Bill and Pattye Bomash had heard the warnings about why parents shouldn’t lend money to their grown children. How it keeps them dependent. How it inflames family tension. How it robs your retirement.
Longer-term, fixed-rate mortgages jumped this week to their highest level in 11 weeks but shorter-term, adjustable loans held steady or fell, according to Freddie Mac’s weekly rate survey released Thursday.
BOSTON -- When Fannie Mae, the government-sponsored mortgage company, announced a larger-than-expected quarterly loss and another planned cut to its dividend this week, the stock immediately had a nice little pop, picking up 9%.
WASHINGTON -- Despite veto threats, House lawmakers on Thursday passed far-reaching housing legislation in an effort to alleviate problems from a housing market turned sour.
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