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Archive for November, 2009

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The average rate on a 30-year fixed-rate mortgage fell to 4.78 percent last week, matching the lowest level on record since Freddie Mac started keeping track in 1971.

“The reason that ‘guru’ is such a popular word is because ‘charlatan’ is so hard to spell.” - William J. Bernstein The time is right for an investor’s manifesto.

Chief Financial Officer Joe. L. Price and mortgage unit President Barbara J. Desoer will earn less salary in 2009 than they did last year following approval by the officer of the special master for TARP Executive Compensation, Bank of America said in papers filing with the Securities and Exchange Commission.

Flashing a badge and toting official-looking documents, the man would show up at small businesses across Oakland clad in a blazer and tie claiming to be a state or federal Labor Department inspector.

New home construction rose by a seasonally adjusted an annual rate of 157,300 units in October, up from 149,300 in the previous month, according to Canada Mortgage and Housing Corporation.

Average rates for 30-year fixed mortgages fell this week, matching a record low set last spring and more than a full percentage point below what they were a year ago, Freddie Mac said Wednesday.

Special Master for Executive Compensation Kenneth Feinberg, also known as the Treasury Department’s “pay czar”, speaks about TARP Big banks are roaring back.

Shilpa Shetty Wedding Photo Gallery

Federal Reserve Bank of St. Louis President James Bullard said Sunday that the U.S. central bank should continue buying mortgage-backed securities and other assets longer than currently planned, according to an interview with Dow Jones Newswires.

Democratic Sen. Mary Landrieu told her colleagues Saturday she would vote to move ahead with debating a landmark health care reform bill, providing crucial support on a critical issue for her party.

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