J.P. Morgan Chase & Co. announced a mixed bag in its third-quarter earnings report Wednesday, just a day after it lobbied the government to permit more so-called "extend and pretend" loans to troubled borrowers.
If anybody knows tough times, it's Freddie Mac. And the government-sponsored mortgage financier says there are more tough times ahead. Two leading Freddie executives said this summer's evidence of a housing rebound was inconclusive, and the government needed to do more to stave off foreclosures.
Pressure is mounting for Congress to extend the $8,000 tax credit for first-time homebuyers, currently scheduled to expire November 30, and perhaps extend it to all buyers. One expert economist argues that by the time the credit expires, it will have been responsible for sales of 400,000 new and existing homes.
The former head of Bear Stearns' residential mortgage unit is partnering with First Arizona Savings FSB to launch a residential mortgage origination platform focused on opportunities in the Western United States with plans to expand nationally. The former management team from Bear Stearns Residential Mortgage will join ex-chief executive Jeff Walton in the new venture. The former head of Bear Stearns' residential mortgage unit is partnering with First Arizona Savings FSB to launch a residential mortgage origination platform.
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Rob Alley, Realtor
Keller Williams Realty
540-250-3275
roballeyrealtor@gmail.comhttp://www.charlottesvillevarealestate.blogspot.com http://www.robsellscharlottesville.comOh, by the way, I am never too busy to work any of your referrals.
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