WASHINGTON - The Federal Reserve sliced an important interest rate Wednesday - its second reduction in the last six weeks - to help the economy survive the strains of a deepening housing slump that is likely to crimp growth in coming months.
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Despite what you’ve heard about the mortgage crisis, the great majority of borrowers are finding loans with good rates.
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Consumers, at least those who live in large apartment complexes, may be poised to win one for a change if an article by Stephen Labaton published in The New York Times on Monday is correct.
According to the Times report, the Federal Communications Commission (FCC) is considering striking down exclusive contractsbetween cable companies and apartment building owners and…
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For the second consecutive meeting, the Federal Reserve Open Market Committee dropped short term interest rates.
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Despite what you’ve heard about the mortgage crisis, the great majority of borrowers are finding loans with good rates.
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As was widely expected on Monday, Merrill Lynch&Company Tuesday morning announced the “immediate retirement” of Stan O’Neal as the company’s Chief Executive Officer.
In other news, an investor lawsuit has been filed against Merrill Lynch & Co contending that the company issued false and misleading statements regarding its exposure to risky mortgage investments, the plaintiffs’ lawyers said on Tuesday.
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A certified check doesn’t necessarily mean payment is certain, says Dr. Don Taylor.
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Check back today after 2:15 p.m. to find out if the Federal Open Market Committee slashed rates again or held them steady.
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