$600 million from housing program approved for huge port expansion

An aerial photograph shows the port of Gulfport, Miss., just after Hurricane Katrina scoured the coast in August 2005.
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AP

While thousands of Mississippians who […]

AT HIGH NOON TODAY CHAIRMAN BARNEY FRANK OF THE HOUSE FINANCIAL SERVICES COMMITTEE ANNOUNCED THAT AN AGREEMENT HAD BEEN REACHED AMONG CONGRESSIONAL LEADERS TO ALLOW AN INCREASE IN THE LIMIT OF HOME MORTGAGE PURCHASES BY FANNIE MAE AND FREDDIE MAC FROM $417,000 TO AS HIGH AS $700,000. THAT WAS A BLOCKBUSTER ANNOUNCEMENT, BUT FOR […]

Why Credit Repair is All the Buzz
Not too long ago a credit score of 620 was considered acceptable. Not anymore, says Fannie Mae and Freddie Mac. After suffering major losses stemming from the high foreclosure and delinquency rates in the mortgage market last year, Freddie and Fannie have redefined risk, and are now charging serious […]