MORTGAGE

Oil Prices Cloud Economic Outlook: Fannie Mae

A man pumps gas into his vehicle at a petrol station in New York
An unexpected jump in oil prices and the potential for further tightening of fiscal policy suggest less economic momentum than previously believed, according to the March 2011 Economic Outlook released today by Fannie Mae's (OTC Bulletin Board: FNMA) Economics & Mortgage Market Analysis Group.

Existing home sales fell sharply in February

Home owners speak with a Freddie Mac representative in Phoenix
Existing home sales in the US fell more than expected in February, indicating an uneven recovery in the housing industry. Sales of previously owned homes dropped 9.6 percent to 4.88 million in February compared with an upwardly revised figure of 5.40 million in January, the National Association of Realtors said on Monday.
More news
IBTimes Logo

Wealth Building Strategies in Energy, Metals and Other Markets

This just-in-time book will help any investor find safe havens that will turn the economic downturn into a unique wealth-building experience. As long as stocks continue to post new highs and surprising lows, investors will need dynamic strategies to make a profit. Wealth Building Strategies in Energy, Metals, and Other Markets explains that money management and long-term trend identification are the keys to investing success.
U.S. Stocks

China shares rise, HK struggles as HSBC weighs

Chinese shares rose on Tuesday on decent volume suggesting further strength ahead, while markets in Hong Kong struggled to hold gains under pressure from a near 5 percent slide in heavyweight HSBC.
IBTimes Logo

Ex-Colonial Bank exec to plead to criminal charges

A former executive at Colonial Bank, which collapsed in part because of its close ties to the now-bankrupt Taylor, Bean & Whitaker Mortgage Corp, is expected to plead to criminal charges on Wednesday.
IBTimes Logo

Fewer in U.S. deem homeownership a safe investment

Homeownership as an investment is no longer the rock-solid foundation for the American Dream it once was, according to a survey released on Monday by the firm the government created in the 1930s to promote homeownership.
China urges strict execution of property measures

China urges strict execution of property measures

China has ordered local authorities to implement existing property tightening measures or face punishment, the official Xinhua news agency said on Sunday, reflecting Beijing's resolve to tame sky-high property prices.
A man protests outside the Department of the Taoiseach in Dublin

Indebted Irish take revenge in crisis poll

Irish voters went to the polls on Friday to punish their government for bringing the former Celtic Tiger economy to its knees and leaving it a ward of the European Union and International Monetary Fund.
IBTimes Logo

The Goldwatcher: Demystifying Gold Investing

Why did the price of gold hit record highs in 2008? Take a look at the headlines - government bailouts of failed banks, mortgage and credit crises, rising inflation, slowing growth and global insecurity. In order to protect themselves from treacherous financial markets and depreciated paper currencies investors worldwide are turning to gold.
IBTimes Logo

Freddie Mac exec facing possible SEC charges

A top Freddie Mac executive received notice the government may file charges against him for allegedly violating securities laws in the years leading up to the housing bust, according to a regulatory filing released on Thursday.
Sun Hung Kai, Guoco said to be tapped for $3 bln fund

Sun Hung Kai, Guoco said to be tapped for $3 bln fund

A Chinese state company has tapped Sun Hung Kai Properties Ltd and Guoco Group Ltd as potential investors for a fund that aims to raise up to 20 billion yuan ($3.1 billion) to develop Shanghai's Bund district, a source said on Thursday.
A foreclosed home is seen in Bullhead City, Arizona,

GMAC scores victory in court over Maine homeowners

A federal court is on the verge of throwing out a lawsuit filed by Maine homeowners facing foreclosure action against Ally Financial Inc.'s GMAC mortgage unit, which has been accused of wrongful foreclosure practices.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.