Mortgage and Financial News From 2008-9-10 Page 15
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Takeover gives rates 'a shot in the arm' (San Francisco Chronicle)
Mortgage rates have dropped in the wake of the government's weekend takeover of Fannie Mae and Freddie Mac, in some cases dipping below 6 percent for a 30-year fixed conforming loan. "We saw the impact within hours (on Monday), and on Tuesday there were both...
2008-09-10 12:32:40 -
Delegate will resign to become a lobbyist (Richmond Times-Dispatch)
A member of the House Republican leadership is quitting the General Assembly in midterm to become a lobbyist -- a move that is raising eyebrows among legislators and lobbyists.
2008-09-10 12:36:35 -
Congress weighs $25 billion for auto industry (Baltimore Sun)
House Democratic leaders are considering a $25 billion rescue package for the auto industry as part of an effort to bolster the sagging U.S. economy. The aid proposal, with its clear political implications for key battleground states, is likely to be put on a legislative fast track, possibly clearing Congress in a matter of weeks.
2008-09-10 12:38:17