Insider)

Sunday, May 16th, 2010

LONDON, March 20 — British mortgage lender Northern Rock continued to write high-risk loans for months after authorities stepped in to give the bank emergency support, a public spending watchdog said today. Northern Rock became the first British bank to fall victim to the financial crisis in September 2007 when ...

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