The worsening financial crisis stops bargain hunters in their tracks.
Continue reading "September pending home sales fall"
Bad loans were originally the main culprit driving homeowners into foreclosure. But now it's unemployment that's fueling the mortgage meltdown.
Continue reading "Mounting job losses fueling foreclosures"
Rates on 30-year fixed-rate mortgages drop to 6.20% from 6.46% and are expected to remain firm.
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Fed restructures loan and creates 2 programs to rescue insurance giant from bad bets. Treasury buys $40 billion in shares. AIG quarterly loss: $25 billion.
Continue reading "AIG: Bailed out again"