May 26 (Bloomberg) — www.bloomberg.com Credit Suisse Group AG, Goldman Sachs Group Inc. and Royal Bank of Scotland Group Plc each borrowed at least $30 billion in 2008 from a Federal Reserve emergency lending program whose details weren’t revealed to shareholders, members of Congress or the public. The $80 billion initiative, called single-tranche open-market operations, [...]

webmaster@technorati.com wrote an interesting post today onHere’s a quick excerpt Los Angeles Times Congress reinstates higher FHA mortgage limitSan Francisco ChronicleLoans owned by Freddie Mac or Fannie Mae will not be eligible for the higher limit on mortgages. Today, I’ve got answers to reader questions on home and student loans, but first an update [...]

President Obama is off to Martha’s Vineyard for a ten-day vacation; Congress, at $174,500/year salary is gone as well. Many working Americans are hard pressed to even get a single day off less risk taking an annual vacation for fear they may not have a job when they come home. The cost of gas, the [...]

News Sources wrote an interesting post today onHere’s a quick excerpt Financial stability council warns Congress US markets still fragileiWatch NewsBy Jeremy Borden Banks and mortgage servicers accused of foreclosing homes improperly are being put under the microscope by regulators, who will recommend in January if extra supervision is needed, a senior Treasury Department [...]

By David Swanson   In what will come as a shock to the Tea Party and yet probably not rival the recent royal wedding in London for viewership, Republican Congressman Buck McKeon and Republican Senator John McCain plan to crown President Barack Obama King of America. They’re not kidding, and this is no stunt. Here’s [...]

I’m buying a house and I close on October 31. It’s a FHA loan and right now my rate is 6.375%. Should I lock in beforehand or should I wait for the bailout package to pass? What will happen to interest rates?