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Freddie Mac talked to investors this week about possibly buying its stock to raise much-needed capital but billionaire investor Warren Buffett said he passed on an opportunity to help the troubled mortgage giant. ...more
August 23, 2008
Troubled borrowers with home loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail. ...more
August 21, 2008
The head of a state agency that allowed thousands of criminals to sell home loans in Florida has acknowledged his office did not follow a screening law but blamed legislators for failing to provide money to enforce it. ...more
July 25, 2008
MIAMI (AP) - The head of a state agency that allowed thousands of criminals to sell home loans in Florida has acknowledged that his office did not follow a screening law, but blamed legislators for failing to provide money to enforce it. ...more
July 25, 2008
The head of a state agency that allowed thousands of criminals to sell home loans in Florida has acknowledged that his office did not follow a screening law, but blamed legislators for failing to provide money to enforce it. ...more
July 24, 2008
The latest word is that the government will now bail out Fannie Mae and Freddie Mac. ...more
July 18, 2008
Diane Klein wasn't sure what she would trust more to hold her money - IndyMac Bank or a hole in her backyard. ...more
July 17, 2008
While the federal government has been sending income tax rebate checks to stimulate the economy, another proposal in the works would offer a $750 tax credit to entice people to buy houses. ...more
June 5, 2008
NEW PORT RICHEY - With the federal government in the midst of sending out income tax rebate checks, another proposal in the works would offer a $750 tax credit to entice people to buy houses. Greg Armstrong, president of the West Pasco Board of Realtors, recently spent a week in Washington, D.C., with a delegation lobbying for various bills such as the $750 credit to home buyers. ...more
May 31, 2008
Pending home sales dropped to a new low in March, an industry group said Wednesday, signaling the housing slump has yet to bottom out even as the spring sell season gets under way. ...more
May 8, 2008
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