Word: loaning
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...investigation was publicized last week when retired Police Chief Anthony Paolillo pled guilty to one count of falsifying loan documents...
...past, the CCA has suggested that Healy may have behaved unethically in a real-estate loan he co-signed with City Solicitor Russell B. Higley...
...Federal Home Loan Mortgage Corporation announced that the interest rate on the average 30-year fixed loan across the country is now 8.93% -- up nearly two percentage points from a year ago and up from 8.89% just seven days earlier. It's the highest rate since April 1992. Despite rising rates, home sales have remained robust recently. One reason is that homebuyers are increasingly choosing adjustable rate mortgages -- at about double the pace of last year. The introductory "teaser" rate on new ARMs is still below 6% nationwide, on average, and individual banks in many areas are offering terms...
...with the financial techniques involved, but the whole field is evolving so rapidly that new legislation may be obsolete by the time it passes. "No one has any idea what the policy should be," says Bert Ely, a banking consultant who in 1989 correctly predicted that the savings-and-loan bailout would cost taxpayers about $150 billion. "It's a problem for all the industrialized countries. Computers are allowing the creation of purer and purer financial plutonium, and frankly, the regulatory process cannot keep...
...interest rates on home mortgages are the highest they have been in more than two years, according to figures released Thursday, but that hasn't dampened the enthusiasm of new-home buyers. The Federal Home Loan Mortgage Corporation announced Thursday that the interest rate on the average 30-year fixed loan across the country is now 8.82 percent -- up nearly two percentage points from a year ago. Yet figures released separately by the Commerce Department show that sales of new houses rose nearly 10 percent last month. That's the biggest hike in nearly a year, even though the average...