Filed Under: Uncategorized by: Yahoo! News: Personal Finance News

Mortgage rates hit low of 4.54 percent (AP)

In this photograph taken July 26, 2010, new townhouses for sale are shown in Beaverton, Ore. Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making homebuying and refinancing the most attractive in decades for those who can get loans. (AP Photo/Don Ryan)AP - Mortgage rates are the most affordable in decades for those who can qualify for a loan.


Filed Under: Uncategorized by: Yahoo! News: Personal Finance News

Citigroup settles charges over misleading investors (AFP)

US bank Citigroup agreed Thursday to pay a 75-million-dollar fine to settle charges it misled investors about exposure to subprime mortgage-related assets, the Securities and Exchange Commission said.(AFP/Getty Images/File/Spencer Platt)AFP - US bank Citigroup agreed Thursday to pay a 75-million-dollar fine to settle charges it misled investors about exposure to subprime mortgage-related assets, the Securities and Exchange Commission said.


Filed Under: Uncategorized by: Yahoo! News: Personal Finance News

(AP)

AP - Mortgage rates drop to 4.54 pct., hitting lowest level on record for fifth time in six weeks.
Filed Under: Uncategorized by: Yahoo! News: Personal Finance News

Mortgage lenders must register in database (AP)

AP - Loan officers at banks will be required to provide their names and fingerprints to a national database as part of an effort to crack down on shady operators who fed the real estate bubble.
Filed Under: Uncategorized by: Yahoo! News: Personal Finance News

Treasury says latest mortgage-aid report flawed (AP)

AP - The Obama administration is revising the latest report on its troubled mortgage-relief program, and the changes are likely to show a greater number of borrowers facing foreclosure after having their loans modified.
Filed Under: Uncategorized by: Yahoo! News: Personal Finance News

Goldman and Citigroup to sell $788.5 million CMBS (Reuters)

Reuters - Goldman Sachs Group Inc and Citigroup Inc will sell a $788.5 million commercial mortgage-backed security, according to a term sheet sent to investors, in the largest deal of its kind since volume began crawling back after the financial crisis.
Filed Under: Uncategorized by: Yahoo! News: Personal Finance News

Summary Box: Mortgage applications down percent (AP)

AP - MORTGAGE APPLICATIONS DOWN: Applications for home loans fell 4.4 percent last week despite the lowest mortgage rates in decades, according to the Mortgage Bankers Association.
Filed Under: Uncategorized by: Yahoo! News: Personal Finance News

Buy, Sell, or Hold Research In Motion? (The Motley Fool)

The Motley Fool - Right now, you can't go through a list of news articles for Research In Motion (NASDAQ: RIMM - News) without seeing gloomy headlines such as "Why RIM is a Risky Investment" (TheStreet.com) and "BlackBerry's Era May Be Ending" (The New York Times). Fears of market share declines because of Apple's (Nasdaq: AAPL - News) iPhone and Google's (Nasdaq: GOOG - News) Android platform clearly have investors on edge -- and an underwhelming earnings report last quarter didn't do much to calm their nerves.
Filed Under: Uncategorized by: Yahoo! News: Personal Finance News

5 Essential Components of a Retirement Plan (U.S. News & World Report)

U.S. News & World Report - When most people plan for retirement they think about saving and investing so they have a large nest egg to draw upon once they stop working. Investing is certainly important, but it is not the whole story. A secure retirement demands more than just a well-funded investment account. Here are five essential components of any retirement plan.
Filed Under: Uncategorized by: Yahoo! News: Personal Finance News

Mortgage applications fall 4.4 percent last week (AP)

AP - Applications for home loans fell last week despite the lowest mortgage rates in decades.