MORTGAGE

Fed to Hold Steady Despite Global Risks

Chairman of the Federal Reserve Ben Bernanke
The Federal Reserve looks set to take a breather from monetary stimulus measures on Wednesday, even if financial market turbulence heightens the chances of action later.
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DeMarco delivers testimony on robo-signing and foreclosures at a hearing of the Housing and Community Opportunity Subcommittee of the House Financial Service Committee, in Washington

Federal Regulator Rebuts Critics of Housing Policies

Fannie Mae's and Freddie Mac's regulator on Saturday rejected criticism he was obstructing a housing recovery by taking too narrow a view of his mission to protect the financial health of the two massive, taxpayer-supported mortgage firms.
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Obama Unveils Student Loan Relief Plan

President Obama, on Wednesday, announced a series of new measures aimed at easing the burden of debt on students struggling to repay their federal college loans.
President Obama

Obama Announces Student Debt Relief to Mixed Response

President Obama announced a much-heralded plan on Wednesday to help recent college graduates struggling to pay back their student loans. Reactions were mixed, with some people lauding the President for taking decisive action and others saying he didn't go far enough.
Greece: Bond Vigilante Target

Why Greece Matters to Your Life

A whirl-wind day in the financial crisis: the European Central Bank renewed loans to key banks, and Germany backed an increase in the bailout fund ahead of a European leader summit to discuss debt-plagued Greece. Is the crisis over? Far from it, but it is a start. Here's how the Greece situation can affect your life.
A man works on a new home being built by developer Azeem Kahn in Chicago

New Home Sales Rise in September, Prices Fall

New single-family home sales rose at their fastest pace in five months in September, a government report showed on Wednesday, but sustained price declines indicated the housing market is far from recovery.
A real estate for sale sign is displayed outside a home in Chandler Heights, Arizona

Mortgage applications bounced last week: MBA

Applications for home mortgages rose last week, recouping some of the steep decline a week before as demand for both purchases and refinancing perked up, an industry group said on Wednesday.
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Obama's Student Loans Plan Won't Require Congressional Approval

President Barack Obama's student loans deal will be announced in Denver on Wednesday, Business Day reports. The plan will not require any action from congress, and will announced in tandem with a new plan to make it easier for homeowners to refinance their mortgage.
A trader works on the floor of the New York Stock Exchange

U.S. Stock Index Futures Mixed

Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures down 0.03 percent and Nasdaq 100 futures down 0.1 percent at 0925 GMT (5:25 a.m. EDT).
Row homes valued at $400,000 each, which are offered for free in a "buy one, get one free" deal, are seen in Escondido

Home Affordable Refinance Program (HARP): 4 Things to Know

The U.S. government announced Monday that it will revise the Home Affordable Refinance Program (HARP) which would allow underwater homeowners to refinance their mortgages. But will the HARP overhaul affect the housing market and the economy at a whole? Here are 5 things you need to know about HARP.

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