Fed slashes interest rate by a half percentage point

House passes HR 1852 . This raises the limit for FHA mortgages, appears to lower equity requirements in certain circumstances, lowers their mortgage insurance ceiling.
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With Economy Volatile, Financial Firms Start to Stress Stability

IN recent years, LendingTree, the mortgage Web site operator, prospered with upbeat advertising that confidently told potential homeowners, "When banks compete, you win." But last week, that campaign vanished, ...more

Accredited and Lone Star Announce Amended Merger Agreement

Accredited Home Lenders Holding Co. , a nationwide mortgage company specializing in non-prime residential mortgage loans, and Lone Star Fund V L.P., through its affiliate Lone Star U.S. Acquisitions, LLC , ...more

New nuke plantswill be safer, cheaper

The current turmoil in credit markets is unlikely to derail plans by power companies to begin ordering the first new nuclear plants since cost overruns and public opposition virtually killed the industry three ...more