Two major mortgage bankers suspend sub-prime lending: brokers "We were quite surprised by the MCAP announcement" (CP) - Mortgage brokers say they have been notified by two major Canadian mortgage bankers that they have temporarily suspended sub-prime
Fitch Rates J.P. Morgan Mortgage Acquisition Corp. $599.5MM A-B P-T Ctfs, 2006-HE1 (Business Wire via Yahoo! Finance) NEW YORK----Feb. 28, 2006--J.P. Morgan Mortgage Acquisition Corp. , asset-backed pass-through certificates, series 2006-HE1, are rated as follows by Fitch Ratings: $477,525,000 classes A-1 through A-4 'AAA'. $23,226,000 class
Inflation Is As Inflation Does, But Housing Doesn't Investors, real estate investors and consumers have all been scratching their heads lately.read more...
Mortgage broker sent to prison (The Indianapolis Star) An Indianapolis mortgage broker was sentenced Tuesday to seven years in prison and ordered to pay $3.4 million restitution. Kenneth McKinney, 40, had pleaded guilty to conspiracy to commit wire
Eye On Stocks For Tuesday, May 16 Hewlett-Packard is set to announce fiscal second-quarter earnings on Tuesday after the closing bell.read more...
FHA Expands Mortgage Insurance to Troubled Borrowers (Update3) (Bloomberg.com) April 9 (Bloomberg) -- The Bush administration is expanding a federal mortgage insurance program to allow as many as 100,000 borrowers at risk of foreclosure to keep their homes.read more...
NINA JIMENEZ KNOWS the happiness of owning a home. The outgoing 27-year-old sales coordinator bought an Oakland condominium in 2001 for $198,000, with help from the city’s first-time home buyer program.
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