VOL. 123 | NO. 112 | Monday, June 9, 2008
As a result of tighter lending guidelines in the mortgage industry, home loans by the Federal Housing Administration (FHA) have skyrocketed in 2008, and their rapid rise could be a savior for the housing market.
Bartlett and Downtown Memphis are separated by about 15 miles, what could be perceived as a political and cultural divide and different economic centers of gravity.
WASHINGTON (AP) – The nation’s unemployment rate jumped to 5.5 percent in May – the biggest monthly rise since 1986 – as nervous employers cut 49,000 jobs.
CHARLOTTE, N.C. (AP) – The Federal Reserve has approved Bank of America Corp.’s purchase of distressed mortgage lender Countrywide Financial Corp.
When it comes to exercise, sometimes people just need a little nudge every now and then to help them stick to a routine or even a diet.
WASHINGTON (AP) - Consumers relied a lot less on their credit cards in April with debt in that area rising at the slowest pace in nearly three years.
Lenders stung by the housing bust are slashing prices dramatically to rid themselves of an unprecedented number of foreclosed properties, sparking bidding wars in some places that hearken back to the market's go-go years and may signal the bottom is near.