Sandra Braunstein Spoke Today about the Community Reinvestment Act
February 13th, 2008Sandra Braunstein spoke today at the Committee on Financial Services regarding challenges facing Community Reinvestment programs. More »
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Mortgage News
Florida Home Builder’s Daughter Defaults on Sales Contract
February 11th, 2008Wendy Topkis, the daughter of Toll Brothers co-founder and Vice Chairman Bruce Toll, is walking away from a Florida condo. More »
House to Vote on Stimulus Bill Today
February 7th, 2008The Senate approved a revised version of the 170 billion dollar economic stimulus package created by Bush and Congress a few weeks back. More »
Homeowners Insurance In Florida Will Remain High
February 5th, 2008An executive of The Hartford told Florida lawmakers today that the group would need five or six more years of strong profits to recoup losses from 2004 and 2005 hurricane seasons. More »
Investor Files Suit Against Sallie Mae
January 31st, 2008Investor Robert Burch filed a class action suit against Sallie Mae on Thursday, accusing the company of misleading investors about the company’s subprime mortgage exposure. More »
Make a Poor Investment? Just Sue Someone!
January 31st, 2008Florida Attorney General subpoenaed Countrywide Financial today as a part of a widening investigation into subprime lending practices. More »
Federal Reserve Expected to Cut Rates .5 Percent Today
January 30th, 2008At 2:15 PM today the Federal Reserve is expected to drop rates by a half of a point as part of an ongoing effort to combat the effects of the housing slump and credit crunch on the economy. More »
Economic Growth Drops to Five Year Low
January 30th, 2008The gross domestic product, which measures total goods and services output within US borders, hit a weaker than expected five year low of .6% in the fourth quarter of 2007. More »
S&P Shriller Home Price Index Reports 8.4 Percent Home Price Drop
January 29th, 2008Today S&P Case-Shriller Home Price Index, which reports US home prices in 10 major metropolitan areas, fell a record 8.4 percent for 2007 through November. More »
Futures Price Out Another .75 Percent Rate Cut
January 25th, 2008Wall Street is now speculating that the Federal Reserve will lower interest rates another .75 percent next week on the 30th. More »