FHA Approved Mortgage Broker.

Even as the House of Representatives passed two housing rescue bills and the Senate wrestles over a bill of its own, criticism is raining down on those remedies to the housing crisis that are already in place.

There are so many piecemeal plans operating such as Hope Now, Project Lifeline and FH......

Dallas Federal Reserve President Richard Fisher (voter) speaking at the Hilton Midland Plaza in Texas said that the current economic slowdown will be prolonged, but not very deep.

Fisher warned that the Federal Reserve is in a difficult situation trying to repair the financial system, and that.........

Delivering opening remarks at the Atlanta Fed's Financial Markets Conference, Dennis Lockhart, head of the Atlanta Federal Reserve (non-voter) said credit markets remain fragile given a loss of confidence from the subprime crisis.

Speaking at the Atlanta Fed's Financial Markets Conference, Federal Reserve Chairman Ben Bernanke addressed the current state of the U.S. economy, calling current financial market conditions "far from normal."

"The provision of liquidity by a central bank can help mitigate a financial crisis. However, central b......

It is going to be a blockbuster week for data in the U.S. with the release of tier one data. Markets will receive April's CPI report, retail sales, import price index, industrial production and capacity utilization, housing starts and building permits, and the University of Michigan/Reuters consumer sentiment.

Another program to aid in the subprime mortgage crisis has been announced by Fannie Mae.

Under the new rules Fannie will refinance mortgages at up to 120 percent loan to value and the program appears to be limited to loans that are paid to date and that Fannie either owns or insures.

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The latest bill would allow lenders to reduce their exposure to foreclosures if they agree to cut the outstanding balance of an existing loan, thus allowing homeowners to refinance into a new loan that would be FHA insured. The reductions taken by lenders are substantial and must be based on new appraisa......

The House late Thursday approved a narrowly focused bill that would provide $15 billion to the states to buy and spruce up foreclosed properties.

The bill is different from one that has been widely discussed that would enable to Federal Housing Administration (FHA) to ensure new mortgages where the...

The Federal Reserve and Federal Trade Commission proposed new rules on Thursday which would require lenders to inform consumers of unfavourable developments or changes to the terms of their loans.

Under the proposed regulations, the lenders would also have the option of divulging a consumer's credit risk rating.<......

The current pace of jobless claims is relatively low compared to the previous recession, some economists say. However, others note that the rise in continuing claims is consistent with a higher unemployment rate than its current 5.0%, suggesting more trouble in the labour market than the latest figures might indicate.