Two plead guilty to mortgage fraud (The Buffalo News) Venere Hutchinson and his wife, Dana Upcher Hutchinson, pleaded guilty Thursday to felony mortgage fraud charges and were warned by a judge that they will be forced to sign confessions
With mortgage rates on the rise, should you refinance now? (Orange County Register) Rates are spiking just as housing sales pick up. Like just about everything else ? gasoline, food ? mortgage rates are getting more expensive. Last week, local rates climbed to
Freddie Mac Grants Three-Month Suspension of Mortgage Payments for Borrowers Affected by Hurricane Katrina (PR Newswire via Yahoo! Finance) Freddie Mac today announced several special policies intended to put emergency funds in the pockets of single-family mortgage borrowers impacted by Hurricane Katrina.read more...
Survivor's guide to ARM resets A flood of teaser-rate adjustable mortgages will reset their rates in the coming years, causing higher, sometimes unaffordable payments. This special section outlines the problem -- and offers guidance to
Real estate markets normalize as average time to sell climbs Real estate markets normalize as average time to sell climbs 75% of survey respondents say houses take more than 30 days to sell According to a recent nationwide survey of
Basel II capital requirements may impact global banks' behaviour, says Fitch Ratings In a new report, Fitch Ratings says that the new capital adequacy framework for large global banks, known as Basel II, will have an important effect on the securitisation activity
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