What's the Point of Buying Mortgage Points?
July 14, 2008
Learn when, why, how and if you should buy mortgage points when buying a home or refinancing your mortgage. Sometimes it makes great financial sense to buy mortgage points.
What's the Point of Buying Mortgage Points?
July 14, 2008
Learn when, why, how and if you should buy mortgage points when buying a home or refinancing your mortgage. Sometimes it makes great financial sense to buy mortgage points.
Preview: Inflation Focus at Bernanke's Semi-Annual Testimony, Say Experts
July 14, 2008
A hawkish testimony and mostly unchanged rhetoric are
expected from Fed Chairman Ben Bernanke on Tuesday, as the head of the
U.S. central bank delivers the first of a two-day semiannual testimony to
congress.
Fed is Moving into Consumer Protection Role on Mortgages
July 14, 2008
Speaking at the Federal Reserve open meeting on mortgage
rules, Federal Reserve Chairman Ben Bernanke said the new rules
will be aimed at protecting consumers from deceptive practices.
Regulators Hasten to Assure Depositors that their Money is Secure as IndyMac is put into Receivership
July 14, 2008
Federal regulators and Bush Administration officials spent the weekend
reassuring bank depositors nationwide that their
deposits are secure and, as the ads say, insured by the Federal Deposit
Insurance Corporation (FDIC).
Action-Packed Week for U.S. and Canadian Markets
July 14, 2008
According to strategists and economists, markets will be looking for
some direction next week with the release of major economic reports. In
the U.S., markets will receive PPI, CPI, retail sales, FOMC
minutes and regional manufacturing reports on top of Fed
Chairman Ben Bernanke testifying before Congress and the Senate. In
Canada, markets will focus on the Bank of Canada’s interest rate decision
and monetary policy report.
Paulson and Bernanke Come to the Rescue of Fannie Mae and Freddie Mac
July 14, 2008
The U.S. government flew to the rescue of GSEs Fannie Mae and
Freddie Mac over the weekend with Treasury Secretary Henry
Paulson announcing that the government would increase the failing bond
insurers’ line of credit, have the temporary ability to purchase equity
and that the Fed would be available to make emergency loans.