Update 2: Freddie Mac Announces Changes in Division
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Mortgage giant Freddie Mac announced Monday that it is shutting down some operations of its debt-securities sales division and transferring others - moves that experts said should tighten the company&#39;s internal controls after an accounting scandal.
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Mortgage giant Freddie Mac announced Monday that it is shutting down some operations of its debt-securities sales division and transferring others - moves that experts said should tighten the company's internal controls after an accounting scandal.
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Mortgage rates edged up slightly this week, putting an end to a two-week decline, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.
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MCLEAN, Va. -- Mortgage rates have eased with help from last week&#39;s disappointing government numbers on new jobs. The mortgage company Freddie Mac reports that 30-year fixed-rate mortgages now average 5.74 percent, down from 5.82 in last week&#39;s survey.
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Investor profiles are shifting, regulations are changing and buyouts are starting to heat up.
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Mortgage rates rose this week, although 30-year mortgages were still below the 6 percent level for a fourth week, Freddie Mac said Thursday.
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Interest rates on US 30-year and 15-year mortgages have moved lower following last week&#39;s disappointing jobs report that suggested economic growth had slowed, mortgage finance company Freddie Mac said on Thursday.
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Average interest rates for U.S. mortgages dropped for the fourth week in a row, to levels not seen since the beginning of the year, according to a survey released by finance company Freddie Mac  on Thursday.
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Mortgage rates reversed a two-week climb this week, according to Freddie Mac&#39;s weekly mortgage survey. Freddie Mac reported that the 30-year fixed-rate mortgage averaged 5.74 percent for the week ended today
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By Carol Hazard  The Bank of Richmond is no longer of Richmond.  Yesterday, it became part of Gateway Financial Holdings Inc.
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The move puts more pressure on the company to close its subprime mortgage unit and shed other divisions not tied to the core tax business.
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The discount retailer's forced to reorganize its flagging apparel business.
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The health insurer said it planned to reorganize into two divisions to meet the needs of the growing elderly population.
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Bank of America says it&#39;s moving one of its four major business lines to Boston. The news of the decision to move the Wealth and Investment Management Business to Boston comes
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Bank of America Corp. will move its Wealth and Investment Management division to its Boston offices. Of 10 senior executives that will be based in Boston, only two will come from Charlotte.
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JP Morgan Chase &amp; Co. on Tuesday shuffled top management at the firm which led to chief financial officer Dina Dublon resigning from the Wall Street giant and investment banking chairman David Coulter being reassigned to control West Coast operations.
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US mortgage finance giant Fannie Mae (FNM.N: Quote, Profile, Research) said on Tuesday the Securities and Exchange Commission had changed the status of its investigation of the company&#39;s accounting to formal from informal.