Major Changes Set for Backer of Mortgages
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Fannie Mae, the nation's largest mortgage buyer, agreed to major changes in its accounting and management practices.
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WITH economists holding mixed views on the future course of interest rates, homebuyers face difficult choices when trying to decide which type of mortgage to go for.
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H&R Block looks to unwind a blockheaded move into subprime mortgages.
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EVEN MORTGAGE lenders cannot get their arms around the dramatic changes in the industry over the past several months. The fall of the subprime mortgage market and the subsequent resetting of underwriting guidelines, increases in foreclosure filings, and consumer anxiety have been dramatic to both borrower and lender alike.
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Records raise new questions about the business practices of the giant mortgage lender at the center of the subprime mess.
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By Malcolm Moore, Economics Correspondent (Filed: 26/11/2004). Increasing numbers of homeowners are renegotiating their mortgages to take advantage of the slowing property market, the British Bankers Association said yesterday.
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Business & money: Mortgage lending rose to record levels last month as borrowers reacted to further interest rate rises.
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Changes to rules governing tax-free ISAs are changed by the government to allow more flexibility.
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By agreeing to its regulator&#39;s demands, the mortgage titan has largely defanged its critics and distanced itself from scandal.
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Mortgage company raises financing using mortgages as collateral.
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Investor profiles are shifting, regulations are changing and buyouts are starting to heat up.
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Plan to bail out struggling sub-prime mortgage defaulters soothes troubled financial markets.
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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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There was a sharp slowdown in mortgage lending last month, says the Council of Mortgage Lenders.
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Fannie Mae and Freddie Mac will raise by 7.8 percent the limit on the size of single-family-home mortgages they will purchase, increasing the pool of home buyers who will qualify for lower-cost financing.
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The US Department of Housing and Urban Development (HUD) will propose an easing of rules that will require Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.
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Move follows government's failure to to find buyer for stricken mortgage lender