Latest Finance News

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  • General Growth Properties gets loan reprieve (AP) - AP - General Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders.
  • RBS to give struggling homeowners more time to pay (AP) - AP - Royal Bank of Scotland Group PLC said Monday it would give homeowners who miss mortgage payments at least six months before starting repossession action — double the three months it used to give.
  • Meltdown far from over, new mortgage crisis looms (AP) -

    The Vanity Fair Outlet stores opened at 12:01 a.m. EST for Black Friday sales has shoppers seeking bargins and discounts Nov. 28, 2008 in Reading, Pa. (AP Photos/Bradley C Bower)AP - Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the housing market.


  • Mortgage rates fall for 2nd day; won't help all (AP) - AP - Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven't seen this year.
  • Mortgage rates dip for fourth straight week (AP) -

    RNPS IMAGES OF THE YEAR 2008 U.S. Treasury Secretary Henry Paulson listens to a question from the audience as he speaks at the Treasury Department in Washington March 31, 2008. Paulson revealed sweeping new plans on Monday for streamlining a hodgepodge of regulation faulted for permitting the U.S. mortgage crisis to balloon into a full-blown economic threat. REUTERS/Jason Reed (UNITED STATES)AP - Rates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower due to the government's massive new effort to aid the U.S. housing market.