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A large apartment complex in Fitchburg has been sold to the company that has managed it for two years. New Fountains, a 578-unit complex at 5401 Williamsburg Way, west of the Verona Road corridor, has been sold to Milwaukee developer Mandel Group Inc ...

New Fountains apartments in Fitchburg sold - Wisconsin State Journal

Borrowing by consumers fell by $15.7 billion in April as U.S. households continued to trim spending and put away their credit cards amid a severe recession. The Federal Reserve says the April decline was the second... Gold prices tumble as dollar ...

Business and Financial News Headlines - Town Hall

Weekly Average Rate of 5.25% Highest Since March, According to Zillow(R) Mortgage Rate Monitor SEATTLE, June 2 /PRNewswire/ -- The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased last ...

Mortgage Rates Surge Late Last Week; 30-Year Fixed Rates Peak Near 5 ... - Biloxi Sun Herald

May 29 (Bloomberg) -- Kyle McGee went to his mortgage brokerâ€™s office yesterday hoping to refinance and save about $200 a month. He walked away empty-handed. McGee was expecting a rate of 4.7 percent; the broker offered him 5.375 percent. The ...

Bernanke Bid to Lift Housing Scuttled by Rising Rates, Defaults - Bloomberg

A new report out today from online real estate search site, Trulia.com, finds that nearly one in four current sellers, and these are what we call â€œorganicâ€ sellers, not distressed sellers (foreclosures or short sales) have dropped their sale ...

Home Prices: Sellers Need to Lower Expectations - CNBC

NEW YORK -- The letter may look like a government form. The logo may seem official. The Web site address may sound like an agency that can help. But there's a good chance it may all be a scam. The ongoing mortgage foreclosure crisis has sparked a ...

Mortgage scams cropping up all over - Santa Rosa Press Democrat

NEW YORK - The mortgage crisis is spreading and hitting new heights: Borrowers with good credit now make up the largest share of foreclosures as job losses and pay cuts exact their toll. A record 12 per cent of homeowners with a mortgage were behind ...

Mortgage crisis spreads in US - Straits Times

WASHINGTON â€” Federal regulators on Thursday charged Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp., and two other company executives with civil fraud. The Securities and Exchange Commission's civil lawsuit ...

Countrywide ex-CEO charged with fraud - NorthJersey.com

Now is a great time to become a homeowner in New Jersey. Home prices are becoming increasingly affordable in communities around the state and mortgage rates are at their lowest levels in decades. But for New Jerseyans still on the fence about buying ...

First-time homebuyers can take advantage of Federal Tax Credit - Asbury Park Press

Recent signs indicate that housing prices have bottomed according to Bernard Baumohl, Chief Global Economist of the Economic Outlook Group. One positive sign is that even though mortgage rates increased, new loan originations actually increased 4.3 ...

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