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Existing home sales fall
AP - Sales of existing homes plunged in March by the largest amount in nearly two decades, reflecting bad weather and increasing problems in the subprime mortgage market, a real estate trade group reported Tuesday.
Student loan task force launched
AP - A federal task force will examine the ties between lenders and college financial aid officers amid growing concerns about student loans, Education Secretary Margaret Spellings said Tuesday.
Countrywide sees healthy market by 2009
Reuters - Countrywide Financial
Corp. Chief Executive Angelo Mozilo on Tuesday said he
expects the U.S. mortgage market to show improvement in the
middle of 2008, and to be "very healthy" for the largest U.S.
mortgage lender in 2009.
Existing home sales plunged in March
AP - Sales of existing homes plunged in March by the largest amount in 18 years, reflecting in part rising troubles in the subprime mortgage market.
Task force to probe school, lender ties
AP - A federal task force will examine the ties between lenders and college financial aid officers amid growing concerns about student loans, Education Secretary Margaret Spellings said Tuesday.
India's mortgage holders feel pain of rate rises
FT.com - When Sanjay Kapadia, a Mumbai consultant, took out a mortgage on a flat in August, he opted for a variable rate to avoid the high charges attached to fixed-rate loans. It proved to be an unlucky choice.
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