Mortgage and Financial News From 2009-5-20 Page 01
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First Trust/FIDAC Mortgage Income Fund Declares Monthly Common Share ... - Businesswire.com
WHEATON, Ill.--( BUSINESS WIRE )--First Trust/FIDAC Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution payable on June 15, 2009 to shareholders of record as of June 3, 2009 ...
2009-05-20 03:17:00 -
Austin home market showing signs of a pickup - Austin American-Statesman
Austin-area home sales last month were the highest since September, and several agents said they're seeing signs the market is stabilizing. The Austin Board of Realtors said Wednesday that 1,601 single-family homes sold last month, with a median ...
2009-05-20 09:29:00 -
Obama signs law cracking down on mortgage fraud - Reuters
WASHINGTON, May 20 (Reuters) - President Barack Obama signed a tough new law on Wednesday aimed at cracking down on the kinds of mortgage fraud and predatory lending that helped trigger the current financial crisis. Speaking at a White House signing ...
2009-05-20 05:04:00 -
Mortgage Applications Up 42% From Last Year - Nuwireinvestor.com
Mortgage applications are up significantly over last year's levels but it may not be for the reasons you expect. Significantly cheaper home prices or the first-time home buyers tax credit are not the main reasons accounting for this increase. Diana ...
2009-05-20 04:36:00 -
Fitch Rates Miami-Dade County, Florida $99.3MM Subordinate Special ... - Businesswire.com
The 'A' rating on the subordinate special obligation bonds is based on satisfactory coverage of annual debt service provided by pledged convention development taxes (CDTs) and, if needed, the county's share of the local government one-half-cent sales ...
2009-05-20 05:54:00 -
Radar Logic Reports Stability in Home Prices in March (Marketwire)
Prices Increased in 11 Metropolitan Areas and Home Sales Increased in 23 Compared to February
2009-05-20 11:04:25 -
Realtor makes case (The Times-Reporter)
Realtor Jan McInturf of New Philadelphia recently met with U.S. Rep. Zack Space, D-Dover, to speak on behalf of real estate industry needs.
2009-05-20 11:10:19 -
Homeowners seek options (The Martinsburg Journal)
CHARLES TOWN - Residents who had hoped to save their homes from foreclosure by filing for bankruptcy protection are now searching for other alternatives. "Essentially all those people who were waiting for the relief are without it," local attorney Aaron Amore said this week.
2009-05-20 11:11:44 -
Shifting population (Chattanooga Times Free Press)
As an airplane pilot, Gary Hertzberg got a bird’s eye view of the mountainous scenery atop Fredonia Mountain while flying to his son’s home in Nashville.
2009-05-20 11:13:31 -
Banking bailouts have done little to ease credit crunch in UK (The Malaysian Insider)
By Elena Moya LONDON, May 21 —The government has done what it can to reignite the economy — but billions of pounds later — in the form of bailouts, asset protection schemes, credit guarantees and taking majority stakes in two of Britain’s biggest banks — individual borrowers and companies are still struggling to find finance and loans. Corporate and household lending growth is almost zero, down ...
2009-05-20 11:32:35 -
Yes, Virginia, There Is A Bull Market (Forbes)
It's hard to find household names that haven't doubled or tripled, but hang on for 1,000 on the S&P 500.
2009-05-20 11:43:24 -
House passes credit card reform (MSNBC)
The House has passed legislation that would impose sweeping new restrictions on the credit card industry.
2009-05-20 11:45:02 -
Wolters Kluwer Financial Services Launches RESPA Resource Center to ... - Consumer Electronics Net
In just six months, U.S. mortgage lenders will be required by the Department of Housing and Urban Development (HUD) to meet new regulatory requirements intended to help consumers better understand the true cost of a mortgage. Under changes to HUD's ...
2009-05-20 03:31:00 -
Obama signs mortgage, fraud bills - United Press International
WASHINGTON, May 20 (UPI) -- Bills to reform the U.S. financial and housing market and to protect U.S. consumers from fraud were signed into law Wednesday by President Barack Obama . The Helping Families Save Their Homes Act expands an existing $300 ...
2009-05-20 03:53:00 -
Obama signs mortgage bill into law - BusinessWeek
President Barack Obama said homeowners facing foreclosure would have a second chance under a measure he signed into law on Wednesday, but he added consumers still must live within their means. The law encourages banks to spare homeowners from ...
2009-05-20 06:02:00