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Mortgages

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Mortgages Articles

Fannie Mae to Drop Down Payment Rules in Worst Areas

May 16 (Bloomberg) -- Fannie Mae , the largest U.S. mortgage- finance provider, will stop requiring bigger down payments in regions where home prices are dropping, responding to criticism from consumer and industry groups who said the company is exacerbat

Blue Chip, Bridgecorp under investigation from the SFO

The Serious Fraud Office has launched investigations into both failed finance company Bridgecorp, and the Blue Chip property investment scheme. The SFO made the announcement a short time ago.

Cullen sticks to tax cut line

Families with mortgages would gain more if interest rates kept falling than they would from planned tax cuts in next week's Budget, Finance Minister Michael Cullen said yesterday.

Auction-Rate Collapse Costs Taxpayers $1.65 Billion

May 16 (Bloomberg) -- In 2003, the Culinary Institute of America outgrew a former Jesuit seminary building on its Hyde Park, New York, campus. So it asked Edward Shapoff , a Goldman Sachs Group Inc. banker on its finance committee, for advice on borrowing

Freddie Mac loss widens less than feared

Freddie Mac posted a smaller-than-expected quarterly loss on Wednesday and the second-biggest U.S. home-finance company said it would raise capital to expand, sparking a rally in its shares.