Betting big on home loans
Interest-only loans have quickly become the most popular way to purchase a house in Sonoma County, where buyers are betting on soaring prices and putting off the dream of paying down their mortgage.
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Citigroup to buy ABN AMRO Mortgage Group (Reuters via Yahoo! News) Citigroup said on Monday that it will buy ABN AMRO Mortgage Group, an originator and servicer of U.S. prime residential mortgage loans.read more...
Second-Home Housing Glut; Real-Estate Bubble Losing Air Sellers are slashing prices nationwide as the inventory of properties on the market rises. Despite cooling demand, however, these investments should hold their value in the long term, experts say.read
Lenders Expect to See Tax Returns, but Read the IRS Forms Carefully Q: We recently went to settlement on our first home. The lawyer conducting the process handed us a large pile of papers and asked us to sign them. One
Mortgage rates skyrocket, hit 11-month high (Bankrate.com via Yahoo! Finance) The average 30-year, fixed-rate mortgage has climbed about half a percentage point in the last month. Such a spectacular rise has happened a few times in the last decade,
La Caixa Plans Two-Part Bond Issue Via ABN,HSBC,SG,DrKW LONDON --La Caixa plans to issue a new euro-denominated two-tranche cedulas hipotecarias issue, one of the lead managers said Tuesday.read more...
Divorce Among Young Couples Widespread "Children are the victims of divorces. Some couples get divorced when the wife is pregnant and children are born to find their parents separated or divorced" It is becoming