Unemployment rate at a 2 year low (AP)

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by Associated Press via the KING5.com website Posted on April 1, 2011 at 6:50 AM WASHINGTON, D.C. – The unemployment rate fell to a two-year low of 8.8 percent in March and companies added workers at the fastest two-month pace since before the recession began. The Labor Department reported Friday that the economy added 216,000… Read More

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Fannie Mae and Freddie Mac start buying back bad loans (Seattle Times)

Fannie, Freddie to start buying back bad loans By The Associated Press WASHINGTON Government-controlled mortgage-finance companies Fannie Mae and Freddie Mac said Wednesday they will buy back troubled loans contained in securities they already have sold to investors. The two companies are repurchasing mortgage loans for which borrowers have missed at least four months of… Read More

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