Oklahoma Briefs: New oil well completed 7 hr ago | Add a comment New oil well completed GMX Resources Inc. announced Friday completion and initial production results for the Callison 9H, the Company’s first horizontal well. The Callison 9H in Harrison...

How low will interest rates on homes go? 13 hr ago | Add a comment WASHINGTON — What will it take to get consumers off the sidelines to buy more houses and help stimulate the economy? How about a mortgage at 2.

Reverse mortgages receive higher limits 13 hr ago | Add a comment Many older homeowners got some long awaited good news recently when the Department of Housing and Urban Development approved higher lending limits for reverse mortgages. Now a home equity...

BUSINESS BRIEFS: Mortgage rates decline amid weakened economy Yesterday | Add a comment NATION MORTGAGE RATES DECLINE AMID WEAKENED ECONOMY WASHINGTON — Mortgage rates dropped for a third straight week, reflecting the impact the weakening economy is having on financial markets....

Financial meltdown update: Congress tells Big Three to come back with a plan Yesterday | Add a comment Congress tells Big Three to come back with a plan WASHINGTON — Show us the plan and we’ll show you the money. That’s the message the Democratic-led Congress gave Detroit’s...

Government expanding rules for mortgage help program Thu, Nov 20, 2008 | Add a comment WASHINGTON — The government will let more borrowers qualify for a new $300 billion program that lets troubled homeowners swap risky loans for more affordable ones, a Bush administration...

Freddie seeks first funds following $25. 3B loss Fri, Nov 14, 2008 | Add a comment WASHINGTON — Freddie Mac is asking for an initial injection of $13.8 billion in government aid after posting a massive quarterly loss. The mortgage finance company is making the first request...

FDIC says plan could help 1.5 million keep homes Fri, Nov 14, 2008 | Comments 7 WASHINGTON - Publicly breaking with the Bush administration's official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 billion in government funding to help 1.5 million...

In Business: Mortgage rates slide Thu, Nov 13, 2008 | Add a comment Mortgage rates slide Mortgage rates dropped for a second straight week. Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.14 percent this...

US: October budget deficit hits record of $237.2 billion Thu, Nov 13, 2008 | Comments 1 WASHINGTON - The federal government began the new budget year with a record deficit of $237.2 billion, reflecting the billions of dollars the government has started to pay out to rescue the...

U.S. foreclosure rates up 25 percent year-over-year Thu, Nov 13, 2008 | Comments 1 MIAMI -- The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed. More than 279,500 U.S. homes...

Foreclosures fall in Oklahoma during October Thu, Nov 13, 2008 | Comments 1 TULSA -- A report by a real estate data service says the number of home foreclosures in Oklahoma fell by 36 percent from September to October. The report by RealtyTrac estimates 817...

U.S. jobless claims surge while trade deficit narrows Thu, Nov 13, 2008 | Comments 3 WASHINGTON -- The number of newly laid-off individuals seeking unemployment benefits has jumped to a seven-year high, the government said Thursday. The Labor Department reported that jobless...

Paulson says troubled assets will not be purchased Wed, Nov 12, 2008 | Comments 33 WASHINGTON (AP) - Treasury Secretary Henry Paulson said Wednesday the $700 billion government rescue program will not be used to purchase troubled assets as originally planned. Paulson said the...

Government offering new plan for mortgages Wed, Nov 12, 2008 | Add a comment WASHINGTON — Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn’t go far enough. The plan announced Tuesday by federal...

Consumer Credit Counseling Service of Central Oklahoma Inc. (CCCS) Wed, Nov 12, 2008 | Add a comment About the company →Founded: 1967. →Address: 3230 N Rockwell Ave., Bethany. The company also serves clients at two Oklahoma City offices and offices in Enid, Stillwater, Lawton, Shawnee...

Federal government launches new loan aid effort Tue, Nov 11, 2008 | Comments 1 WASHINGTON (AP) - The government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands...

Consumer spending worries clobber stocks Tue, Nov 11, 2008 | Comments 3 NEW YORK - Homebuilder Toll Brothers Inc. and coffee chain Starbucks Corp. helped send Wall Street sharply lower Tuesday after giving investors more evidence that the housing market and consumer...

Big U.S. banks step up efforts to modify mortgages Tue, Nov 11, 2008 | Add a comment NEW YORK -- Major banks are stepping up their efforts to curtail losses from souring mortgages, with Citigroup Inc. becoming the latest institution to adopt initiatives aimed at helping at-risk...

Note to angry investors: Just stop finger-pointing Sat, Nov 8, 2008 | Comments 9 Dear Mr. Berko: I bought 225 shares of Fannie Mae with $3,200 from my independent retirement account because you said it was good and that it had an implied guarantee from the government. Then it...