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Reverse mortgage advice (The Cincinnati Post) DEAR BRUCE: We own two homes, one in Pennsylvania and our primary residence in New Jersey. Our ages are 66 and 68, and we would like your thoughts on taking
NovaStar Home Mortgage and two other lenders must pay a $46 million judgment, a judge rules (The Kansas City Star) NovaStar Home Mortgage and two other lenders have been hit with a $46 million judgment by a California court over alleged unfair business practices on the Internet.read more...
Mortgage rates drop (The Charlotte Observer) Mortgage rates around the country edged down this week, with rates on 30-year home loans sinking to their lowest point in a month, good news for prospective buyers. Freddie Mac,
Pension plans see mortgage value (The Charlotte Observer) The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy. Retirement systems in
Put a Lid on Rising Mortgage Payments (Hope Star) (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?read more...
Good Inflation News Sends Stocks Higher Lower-than-expected increases in wholesale prices cheered investors and boosted stocks Tuesday as Wall Street's inflation worries were assuaged, at least for the short term.via