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Penny Pritzker nominated for Commerce secretary
Tribune staffChicago business executive Penny Pritzker was nominated by President Barack Obama to become the new Secretary of Commerce on Thursday, in an expected move that could prove controversial for the longtime political supporter and fundraising heavyweight....Tags: Republican Party, Sally Jewell, Millennium Park, National Oceanic and Atmospheric Administration, Labor Markets
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Wichitans charged with mortgage fraud
KWCH 12 Eyewitness NewsSeven people in Wichita have been charged in a federal mortgage fraud case. An indictment alleged the scheme involved straw buyers and straw sellers, false loan applications and false supporting documentation submitted to lenders. Victims of the fraud...Tags: U.S. Department of Housing and Urban Development, Banking, Freddie Mac, Fannie Mae, Federal Housing Administration
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SPECIAL REPORT: Cheap money bankrolls Wall Street's bet on housing
Reuters* Institutional investors inflating Las Vegas market * Fed easy money policy boosting some housing markets * Some investors backing away from housing trade * Vegas residents fear being priced out by Wall St. speculators By Matthew Goldstein LAS...Tags: Property, Blackstone Group, L.P., Money and Monetary Policy, Finance, Home Improvement
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Mortgage interest rates drop again -- to record low territory
Sun SentinelAverage interest rates on both 15- and 30-year fixed-rate mortgages fell again for a fifth week in a row and are now in record low territory, Freddie Mac said Thursday. Average 30-year, fixed-rate loans dropped to 3.35 percent this week after dipping to...Tags: Economy, Business and Finance, Freddie Mac, Money and Monetary Policy, Finance
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Freddie Mac: 30-year mortgage rate dips to 3.35%, near a record low
The benchmark 30-year mortgage rate dropped this week to an average of 3.35%, its lowest rate in four months and within a whisper of its record low of 3.31% in fall, Freddie Mac said Thursday. The 15-year fixed mortgage, popular with homeowners...
Tags: Freddie Mac, Federal Reserve, Financial and Business Services
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Bank of England unlikely to follow ECB's rate cut
ReutersBy William Schomberg LONDON, May 2 (Reuters) - The chances of the Bank of England following the European Central Bank by cutting its benchmark interest rate look slim. The British economy remains weak and the next governor of the central bank,...Tags: Economy, Business and Finance, Finance, Money and Monetary Policy, Central Bank, European Central Bank
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ANALYSIS-Canadian housing: bursting bubble or gentle landing?
ReutersBy Andrea Hopkins TORONTO, May 2 (Reuters) - It's looking like an unsettling spring in Canadian housing, a market that has proven far more even-keeled and less scary for investors in recent years than in the United States. In what is traditionally the...Tags: Psychology, House Building, Real Estate Buyers, Philosophy, Carney (music group)
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Mortgage rates hover near all-time lows
Tribune reporterThe average interest rate on a 30-year, fixed-rate mortgage continued to hover near its all-time low this week while the 15-year rate fell to a new low, Freddie Mac said Thursday. For a 30-year, fixed-rate mortgage, this week's average rate of 3.35...Tags: Freddie Mac
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Bad mortgage writedowns seen saving U.S. $2.8B
Tribune reporterWriting down the value of underwater mortgages backed by Fannie Mae and Freddie Mac could save the federal government as much as $2.8 billion, the Congressional Budget Office said Wednesday. An analysis by the CBO estimated that 1.2 million borrowers...Tags: Congressional Budget Office, Freddie Mac, Fannie Mae
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Mortgaging hopes
More people believe "it is now a good time to buy a home," says Jim Bryant, a Wells Fargo mortgage consultant. But that doesn't mean they are able to do so. "They come in because they know interest rates are low and they want to buy," Bryant says....Tags: Real Estate Buyers, Economy, Business and Finance, Consumers, The Finish Line Incorporated, Services and Shopping
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Iceland government heads for defeat as centre right revives
Reuters* Progressive and Independence parties seen in coalition * Ruling Social Democrats trail badly in polls * Vote seen as rejection of bailout terms, EU membership By Balazs Koranyi REYKJAVIK, April 27 (Reuters) - Icelanders fed up with austerity are set...Tags: Voting, Economy, Business and Finance, Polls, Social Sciences, Finance
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State To Lend $3M for New Danbury Financial Office
The Hartford CourantA New York financial services firm will open an office in Danbury, and if that location employs 100 people three years from now, a subsidized $3 million loan from the state will be converted into a grant. Gov. Dannel P. Malloy announced the economic...Tags: Economy, Business and Finance, Danbury, Fannie Mae, Finance, Dannel P. Malloy
May 2, 2013
|Story| Chicago Tribune
May 2, 2013
|Story| KWCH
May 2, 2013
|Story| Reuters
May 2, 2013
|Story| South Florida Sun-Sentinel
May 2, 2013
|Story| Los Angeles Times
May 2, 2013
|Story| Reuters
May 2, 2013
|Story| Reuters
May 2, 2013
|Story| Chicago Tribune
May 1, 2013
|Story| Chicago Tribune
Apr 28, 2013
|Story| Allentown Morning Call
Apr 26, 2013
|Story| Reuters
May 1, 2013
|Story| Hartford Courant
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