U.S. mortgage companies are headed for total collapse ? here are the reasons why? (India Daily) The refinancing bubble has burst. As people just cannot pay their mortgage with home equity (prices) falling and short-term rates rising, the mortgage-banking sector is in total collapse. The mortgage
350,000 saved from mortgage stress - HIA (Daily Telegraph) A GENEROUS round of interest rate cuts from the Reserve Bank since September has saved 350,000 households from mortgage stress, the nation's peak home building group says.read more...
Bankruptcy mortgage relief Proposed legislation would offer mortgage borrowers in bankruptcy some relief. But passing the bill could be an uphill battle.read more...
ABN AMRO Mortgage Group Agrees to Deal (AP via Yahoo! News) ABN AMRO Mortgage Group Inc. has agreed to a $41 million-plus settlement with the federal government for falsifying documents in tens of thousands of loans insured by the Federal
Europe's Record Mortgage Bonds Aided by Government Growth Needs (Bloomberg.com) Nov. 29 (Bloomberg) -- Banks in Europe are selling a record $101 billion of mortgage-backed bonds this year as governments increasingly provide incentives for home ownership that may invigorate their
Housing starts decline in Surrey While the rest of the Lower Mainland is enjoying a double-digit growth rate in home construction, starts in Surrey are down significantly through the first quarter of 2005.via
Phil White said he had come across more cases over the past four months than for the whole of 2002 and 2003 combined.
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