Ten of the nation’s leading banks won approval from the U.S. Treasury to repay about $68 billion in TARP funds, the government said Tuesday. “These repayments are an encouraging sign of financial repair, but we… Ten Banks to Pay Back $68 Billion in TARP Funds
The unemployment rate rose to 9.4% in May from 8.9% in April, according to a report released today by the Department of Labor. The pace of job cuts is slowing and the month of May… Unemployment Rate at 9.4% for May 2009
Delinquencies in commercial and multi-family residential mortgages continued to rise during the first quarter of 2009 due to the weak economy and an ongoing credit crunch, according to a report released on Tuesday by the… Mortgage Delinquencies Continue to Rise
Pending home sales rose for the third month in a row in April, boosted by low interest rates, affordable home prices, and the $8000 first-time homebuyer’s credit. According to a report released today by the… Pending Home Sales up 6.7% in April 2009
The volume of mortgage applications rose slightly last week, according to a report released Wednesday by the Mortgage Bankers Association. Last week’s mortgage loan application volume, as measured by the Market Composite Index, was 915.9,… Mortgage Application Volume Rose Last Week
Continuing job losses remain severe, according to a report release by the Labor Department on Thursday. While the number of initial jobless claims dipped slightly last week, this is mostly because it is being compared… Initial Jobless Claims Still High
In these difficult times, fraudsters are working under the guise of the federal government to trick struggling homeowners. President Obama announced the Making Home Affordable program earlier this year as part of the effort to… Internet Scam Targets Troubled Homeowners
President Obama held a town meeting on Thursday in Rio Rancho, New Mexico to discuss his plans for immediate reform of the credit card industry. “It’s time for strong and reliable protections for our consumers.… Obama: Credit Card Bill of Rights by Memorial Day
Home sales in the first quarter of 2009 reflect that home buyers have been bargain hunting, according to a report released on Tuesday by the National Association of Realtors (NAR). First-time home buyers accounted for… Distress Sales Skewing Median Existing-Home Sales Price
The Federal Trade Commission reported on Monday that it is investigating a California-based mortgage lender for violating the Equal Credit Opportunity Act (ECOA) by pricing loans according to the applicant’s race or nationality. According to… Mortgage Lender Being Investigated for Charging Hispanics More for Loans