Investigating 40-Year Mortgages
WEST HARTFORD, Conn.—Whether you’re trying to buy a bigger house, or looking for your first home, there is no doubt Connecticut’s skyrocketing “real estate prices” are affecting you.
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Lender failure won't affect mortgage (Bankrate.com via Yahoo! Finance) Don't worry about having to pay a mortgage in full when a lender fails, says Dr. Don Taylor.read more...
Four states tell lender to end its operations New Century Financial Corp. said Wednesday it has received cease-and-desist orders from banking regulators in four states, claiming some subsidiaries of the troubled subprime mortgage lender have violated state ...Commentread
Mortgage fraud sweeping Chicago's poor communities Mortgage fraud, a crime usually associated with upscale neighborhoods, has swept Chicago's poorest communities over the past five years, according to a published report.read more...
Investor's Rental Home Soars In Value to Over $1 Million An executive recruiter buys an ocean-view residence for less than half a million dollars, rehabs it and watches her property more than double in value. read more...
No increase in conforming mortgage loan limits (Baltimore Business Journal) Falling housing prices will hurt borrowing power for some people next year. For the first time in more than a decade, conforming mortgage loan limits will be unchanged in 2007.read
Fewer Americans Are Relocating Movement into and out of U.S. cities slowed sharply last year as the housing bust forced more Americans to stay put, according to new Census Bureau data.read more...