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Jumbo loan
Looking for a large loan amount to purchase or refinance your home?A loan which is larger (more than $322,700 as of 1/1/03) than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate....Fannie Mae Shares Fall on Accounting Woes
WASHINGTON (Reuters) - Shares of U.S. mortgage finance giant Fannie Mae (FNM.N: Quote , Profile , Research ) tumbled on Thursday after the Securities and Exchange Commission said the company must restate earnings because of accounting problems. Shares in Fannie Mae stock opened at $68.00, down $2.69, or 3.81 percent, from a close of $70.69 per share on Wednesday. The company, which buys mortgages from lenders and holds them or repackages them as securities for investors, had said it may ...A conundrum story... worry, worry, worry
A conundrum story... worry, worry, worry Yields are staying low because the bond market has plenty of credit quality issues to fret over. June 2, 2005: 8:01 AM EDT NEW YORK (CNN/Money) - The bond market conundrum isn't just getting deeper -- it's spitting in Alan Greenspan's eye! The Fed chi...Fed Beige Book: Business Activity Expands
WASHINGTON (Reuters) - U.S. business activity continued to expand through early April, but price pressures from rising energy costs have intensified in some areas, the Federal Reserve said on Wednesday. "Reports from all twelve Federal Reserve Districts indicate that business activity continued to expand from late February through early April," the Fed's beige book summar...Durable Goods Orders, Home Sales Rise
By Alister Bull WASHINGTON (Reuters) - U.S. durable goods orders rose, with key components gaining strongly, and single-family homes sales soared in September, reinforcing views the Federal Reserve will raise interest rates further this year. Durable goods orders edged up 0.2 percent, but orders excluding the volatile transportation equipment sector rose 1.7 percent, according to a Commerce Department report on Wednesday. Se...For more information about 2nd mortgage: .
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