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Obama plans to keep Republican FDIC chair Bair: report - Boston Globe
WASHINGTON (Reuters) - Democratic President-elect Barack Obama intends to retain Federal Deposit Insurance Corp head Sheila Bair, who has pushed for fast mortgage modifications, according to a report on Wednesday. Citing Democratic officials, The ...

Pay lenders to stem U.S. foreclosures-report - Reuters
WASHINGTON, Jan 7 (Reuters) - The U.S. government should pay mortgage finance companies to rewrite troubled loans and steer homeowners away from default, according to recommendations from legal and finance scholars released on Wednesday. "(Mortgage ...

Mortgage applications down in latest survey - KATC 3
WASHINGTON (AP) - Fewer people are diving into the refinancing pool, sending mortgage applications tumbling last week. The Mortgage Bankers Association says its application index fell 8.2% for the week ended last Friday after applications surged last ...

Lofgren sees higher jumbo mortgage limits returning - San Jose Business Journal
Higher jumbo mortgage loan limits will be part of the highly-anticipated economic stimulus package coming from Washington early this year, U.S. Rep. Zoe Lofgren said Wednesday. A temporary increase in the limit for lower rate conforming mortgages to ...

US mortgage rates fall to lowest level in decades - Newstrack India
Washington, Jan 1 (DPA) Mortgage rates for 30-year-fixed home loans in the US fell for the ninth straight week and to their lowest level in 37 years, according to a report released Wednesday by financier Freddie Mac. The rate dropped in the final ...

Paulson says changes needed at Fannie, Freddie - Washington Post
Treasury Secretary Henry M. Paulson Jr. today called for abolishing Fannie Mae and Freddie Mac and replacing them with highly-regulated utilities that would play a more narrow role in supporting the U.S. housing finance system. In what the Treasury ...

Investors buy $558 million in mortgages from FDIC - WTOP Radio
WASHINGTON (AP) - A group of private investors including former executives of Countrywide Financial Corp. has purchased $558 million in home mortgages from the government in a deal involving assets of the failed First National Bank of Nevada, the ...

Treasurys down after $30 billion note auction - Washington Post
NEW YORK -- Treasurys fell in trading Wednesday despite a decent note auction, as investors grew more reticent about pouring money into government debt. The Treasury Department sold a record $30 billion in three-year notes to more than twice as many ...

Waiting for Dodd - Wall Street Journal
With the opening of the 111th Congress yesterday, all of Washington is tingling with the allure of a fresh start. Not so fast. We've got some leftover business from the 110th Congress -- namely, Chris Dodd's July 2008 promise to release the details ...

Mortgage Apps Fall, Household Apps Rise, MBA Reports - Nuwireinvestor.com
Lenders have seen a refinancing boom in recent weeks, but the last week saw a notable decline in mortgage application acitivity and an increase in volume for household applications . For more on this, read the following article from HousingWire ...



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