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Fed lays egg & mortgage rates bunny-hop up

Posted by mortgage 48 days ago (Editorial)
Mortgage rates inched up this week after the Fed signaled to investors that it won't buy more bonds to provide further stimulus to the U.S. economy.
The Fed says the economy is awake, so it's switching to decaf. Mortgage rates begin to stir.

Boomers' $3 trillion nest egg

Posted by mortgage 120 days ago (Editorial)
Will older Americans' fortune in home equity bail out their retirement?
Americans born between 1946 and 1964 are beginning to retire as the U.S. stock market is still recovering from the financial crisis that began in 2007 with the collapse of the subprime-mortgage market.
British mortgage lender Yorkshire Building Society is to buy the mortgage and savings business of Egg Banking from American bank Citigroup , as Citi continues to sell non-core assets after its bailout during the credit crisis.
LONDON (Reuters) - Mortgage lender Yorkshire Building Society is to buy the mortgage and savings business of Egg Banking from American bank Citigroup , as Citi continues to sell non-core assets after its ...

Yorkshire to buy EGG from Citigroup

Posted by mortgage 303 days ago (Editorial)
British mortgage lender Yorkshire Building Society is to buy the mortgage and savings business of Egg Banking from American bank Citigroup , as Citi continues to sell non-core assets after its bailout during the credit crisis.
* Yorkshire buying Egg's mortgage and savings businesses * Units comprise 2.5 bln stg savings book, 430 mln mortgagebook * Citi had already sold Egg credit card assets to Barclays (Adds further detail, ...

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Mortgage How to Get is an informational resource about mortgage news and information.