Bush signs housing bill to provide mortgage relief

Bush signs housing bill to provide mortgage relief - San Diego Union-Tribune WASHINGTON President Bush on Wednesday signed a massive housing bill intended to provide mortgage relief for 400,000 struggling homeowners and fixed rate mortgage stabilize financial markets. Bush signed the bill without any fanfare or signing ceremony, affixing his Source: www.signonsandiego.com Mortgage Applications at Slowest Pace Since 2000 - CNBC Applications for U.S. home mortgages dropped to their slowest pace since December 2000 as loan rates hovering near one-year highs compounded the housing market's woes, according to data from an industry group on Wednesday. CNBC.com The Mortgage Source: www.cnbc.com

Fixed rate mortgage - Spain's Inflated Home Values Infect Mortgage Bonds (Update1)

Spain's Inflated Home Values Infect Mortgage Bonds (Update1) - Bloomberg July 31 (Bloomberg) -- Jose Maria Gonzalez is struggling to unload a four-bedroom apartment in Madrid so he can pay for the 480,000-euro ($750,000) house he now lives in. His problem may wind up hurting investors in Rome and fixed rate mortgage Hong Kong he's never met Source: www.bloomberg.com Fortress Financial Group, Inc. -- Secured Loan Facility - MSN MoneyCentral Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has received a short term Loan facility in the amount of US$50 million to be used solely for further purchases of Hunt Gold Corporation's "free trading" stock, at what we view as Source: news.moneycentral.msn.com GMAC Reports $2.5 Billion Loss as Auto, Housing Slump (Update2) - Bloomberg July 31 (Bloomberg) -- GMAC LLC , the auto and fixed rate mortgage mortgage finance company majority owned by Cerberus Capital Management LP, reported a $2.5 billion loss as car leasing shrank and fixed rate mortgage the housing slump boosted foreclosures. The second-quarter loss, GMAC's Source: www.bloomberg.com Housing plan signed, but concerns linger - San Francisco Gate (07-31) 04:00 PDT Washington - -- The giant housing rescue plan President Bush signed Wednesday might help stanch the bleeding in the housing market, but experts on both sides of the political divide worry that it is, at best, only an emergency step Source: www.sfgate.com