U.S. bubble floats by Triangle
By FRANK NORTON, Staff Writer After two years pacing about a cramped two-bedroom condo near Boston, Brian Medeiros is ready for a four-bedroom house with a sprawling yard in the Triangle.
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Mortgage lender ordered to pay Mich. customers restitution (WOOD TV 8 Grand Rapids) DETROIT -- Michigan's banking regulation office on Wednesday issued a cease-and-desist order against a troubled Connecticut-based mortgage lender that works primarily with people with...read more...
CIBC Posts Biggest Loss in 138-Year History After Enron Holder Settlement Canadian Imperial Bank of Commerce posted the biggest quarterly loss in its 138-year history after it agreed to pay $2.4 billion to resolve claims by Enron Corp.read more...
30-year mortgage rates up slightly (Honolulu Advertiser) The average rate on a 30-year mortgage rose for the first time in six weeks as signs of faster economic growth led to rising yields on the government bonds that
3 charged in mortgage scam called 'economic parasites' (The Palm Beach Post) In a wide-ranging mortgage scam, two real estate investors and a mortgage broker used inflated appraisals, straw borrowers and phony loan applications to fleece big-name lenders of millions, federal prosecutors
Progress made on disputed bills Leading legislators have reached agreement on a handful of controversial bills, including proposals to strengthen the state's seat-belt law and require youngsters to wear a helmet when riding an ATV,
Rise in Housing Prices Far Outpaced Income Since 1990, homeowners have faced a growing gap between their incomes and the price of their homes, according to an Associated Press analysis of recently released census data. read