N.J. offers financial help to those with mortgage problems (The Record) TRENTON -- State officials on Wednesday announced a new foreclosure-prevention effort to help thousands of New Jersey borrowers facing mortgage problems.read more...
S&P May Cut $12B of Subprime-Related Debt "The housing market is doing poorly" Standard & Poor's may cut $12 billion of subprime-related debt on expectations for an 8 percent drop in U.S. home prices and more
As adjustable rates soar, mortgage applications sink (Seattle Times) The interest rate charged for one-year adjustable loans jumped last week by the most since the Mortgage Bankers Association began keeping...read more...
The week unzipped THE collapse of an Edinburgh-based mortgage broker will not leave homeowners out of pocket, according to the owner of the Mortgage Advisory Centre, Robert McGrail.read more...
Real estate sales down, prices up in '06 (Reg Req'd) Forecast calls for third-highest annual sales total Existing-home sales are expected to drop 6.4 percent this year to 6.62 million, down from a record 7.08 million in 2005, according to
Mortgage lenders pass on rate cut (Channel 4) The UK's biggest mortgage lenders have been quick to announce they will be passing on the latest interest rate cut in full.read more...
Alan Greenspan’s timing was priceless. Just as he prepares to step down from his post, the Federal Reserve chairman recognized the fallacy of disregarding asset prices when setting monetary policy.
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